NEM company info

What does NEM do?
NEM (CRYPTO:XEM) stands as a versatile blockchain platform designed for the creation and implementation of decentralized applications (dApps). Its core features are scalability, security, and user-friendliness, making it an attractive choice for developers and businesses. At the heart of NEM is its unique consensus mechanism called Proof-of-Importance (PoI), which rewards network participants based on their contributions. NEM's operations are upheld by a global community of developers and users, with guidance and support provided by the NEM Foundation, a non-profit organization. NEM fuels various dApps, including Symbol, the native token used for transaction fees and PoI participation, Mosaic, which allows for the creation of custom assets, and Catapult, an upcoming, more scalable and secure version set for a 2023 launch. NEM's primary objectives encompass delivering a scalable, secure, and user-friendly platform for dApp development, promoting blockchain technology adoption among businesses and consumers, and actively contributing to the overall growth and development of the blockchain ecosystem. With its innovative approach and community-driven model, NEM continues to play a significant role in the ever-evolving blockchain landscape.
Company Snapshot

How many people does NEM employ?

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Employees
11-50

What is the market cap for NEM?

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Market Cap
$335.44M

Where is the head office for NEM?

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Head Office
Singapore

What year was NEM founded?

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Year Founded
2015
What does NEM specialise in?
/Medium of Exchange /Payments /PoI /Smart Contracts

What are the products and/or services of NEM?

Overview of NEM offerings
Asset management: NEM can be used to manage assets, such as stocks, bonds, and loyalty points.
Cross-chain compatibility: NEM is compatible with other blockchains, such as Bitcoin and Ethereum, which allows users to transfer assets and data between these blockchains.
Decentralized applications (dApps): NEM can be used to build and deploy a variety of dApps, including decentralized exchanges, financial applications, and social media platforms.
Payment processing: NEM can be used to process payments quickly and securely, with low transaction fees.
Smart contracts: NEM enables developers to build and deploy smart contracts using the Solidity programming language.
Supply chain management: NEM can be used to track the movement of goods and materials through a supply chain.
These services make NEM a valuable platform for a wide range of users, including developers, businesses, and consumers.

Who is in the executive team of NEM?

NEM leadership team
  • Baha
    Baha
    Core Team
  • BloodyRookie
    BloodyRookie
    Core Team
  • CryptoBeliever
    CryptoBeliever
    Core Team
  • Gimre
    Gimre
    Core Team
  • Hatchet
    Hatchet
    Core Team
  • Jaguar
    Jaguar
    Core Team
  • NEMBear
    NEMBear
    Community Member
  • RadioRadio
    RadioRadio
    Community Member

NEM organisations

NEM organisations
The Symbol Syndicate
The Symbol Syndicate