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The dual-layer blockchain platform, the New Economy Movement (NEM) was launched in 2015 and is a payment platform that supports multiple ledgers. The platform is very similar to Ethereum, in that it is dual-layer, however it is created in Java instead. The native coin of the platform (XEM) is mined through using an algorithm called proof-of-importance.
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XEM
24H Change
24H Volume
Global Rank
#337
Market Cap
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NEM Price
About NEM (XEM)
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How to Buy NEM (XEM) in Australia
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NEM FAQs
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Where is the best place to buy NEM?
The best place to buy NEM is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade NEM and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
How is the price of NEM determined?
The price of NEM is determined by the forces of supply and demand in the market. Similar to other assets, the price of NEM is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for NEM are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
Can I buy NEM with credit card?
Swyftx does not allow you to directly buy NEM with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy NEM instantly.
Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.