All the latest news about NEM Coin

See all news

Binance Expands Monitoring Tag List Based on Recent Reviews

In response to recent evaluations, Binance announced the addition of new tokens to its Monitoring Tag list as of October 4, 2023.

 Nikolas Sargeant

The Launch of Binance Japan Heralds the Dawn of a New Chapter for the Exchange

After a two-year hiatus, Binance, the world's largest digital asset exchange by volume, has relaunched its operations in Japan, marking another significant milestone for the crypto giant within the Asian market.

 Hassan Maishera


Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading NEM Coin

See all exchanges


4.36 based on 4570 votes


4.1 based on 2390 votes


3.92 based on 322 votes


Want to leave your cash at home? These cards support NEM Coin.

See all cards


3.2 based on 137 votes

SpectroCoin Card

2.86 based on 182 votes

Uquid Card

2.85 based on 254 votes


So you've made a little NEM Coin and now you want to spend it? These are the places to do it!

See all merchants

Cryptoholic Shop

4.4 based on 5 votes


4.36 based on 17 votes

4.23 based on 13 votes


Find the wallet that suit your security, ease of use and anonymity needs for NEM Coin.

See all wallets

Ledger Nano X

3.83 based on 47 votes

Ledger Nano S

3.77 based on 188 votes

CoinPayments Wallet

4.16 based on 37 votes


Learn more about NEM Coin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of NEM Coin.

NEM stands for New Economy Movement and is a blockchain platform and cryptocurrency launched in 2015. It is a community-oriented cryptocurrency that goes by the trading symbol XEM. NEM was originally launched as a fork of NXT, by anonymous member ‘utopianfuture‘. Utopianfuture registered on Bitcointalk on 7 December 2013, and is a “Sr. Member” at the forum.

NEM launched amid some argument over utopianfuture using multiple identities or ‘sockpuppets‘ to boost acceptance for the project. He has since resigned from the project. NEM initially constitued a fork from Nxt, and was then rebuilt from scratch in 2015 by the Singapore-based non-profit: The NEM foundation. The alpha version of NEM launched on 25 June 2014. Moreover, fundraising for the project ran for approximately a month between January-February 2014. However, the first stable release took place on 31 March 2015.

NEM is famous for its 1-minute block time, its proof-of-importance (POI) algorithm, and its multi-signature accounts. Nowadays, the NEM blockchain software has multiple uses. For instance, it has many implementations beyond cryptocurrency. One of the uses for NEM is in a commercial blockchain called Mijin. Many financial organizations in Japan (and other countries around the world) currently uses that blockchain. The words “New Economy Movement”, by the way, have fallen out of fashion, and the organization now only ever refers to itself as NEM.

The token giving fuel to the NEM blockchain is XEM. The total supply of XEM is 8,999,999,999. Mining of all tokens took place in the origin block. Furthermore, NEM offers both permission free blockchain solutions and permission blockchain solutions. Permission blockchains allow enterprises to organize a version of core NEM blockchain.

NEM also has an exclusive structural design consisting of two parts: the node, and the client.

Presently, the wallets supporting NEM are known as Nano-Wallets. These are fully-fledged cryptocurrency wallets also built with HTML and JavaScript. The benefit of using these standard coding languages is that Nano-Wallets can actually run on any platform. These NanoWallets also communicate with any NIS in order to communicate transactions to the rest of the network.