The 'green coin' - How to invest in NEM/XEM
NEM is a decentralized peer-to-peer platform with its own blockchain in which the third party can build new and exciting applications. NEM built a new codebase from the ground up. NEM smart assets systems are configurable to manage almost anything such as a supply chain, ownership records, notarization, etc.
Businesses worldwide have already adopted NEM protocols and tested them across millions of transactions that have demonstrated why it is the best performing system in the industry.
The currency of Nem is called Xem. All the existing Xem have created at launch. NEM has a total of 9 billion Xem coins circulating. They were spread among about 1500 people to make a fair distribution to start.
NEM uses a new and improved consensus method called POI (Proof of Importance) that is ultra-light and energy-efficient. NEM has a stated goal of a worldwide distribution model and has introduced new features of blockchain technology such as POI, Multi-signature accounts, and encrypted messaging.
There is no mining of Xem; they call it harvesting. Harvesting requires no special hardware and is environmentally friendly. When your account harvests a block, it confirms all the transactions in that block add into the blockchain permanently and you automatically collect all the transaction fees in that block. However please note that it takes a minimum of ten thousand vested coins to start harvesting.
Unlike Bitcoin, Nem does not need a massive amount of energy to run a peer-to-peer network. A node can run on a microcomputer which requires less than five watts to operate. Transaction fees are then used to pay those participants who run the Nem network.
Understanding NEM means understanding that it is a high risk but a very high reward investment. Putting a few hundred dollars into NEM is a bit of a risk, but if the currency was to reach over one dollar in the near future, the risk would be well worth it. NEM is set to disrupt a number of industries with the innovations that it has planned. If some of the technology in this platform was widely adopted it could represent a market value that is worth trillions of dollars. NEM could be substantially more valuable than it is today if just a few of the main projects being developed within the blockchain happen to take off.
There are several exchanges that you can purchase and trade XEM:
1. Binance Exchange - you can purchase XEM on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use the link above for a bonus 10% discount
2. CoinBase - this is one of the most popular platforms because it is easy to use on your phone or tablet and is available in most countries. On CoinBase you will also find many of the top 100 coins. CoinBase will send email confirmations for another layer of security if you are using a PC. CoinBase also can be used on your phone. When you join CoinBase you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more, by using the above link.
3. Crypto.com MCO/CRO - this is a favourite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using the above link to create a new account.
If you have any questions, please get in touch via the "Contact Us" section of the homepage and we will do our best to assist you.