NEM launched in 2015 as a blockchain platform and was one of the pioneers of the cryptocurrency industry, seeking to improve on the faults other crypto exchanges had at that time. It was one of the first complete chains to feature namespaces, user-defined tokens “mosaics”, a P2P reputation system and multi-signature accounts.
It works on the proof-of-importance consensus mechanism, a new invention at the time, which rewarded on-chain activity and deterred the concentration of wealth, which was associated with the proof-of-stake (PoS) mechanism.
The NEM coin is XEM, which aims to be a fundamental value which allows users to conduct blockchain transactions.
NEM (XEM) price history shows the highest value of 0.78 USD . We recorded this price on March 4, 2021, but we cannot exclude that a higher price was registered before February 3, 2021.