Nem Price (XEM)
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Nem Price (XEM)
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About Nem
NEM is a stage dependent on a blockchain. Written in Java dialect, it was propelled in March 2015. It offers its clients an extensive variety of choices: installment administrations, informing, resource creation. With the end goal to approve the exchanges done on the system, NEM utilizes the POI ('verification of significance').NEM is the seventh-largest cryptocurrency by market cap. NEM is only two years old , but it’s a highly profitable investment. The XEM price increased 5,950% in 2017. The XEM price took flight in the first quarter and rose to a high of $0.29314. Then it hit a spot of turbulence, leading a sharp fall down to a low of $0.090656.This was followed by another steep ascent to $0.349178, which was in turn followed by another stumble. At the moment, NEM is hovering somewhere in the middle of $0.20 and $0.21.
Nem Price INR History
| Time | Price in INR | Change in % |
|---|---|---|
| 2020-06-03 | 3.49 | -1.22% | 2020-06-02 | 3.53 | -1.19% | 2020-06-01 | 3.22 | -1.40% | 2020-05-31 | 3.35 | -1.31% | 2020-05-30 | 3.19 | -1.43% | 2020-05-29 | 3.24 | -1.39% |
Nem Price History and Analysis
Nem Price in India (XEM Price in INR)
NEM is the primary private/open blockchain, which is a similar framework that was utilized to make Linux, generally acknowledged as a protected working framework in the business world. NEM was worked by experienced engineers and was worked for versatility and security from the primary day. NEM is additionally presently the main stage tried by banks and affirmed for monetary utilize. NEM is the seventh-largest cryptocurrency by market cap. NEM is only two years old , but it’s a highly profitable investment.
XEM price in INR in 2017
On 1st September, The NEM price in India was INR 21.18 and after that there was a decline in the NEM price in India and In September when there was fluctuation going on in the price of NEM in rupees. The team NEM was busy setting up and executing their SSL certificate and it closed the month September 2017 with XEM to INR 15.27. The NEM group alongside TREZOR had propelled the firmware or what can be called as a Nano Wallet which prompted enormous market hypothesis following which, NEM began off at INR at 15.57and at last the NEM Price in India reached at INR 69 on 31st December 2017.
Nem price in INR in 2018
In the beginning, the price of NEM in INR was 67.80 and the maximum price of NEM in India was INR 118.27 and the minimum price of NEM in rupees will be 6.41 and change in NEM Rate for November will be -22.2%.
Nem price in INR in 2019
In the beginning, Litecoin price in Inr was 4.41 and Nem price reached maximum of 6.94 on 17th May, 2019 and by the end of the year on 31st December 2019 it slid back to INR 2.27.
Nem price in INR in 2020
on 1st January 2020, Nem price started with INR 2.29 and has reached Highest by far on 12th February 2020 at INR 5.33 with sliding back to INR 2.32 on 13th March and recovering at INR 3.35 as on 1st June
Nem Features
NEM was designed from the ground up to scale. Scale for transaction speed and transaction volume, It handles 3,000 transactions per second.
In order to open a NEM account, a user only needs to download the wallet, this is a great advantage to those who cannot access banking services. NEM has the facility of Multi-Sig accounts, their advantage is that their funds can only be spent when a minimum number of co-signatories sign a transaction from each of their wallets. This functions similarly to a joint bank account. NEM Wallets can also be single sing wallets, only one person has access to the account. This advantage is common with 99% of cryptocurrencies.
Transaction fees are cheap at 0.1% fee of the transaction amount.
NEM transactions are completely traceable.
NEM has an encrypted messaging feature. Sending messages costs 1 NEM per 32 characters and takes around 17 seconds to be received. Such messages are also included with the blocks, thus are dependent on the block time to be included in the block chain which takes a maximum of 60 seconds. Encrypted message time in NEM varies.
The NEM blockchain allows for the creation of namespaces and subdomains.
The NEM blockchain allows for the creation of namespaces and subdomains.
Supernodes are servers which play an important role in the NEM network, they function as Peers of the Network and are tested and verified on a daily basis.
NEM incorporates much of the functionality of Emercoin.
The concept of PoI is associated with Proof-of-Importance. The importance means that the more rewards or harvesting that user should receive.
NEM has a community fund which is similar to Dash’s treasury fund. This fund is fixed and at this time is not replenished. Applications for use can be done here.
NEM has a system of spam protection.
Buy and sell Nem at the best price in INR
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