NEM (XEM) is a cryptocurrency developed for the New Economy Movement network. The main distinctive aspect of NEM is its unique consensus mechanism. It uses a variation of the Proof-of-Stake consensus mechanism known as Proof-of-importance (POI). Here the weight of each node is based on both the corresponding wallet balance and its network ability.
NEM’s architecture is designed to be highly scalable making it capable of handling thousands of transactions per second. Some of the stand-out features of NEM include multi-signature accounts, encrypted messaging, a notarization and a time stamping system called Apostille. NEM’s built-in messaging system allows users to send and receive messages, files and even cryptos in an encrypted manner.
NEM has several use cases which explains the level of demand it has experienced. The token can be used for supply chain management, and to create secure and transparent voting systems. XEM tokens can also be used to create in-game assets owned by players. Lastly, users can send and receive XEM tokens as payments. Interested people who want to buy NEM can take a look at the sections below.
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For those wondering how to purchase NEM securely, you’re in luck. There are several sources from where you can get XEM tokens owing to their popularity. The safest way is to get them is from a regulated and licensed cryptocurrency exchange. Also, one can also go for Peer-to-peer platforms where users buy and sell NEM directly with each other.
Lastly, two other lesser-known sources of getting NEM are crypto ATMs and over-the-counter desks. However, there is still much time needed for the latter two methods to be popular. Finally, to buy NEM instantly, users can simply choose a crypto exchange that supports debit or credit card payments.
As mentioned before, some of the safest ways to buy NEM is to use a debit or credit card. When it comes to a debit card, there are additional advantages to be had. The first reason is obviously convenience, as it saves users a lot of time by letting users buy NEM with debit card instantly.
Additionally, using debit cards means that users aren’t exposing their delicate banking information to third-party payment processors. Debit cards have provided users access to a wider variety of trading platforms and exchanges as it doesn’t require linking bank accounts.
Many people prefer to buy NEM online with credit card for different reasons. While many do it because it’s a faster process, others do it for convenience and security. Depending on the exchange, it can be a very quick and easy process as explained in the steps below.
To buy NEM with credit card instantly, users must be aware of any extra fees that the card issuer or the exchange is charging for the process.
After following the above process to buy NEM, there are several things one can do. Currently valued at $0.03753, NEM has been bought as an asset to hold by many traders. The NEM token can also be used by developers to create DeFi solutions including borrowing, lending and trading platforms.
Additionally, there are a number of merchants that accept XEM tokens as payment. Merchants include Travala, Cybrosys Technologies, NEMchange, Cambio, MyWish, LuxTag, Zeux and others.
The flexibility and scalability which this crypto possesses make it a shining prospect for building a wide range of dApps and other applications that solve real-world problems.
