New Economy Movement [XEM]

New Economy Movement LogoOfficial Website
@NEMOfficial
New Economy Movement Wallets

NEM is a peer-to-peer cryptocurrency launched on March 31, 2015 and written in Java. 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, multisignature accounts and encrypted messaging system and an Eigentrust++ reputation system. NEM technology is used in the private blockchain Mijin being tested by financial institutions and private companies in Japan

A NEM user’s importance is determined by how many coins they have and the number of transactions made to and from their wallet. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one’s overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount, as well as support of the network, become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem

Where To Buy:
Poloniex
Bittrex
Zaif