About NEM

NEM (New Economy Movement) is a cryptocurrency project launched in 2015 with the goal of creating technologically advanced and efficient blockchains for asset management at low costs. The NEM ecosystem includes the Nano wallet. XEM is NEM's native cryptocurrency, with a maximum supply of nearly 9 billion. NEM uses a unique consensus mechanism called Proof-of-Importance (POI) combined with harvesting, designed to address the drawbacks of Proof-of-Work and Proof-of-Stake. POI rewards users who invest in the NEM system based on factors contributing to their POI score. A higher score means more rewards. Users need to hold at least 10,000 XEM to qualify for block rewards and transaction fees. The longer XEM is held, the higher the reward. Active network usage, like executing transactions, al...