NEM (CURRENCY:XEM) traded down 11.5% against the dollar during the twenty-four hour period ending at 16:00 PM E.T. on March 18th. NEM has a market capitalization of $2.26 billion and $54.55 million worth of NEM was traded on exchanges in the last 24 hours. One NEM coin can now be bought for about $0.25 or 0.00003339 BTC on major cryptocurrency exchanges including Qryptos, OKEx, YoBit and AEX. Over the last seven days, NEM has traded down 29% against the dollar.

NEM Profile

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NEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its genesis date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. NEM’s official website is nem.io. NEM’s official message board is forum.nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here.

According to CryptoCompare, “NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on May 31, 2015.”

NEM Coin Trading

NEM can be purchased on these cryptocurrency exchanges: Abucoins, Bittrex, COSS, Exrates, Zaif, Cryptopia, Qryptos, Bitcoin Indonesia, YoBit, Poloniex, Cryptomate, OKEx, AEX, HitBTC, LiteBit.eu, Livecoin and Upbit. It is not presently possible to purchase NEM directly using U.S. dollars. Investors seeking to acquire NEM must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the aforementioned exchanges.

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