NEM is a blockchain-based peer-to-peer cryptocurrency and a development platform. It was originally launched in March 2015 by a group of anonymous developers. The code of the platform was written in Java with a C++ version in the works.

The name of NEM cryptocurrency is an abbreviation of the phrase “New Economy Movement”, which is essentially the motto of the platform.

For storing NEM (XEM) it is recommended to use the official NEM wallet - NEM Nano Wallet.

Nowadays XEM is among the leading crypto coins by crypto market capitalization. Today NEM price is 0.03960 USD. You can buy NEM crypto at StealthEX exchange with a low fee.