NEM was a blockchain platform launched in March of 2015.

When was NEM launched?

NEM (XEM) launched on 2015-03-31.

What kind of project is NEM?

NEM (XEM) is categorised as: Payment Solutions.

Where is NEM's official website?

The official NEM site is https://nem.io/.

XEM NEM Rank #1653

Other Ecosystem Payment Solutions Launched 31-03-2015

Tracked since 2015

Listed on

NEM is a blockchain platform launched in March 2015, designed as an early enterprise-focused alternative to the chains that preceded it. Its native asset, XEM, functions as the network's payment and utility token, used to transfer value and cover transaction fees on the platform. The network distinguished itself through a unique set of features, including user-defined tokens known as mosaics, namespaces, multisignature accounts, and a peer-to-peer reputation system based on EigenTrust++. Its most recognized contribution is the Proof-of-Importance (PoI) consensus algorithm, which rewards participants according to their on-chain activity rather than purely on holdings, aiming to discourage wealth concentration. The reference client, written in Java, has been used to operate the network. More recent development has centered on NEM's integration with Symbol, a successor platform built to extend the original chain's capabilities.