NEM (XEM) Price

$0.0030325309

NEM (XEM) Price Today

The live price of NEM is 0.0030325309 USD. In the past 24 hours, the trading volume of NEM was 6.6M USD, up by 2.21%. The current price has decreased by -36.47% from its 7-day high of 0.004773696 USD, and increased by 38.08% from its 7-day low of 0.0021961869 USD. With a circulating supply of 8,999,999,999.00 XEM, the market cap of NEM is currently 27.2M USD, up by 5.49% in the last 24 hours. NEM currently ranks #765 by market capitalization among cryptocurrencies.

NEM (XEM) Market Data

Market Cap

$27.2M

24h Volume

$6.6M

Circulating Supply

8.9B XEM

Maximum Supply

8.9B XEM

Fully Diluted Market Cap

$27.2M

Liquidity Indicator

24.50%

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About NEM (XEM)

What Is NEM (XEM) and How Does It Work?

NEM (XEM), short for New Economy Movement, is a blockchain platform launched in March 2015 that focuses on secure and efficient asset management. Unlike traditional blockchains, NEM introduces innovative features such as Proof-of-Importance (POI), which rewards users based on their vested XEM balance and network activity. This consensus mechanism allows users to participate in “harvesting,” NEM’s eco-friendly alternative to mining, without needing expensive hardware or high energy consumption. The network also supports features like mosaics (custom tokens), namespaces (token naming), and multisignature accounts, making it versatile for developers and enterprises.

XEM, the native token of NEM, is used for transaction fees, harvesting rewards, and accessing network services. Users can earn importance points by holding and vesting XEM over time, which determines their eligibility to validate transactions and secure the network. With a capped supply of 8.999 billion XEM and real-world use cases like notarization and supply chain tracking, NEM aims to provide a scalable solution for businesses and individuals.

In 2021, NEM expanded its ecosystem with the launch of Symbol (XYM), a next-generation blockchain platform. However, XEM remains active and continues to trade on major exchanges, offering a reliable option for users seeking low-cost transfers and asset management tools.

Who Created NEM and When Was It Launched?

NEM (short for New Economy Movement) officially launched its mainnet in late March 2015, with sources citing March 28 to 31, 2015 as key launch dates. The project began in 2014 when a BitcoinTalk user known as "UtopianFuture" proposed forking NXT to build a more scalable, developer-friendly blockchain. The concept quickly evolved, and a fresh codebase was created to support enterprise-grade features like mosaics, namespaces, and multisignature accounts.

The initiative was led by a community-driven core team rather than a single founder. Prominent figures include Lon Wong, who became the first President of the NEM.io Foundation, along with Jeff McDonald, David Shaw, Alexandra Tinsman, Kristof Van de Reck, and Takao Asayama. The NEM.io Foundation, established in Singapore in 2017, continues to oversee development, promotion, and ecosystem growth.

NEM Roadmap & Major Milestones

1. 2015 – Initial launch of the NIS1 mainnet, introducing innovative features like Proof‑of‑Importance (POI), mosaics, namespaces, and EigenTrust++ reputation systems.

2. 2018–2019 – Community incubator hubs launched (e.g., Melbourne), and the foundational roadmap for the Catapult upgrade (later branded Symbol/XYM) began.

3. 2020 Q1–Q2 – Official launch of Symbol (XYM), the next-gen blockchain with enhanced scalability, smart assets, aggregated transactions, and permissioned networks.

4. 2021 – Hard fork (often called Harlock) marked the shift toward rejuvenation, reinforcing XEM’s role while introducing Symbol’s PoS+ consensus.

5. Ongoing 2025–2026 goals – Focus is on expanding developer tools, cross-chain interoperability, DeFi integrations, and enterprise adoption, supported by continued upgrades and community-driven governance.

What Are the Key Uses for XEM Token?

The XEM token powers the NEM blockchain and serves multiple purposes within its ecosystem. It is primarily used to pay transaction fees, secure the network through harvesting (NEM’s alternative to mining), and incentivize active participation via its Proof-of-Importance (POI) system. Developers also use XEM to create and manage mosaics (custom assets), register namespaces (unique domain-like names), and enable multi-signature accounts for enterprise applications. Additionally, XEM facilitates low-cost, fast peer-to-peer transfers and notarization services on-chain.

