A quick look at cryptocurrency #4 NEMsteemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

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  • NEM is a 3rd generation cryptocurrency (blockchain has been designed from scratch)
  • There is almost 9 billion of coins in circulation
  • NEM has one of the lowest transaction fees - 1% of the amount that we want to transfer, which is great for micro-transactions
  • Transaction fee is received by Harvesters
  • Harvesters are responsible for the same thing as miners with Bitcoin - but their payment is not in cryptocurrency, but in transaction fees
  • To become a Harvester you have to freeze 10,000 NEM (around $2000)
  • NEM also has Super-Node feature. What does this title enable you to do? You have a vote concerning all of the project further development. How to become one? You have to freeze 3,000,030 NEM. The list of all of the Super-Nodes is avaiable here https://nemnodes.org/nodes/
  • Sadly, NEM transactions are not the fastest in the business, system is able to handle 2-3 transactions per second
  • NEM has an official wallet
  • The team behind NEM is one of the most active ones in the business, news are comming out pretty much on a daily basis.

We've got the main stuff behind us, let's focus on money!
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  • NEM was launched on 1st of April 2015
  • Starting and the lowest price were less than 1 cent
  • The biggest price $0.34
  • Current price $0.20

Investment aspect:

  • NEM is a great project that currently is rated tenth by marketcap
  • An opportunity to download an official wallet is a big advantage
  • We don't have to fear the developer's greed, cause if NEM loses it's value, they are losing their own money
  • Amount of coins is a huge obstacle - 500x more than Bitcoin has

Let me know what do you think about NEM

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