What is NEM (XEM)?
NEM (New Economy Movement) is a blockchain network that is a fork of another blockchain called NXT. Yet, since its inception in 2015, NEM has since forged their own path and created a different blockchain with their own codes, aiming to build a more advanced, faster, and more scalable network powered by the XEM token. It introduces two new concepts to the world: Proof of Importance and Harvesting. With these two pillars, NEM effectively sets itself apart from other blockchains and stays among the top crypto projects.
How NEM (XEM) Works
Proof of Importance (POI) is the unique consensus mechanism of NEM. It takes into account the XEM balance, time holding XEM, as well as transactions made within the network, to send rewards to those who help the NEM economy. POI also decides who is permitted to create new blocks.
The process of creating new blocks and receiving transaction fees as rewards in NEM is called Harvesting. While it bears much resemblance to mining, harvesting does not mint new XEM tokens.
How Many NEM (XEM) Tokens Are in Circulation?
XEM is the native token of the NEM blockchain network. The total supply of XEM is 9 billion and 100% is being circulated.
How to Buy NEM (XEM)
Consider investing in NEM (XEM)? It only takes 2 minutes to create an account on Bitget and start trading XEM.
Check out the available XEM trading pairs on Bitget!
Futures market
Spot market
NEM (XEM) Resources
Simple 3-step guide to buying XEM today in Zambia
Create your free Bitget account
Select a funding method
Complete your NEM purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for NEM using a payment method of your choice:
Buy NEM with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your NEM order.
How to buy crypto with credit/debit cardBuy NEM with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into NEM is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your NEM order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your NEM order.Buy NEM with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your NEM order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor NEM in your Bitget spot wallet
Bitget—where the world trades NEM
How to buy NEM for free
- Learn how to earn NEM for free through the Learn2Earn promotion
- Earn free NEM by inviting friends to join Bitget's Assist2Earn promotion
- Receive free NEM airdrops by joining On-going challenges and promotions
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FAQ
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