On 23th October 2018, the EXMO cryptocurrency exchange added cryptocurrency NEM to its listing. Users of the platform are now able to trade in the most popular pairs: XEM/BTC, XEM/USD, XEM/EUR.
Top-ups and withdrawals for these currency pairs are already available via the Wallet section.
NEM, or the New Economy Movement, is a technology platform that seeks to be an efficient way to manage assets and data easily and at low cost.
NEM aims to build a “better” blockchain, and it tries to achieve that using two key concepts of proof-of-importance (POI) and harvesting.
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.
NEM has a current market capitalization of $856 034 912 (according to coinmarketcap.com).
You can find useful information about cryptocurrencies and exchange trading on EXMO’s YouTube channel.
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