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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

NEM coin is currently listed #5 on coinmarketcap.com.
It’s price is $0.13 per coin, the circulating supply is right on the verge of 9 billion coins, the 24hour volume is at 12million and the total market cap for NEM is 1.1 billion dollars.
If you notice there is one asterisk next to the circulating supply of any coin listed on coinmarketcap.com, that means the coins is no longer mineable.
If you notice 3 asterisks next to the circulating supply of a coin, that means it has been significantly premined.

In addition to being a cryptocurrency, NEM also labels itself as a solution platform. They offer payment systems, encrypted and non-encrypted messaging, asset making and they also provide a naming system.
Since I covered the topic of nodes in my last video I’ll also explain how NEM has figured out a way to require less computing power and energy, and you’ll be rewarded for running a node. They call this harvesting. You can also run what is called a Supernode, and this program rewards you for running a high-powered node that serves both light and mobile wallets.

Harvesting is a process where a node calculates blocks and adds them to the blockchain.
A block contains all transactions that were sent in the last minute.
So that means a block is calculated every minute. The node can then keep all included transaction fees.

The requirement for harvesting is that the user account needs a vested balance of at least 10,000 XEM.

If you decide to take part in harvesting for NEM, you’ll learn that once harvesting is started, you don’t need your wallet to stay open in order to continue to harvest.
It can be closed and the wallet does not need to be online.

Now let’s take a look at their Supernode program.
This program is funded with the XEM reserved during the Nemesis block. These are the nodes that allows anyone using a light client to connect to the NEM network securely and make transactions safely.
As the name suggests, Supernodes are high performing, reliable nodes. They are regularly tested to ensure they are maintaining their high standards.

NEM uses 64 bit java, so this means you’ll be able to run the NEM software on popular operating systems that support Java, like Windows, Mac OS X and Linux.

You can get XEM at the following exchanges with BTC:
* Poloniex
* BTC38
* Bittrex
* Bitcoin.co.id
* BTER

NEM coin:

Home

coinmarketcap:
https://coinmarketcap.com/currencies/nem/

NEM blog:
http://blog.nem.io/

Motherboard article: https://motherboard.vice.com/en_us/article/this-cryptocurrency-doesnt-want-to-beat-bitcoin-it-wants-to-beat-the-economy

Bitcointalk post: https://bitcointalk.org/index.php?topic=654845.0

FAQ’s:
https://www.nem.io/faq.html

NEM white paper: http://nem.io/NEM_techRef.pdf

source

41 COMMENTS

  1. Do you harvest NEM? that's amazing.

    Btw, love your videos. you're my 1 source/guide for crypto this days.

    You keep it clean, simple and in plain English.

    Do you know any similar Tokens/Coins that have a similar method to the NEM Harvest? where you keep minimum amount of coins on your wallet and get harvest/revenue/commission/etc while closing your wallet ?

  2. Ladies and gentlemen, brothers and sisters, comrades and friends! POI system not only rewards those with a large account balance, but also takes into account how much they transact to others and who they transact with. In order to increase your PoI score, send more transactions to more people. Help me with several NEM and increase your importance. NCPC6Q-R4IW7N-PSMUJH-DMJIUF-YAGH6F-4HH7KP-OAJY Thank you!

  3. I've tried to purchase some XEM with USD using Visa but it doesn't work. There is some sort of weird security system in place that won't accept my Visa debit card. Then they require you to take a video of yourself with your Visa card and your passport for verification and upload it! Too much hassle. If you know of a way to purchase XEM with USD I would like to know. I suspect there are others who like to know as well.

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