What is NEM? Nem (XEM) Coin is a cryptocurrency operating in the NEM ecosystem. It works integrated with Bitcoin. With this coin, it is possible to trade in all areas included in the NEM ecosystem. XEM Coin is used to create a blockchain compatible brand. It is also a cryptocurrency that can be paid as an incentive to brands. Those who want to produce new coins or applications can produce them by participating in the incubation program in the field of NEM Ventures.
What is NEM?
The purpose of the project; In addition to cryptocurrency trading, it also supports projects that will contribute to the market. An ecosystem is created and tries to present many different projects to its users in this ecosystem. In addition, investors have the opportunity to create their own blockchain compatible applications in the NemNS1 domain. They can raise funds from their projects through Nem Ventures.
The project was launched in 2018 by the company NEM Foundation. It is seen as one of the safest cryptocurrencies on the market. Its volume is quite high compared to other cryptocurrencies. Users have recently started to prefer NEM Coin for cross-border transfers between wallets. Because it offers the world’s safest crypto network to its investors while performing the transfer process. The NEM network uses the Ed25519 public key signature system and the SHA3 hash algorithm to secure itself.
Where to Buy NEM (XEM)?
1 Nem (XEM) Coin price is 1.52 TL. With the current exchange rate, it is equivalent to 0.11 dollars. XEM Coin is listed on exchanges such as Binance, OKEx, Zaif, and HitBTC. Users who open an account on any of these exchanges can easily have it after completing the necessary registration process.
Advantages and Disadvantages
Advantages;
- XEM Coin users who want to create a project can collect funds from other users for their projects by putting them in a system called incubation.
- XEM Coin users can integrate all businesses and services into the blockchain network.
- XEM Coin investors can quickly perform cross-border transfers and exchanges between wallets by getting approved within a minute.
Disadvantages;
XEM Coin is not a suitable project for users who want to transact through a decentralized financial system. Because instead of providing passive income through credit or staking, it aimed for new projects. XEM Coin is affected by sudden price changes according to the mobility of the market. In 2022, the interest of institutional investors in the project may increase with the purchase demands.
