NEM (CURRENCY:XEM) traded down 5.3% against the US dollar during the twenty-four hour period ending at 14:00 PM Eastern on March 23rd. One NEM coin can currently be purchased for about $0.28 or 0.00003164 BTC on popular exchanges including Livecoin, Bittrex, YoBit and Exrates. Over the last seven days, NEM has traded 20% lower against the US dollar. NEM has a market cap of $2.48 billion and approximately $51.50 million worth of NEM was traded on exchanges in the last 24 hours.

NEM Coin Profile

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NEM (XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It launched on March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is forum.nem.io. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. NEM’s official website is nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed 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 bought or sold on these cryptocurrency exchanges: OKEx, Cryptopia, HitBTC, COSS, Abucoins, Livecoin, AEX, YoBit, Upbit, Poloniex, Bittrex, Bitcoin Indonesia, Zaif, Exrates, Qryptos, LiteBit.eu and Cryptomate. It is not presently possible to purchase NEM directly using U.S. dollars. Investors seeking to trade NEM must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the aforementioned exchanges.

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