A couple of days ago, NEM cryptocurrency first reached $ 1.14. Experts note such take -off after the start of trading on the OKE exchange, where cryptocurrency is traded under the XEM ticker. Currency shows growth in the capitalization rating – 7th place. Let’s find out if it makes sense to invest your money and will there be further growth.
about the project
NEM is not just a decentralized cryptocurrency, but a whole software platform for data management. Thanks to the use of unique source code, NEM managed to get around many large players in the world crypts. Gradually, developers complemented the currency with new algorithms, for example Proof-OF-IMPORTANCE. It allows you to consume less electricity, it is well opposed to centralization.
For six months, the developers constantly tested cryptocurrency, without putting it on the market. After that, she was transferred to the beta version mode. In May 2015, it was officially launched. If January 1, 2017 one coin cost $ 0.0034, now the NEM rate is $ 1.14. That is, an increase of 28 200% is the best result among the most popular cryptocurrencies. Capitalization – 9.3 billion. There will be no more emission, this is the final number of coins.
Peculiarities
Cryptocurrency has some main features that distinguish it from most other currencies
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Peculiarity |
Explanation |
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New code base |
Initially, the platform was no different from other cryptocurrencies. Gradually, the creators came to the fact that she should have a new Codebase. |
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Proof of importance |
If most cryptocurrencies use the evidence system, NEM works according to the technology of evidence of importance. The developers have introduced a customer server model. People can buy or sell currency even on weak computers or smartphones. The system defines the “importance” of the user by the number of coins and transactions. |
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Different types of messages |
The user can include an encrypted/unencrypted or hexadecimal message in the transaction. To send it to the XEM network, there is no need to transfer it to the recipient. |
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The presence of a system reputation system |
For the block chain to remain healthy, Eigentrust ++ is used – a unique reputation system. The measurement of the nodes occurs according to the quality of the work performed, and not by its number. The presence of this system allows you to protect the network.  |
Consider these features when choosing cryptocurrency. NEM differs from others, which favorably affects the growth of the course. But some features can further worsen the position of the crypt, so you should weigh the pros and cons of the coins.
Buying cryptocurrency
You can buy NEM 3 in various ways. Everyone has their own pros and cons, so they must be briefly studied:
Everyone chooses a purchase method. Nanowallet is used as a NEM wallet. It is very convenient and allows you to use many cryptocurrencies. The guide to create and configure is in YouTube. Let’s look at the first option.
Livecoin exchange
First you need to go to the exchange and open a trading account (red large button in the upper right corner).
You will automatically move to the page with the registration form. Fill all the fields and click “Continue”.
Verification code will come to you by mail, be sure to check the Spam folder. The code is indicated when the following is the link, after which you will be successfully registered. This will be your first entrance to the site, so you will need to come up with a pincode. With it, you will confirm transactions to save the safety of currencies.
We go to the Balance tab. There you can replenish or bring any currency. It remains only to replenish the balance in one of the available ways. The system offers Advcash, Payer, Perfect Money and other options. It is better to use Advcash: the most convenient way, the commission is only 2%.
Go to the “Trade” tab. In the search, introduce “XEM”, two currency pairs will appear in front of you. It depends on what currency you replenished the score. If in dollars, you need to select XEM/USD. After the choice, it remains only to enter the desired volume, price for one coin and click on/sell. Further, the system will do everything on its own.
What awaits cryptocurrency in the future?
Above you could already study the features of the currency. They positively affect NEM prospects, allowing it to compete with other cryptocurrencies. If at the beginning of 2017 she ranked 10th among the best cryptocurrencies in terms of capitalization, then by the end of 2017 she managed to rise to 7th place. The total cost of this market exceeds 2 billion, and the cost for one coin is gradually growing.
For further growth, there are two main advantages:
The states will try to take control of all cryptocurrencies in the future. New rules will be introduced, so currencies that can adapt to these will begin to grow quickly. The most development will be obtained by cryptocurrencies that are ideally suitable for the format of the “future market”. NEM forecast is favorable, in the future it will begin to show rapid growth, because it is suitable for this format and is able to adapt to market changes.
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