On BingX, you can easily trade XEM tokens in the spot market by pairing them with USDT. Simply log in, search for the XEM/USDT pair, and place a buy or sell order using limit or market options for seamless transactions.

What Is NEM Tokenomics?

NEM (XEM) has a fixed total supply of 8,999,999,999 XEM, all of which were pre-mined at launch in March 2015. This means no new tokens are created, making XEM a deflationary asset as lost or unused tokens reduce the effective circulating supply over time. Unlike blockchains that rely on mining rewards, NEM uses its unique Proof-of-Importance (POI) consensus to distribute transaction fees as rewards to harvesters.

There is no inflation or token minting mechanism. Instead, users earn XEM by participating in network validation (harvesting) after vesting at least 10,000 XEM in their wallets. The token’s utility extends beyond payments and fees; it supports asset creation (mosaics), namespace registration, multisig contracts, and acts as the fuel for running applications on NEM’s Smart Asset system.

What Blockchain Network Does NEM Operate on?

NEM (XEM) operates on its own proprietary blockchain network called NEM NIS1 (New Economy Movement Infrastructure Server 1), which launched in March 2015. Built from scratch in Java, NEM NIS1 is designed for high efficiency and scalability, supporting enterprise-grade features like multisignature accounts, encrypted messaging, mosaics (custom assets), and namespaces (unique domain-style naming). It uses a unique Proof-of-Importance (POI) consensus mechanism that rewards users for both holding and transacting XEM, enabling energy-efficient validation through “harvesting” instead of traditional mining.

Which Wallets Support XEM Tokens?

The easiest and most convenient way to store your XEM tokens is directly on BingX. By keeping XEM in your BingX account, you can quickly access trading pairs, manage your portfolio, and enjoy the platform’s built-in security features like two-factor authentication (2FA) and withdrawal whitelists. This option is ideal for active traders who want to move seamlessly between buying, selling, and holding without needing an external wallet.

For long-term storage or added control over your private keys, you can use non-custodial wallets that support NEM’s NIS1 blockchain. Popular choices include Symbol Wallet (formerly NEM Wallet), Atomic Wallet, and Trust Wallet for mobile and desktop users. Hardware wallets like Ledger Nano S/X also support XEM through integration with the NEM NanoWallet, offering offline cold storage for maximum security. These wallets allow you to participate in NEM features such as harvesting, multisignature accounts, and managing mosaics directly from your device.

Is NEM (XEM) a Good Investment?

NEM (XEM) stands out for its innovative technology and energy-efficient consensus mechanism, Proof-of-Importance (POI). Unlike traditional proof-of-work blockchains, NEM rewards active network participation through “harvesting,” making it accessible even without high-end hardware. Its Smart Asset System offers flexible tools for creating custom tokens (mosaics), registering unique namespaces, and deploying multisignature accounts, which appeals to businesses seeking blockchain solutions. These features give NEM real-world utility beyond simple transactions, positioning it as a scalable and cost-effective platform for enterprise use cases.

Additionally, XEM’s fixed total supply of 8.999 billion tokens makes it a deflationary asset over time, as no new tokens are minted and lost coins reduce the circulating supply. With its history as one of the earliest blockchains to innovate beyond Bitcoin and Ethereum, and its continued relevance alongside the Symbol (XYM) upgrade, NEM remains attractive for investors seeking a blend of stability and utility. However, as with all crypto assets, investors should consider market volatility and perform due diligence before investing.

Information source

Official Website

Whitepaper

NEM (XEM) Price Converter

XEM to USD

1 XEM = $ 0

XEM to VND

1 XEM = ₫ 79.30

XEM to EUR

1 XEM = € 0

XEM to TWD

1 XEM = NT$ 0.08

XEM to IDR

1 XEM = Rp 49.62

XEM to PLN

1 XEM = zł 0.01

XEM to UZS

1 XEM = so'm 38.31

XEM to JPY

1 XEM = ￥ 0.44

XEM to RUB

1 XEM = ₽ 0.24

XEM to TRY

1 XEM = ₺ 0.12

XEM to THB

1 XEM = ฿ 0.09

XEM to UAH

1 XEM = ₴ 0.12

XEM to SAR

1 XEM = ر.س 0.01

NEM Price Converter

How to Buy NEM (XEM)

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Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.

Fund Your Account

Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.

Trade Now

Now that your account is funded, you can seamlessly trade NEM XEM and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy XEM Guide

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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