NEM is a smart Asset Blockchain for Enterprise. The market cap is $530,816,862 and the 24h volume is $20,540,961.
- What is NEM (XEM)?
NEM is a dual-layer blockchain written in Java. The NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value.
- How was NEM launched?
NEM was founded by the pseudonymous individual or group known as ‘UtopianFuture’. The mainnet launched on March 31, 2015. NEM issued the entire XEM supply in 2014 through its initial distribution. The project divided the supply of XEM into 4,000 stakes of almost 2.25 million XEM each. Everyone who pledged interest in the Bitcointalk forum received one entire stake.
- Who is the team behind NEM?
The NEM Foundation is a non-profit organization that fosters the developer community. Over the course of years, it established regional and country chapters.