+15.83% growth: How to Buy NEM (XEM) – A Step by Step Guide
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What is XEM?
NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is 'harvested' using its POI (Proof-of-Importance) algorithm. The 'importance' of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet. NEM also has an encrypted P2P messaging system, multisignature accounts, and an Eigentrust++ reputation system.
Currently XEM is being ranked 25 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged a hefty 15.83% at the time of writing.
XEM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy XEM.