NEM (CURRENCY:XEM) traded 1.5% higher against the US dollar during the 1-day period ending at 13:00 PM E.T. on March 5th. NEM has a total market capitalization of $3.25 billion and $72.53 million worth of NEM was traded on exchanges in the last 24 hours. One NEM coin can currently be purchased for $0.36 or 0.00003140 BTC on major exchanges including Upbit, Qryptos, YoBit and Livecoin. During the last seven days, NEM has traded 10% lower against the US dollar.

About NEM

NEM (CURRENCY:XEM) is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its launch date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. The official website for NEM is The official message board for NEM is NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here.

According to CryptoCompare, “NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on May 31, 2015.”

Buying and Selling NEM

NEM can be bought or sold on the following cryptocurrency exchanges: YoBit, OKEx, Exrates, Cryptomate, Zaif, AEX, COSS, Poloniex, Bittrex, Upbit, Cryptopia,, Abucoins, Bitcoin Indonesia, Livecoin, Qryptos and HitBTC. It is not presently possible to purchase NEM directly using U.S. dollars. Investors seeking to trade NEM must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NEM using one of the exchanges listed above.

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