In many occasions, people who do not know blockchain and the projects that surround this technology, ask how it is calculated or who decides the value of a cryptocurrency, or why the price of one crypto is 100 times higher than the price of another.
One of the reasons that give this value to cryptocurrencies is the project they are associated with and the applications that this brings to the real world. That is why this time we have decided that the Crypto of the Month is NEM [XEM] a project whose value is more than justified due to all that it offers.
NEM is a project that gives a multitude of applications so that companies from any sector can take advantage of its technology in an easy and efficient way. Thanks to this technology, they will be able to create, for instance, any commercial transaction system in the blockchain with minimal development.
Disclaimer: The section “The Crypto of the month” should not be used as an investment advice, since the projects promoted in it are based exclusively on the criteria of the Crypto Economy team, we are not responsible for the use that is made of the shared information.
NEM [XEM]: The Crypt of the Month (July 2019)
The blockchain system of NEM uses a Proof Of Importance (POI). POI is a consensus algorithm in the core of the NEM software. The greater its importance, the greater its chance of being able to calculate a block (and collect the fees within that block).
Its blockchain was designed and coded from scratch to grow without compromising performance or stability. NEM’s Smart Assets modular system allows companies to build an incredible variety of applications in the real world.
Thanks to this system that allows to fully customize the way you use the NEM blockchain, the platform allows to create a multitude of applications, such as: ICOs, decentralized authentication systems, logistics tracking or financial technology systems, among many others.
Behind the NEM project, there is the XEM cryptocurrency, which is the native currency of the blockchain of the platform. It is currently in the Top 20 of the most capitalized cryptocoins in the market. Its supply is of 8,999,999,999 XEM and its historical maximum was reached on 04/01/2018 where it had a value of $2.09.
The Crypto of the Month: NEM – Crypto Economy Giveaway – 2,000 XEM in prizes!
In this contest 2,000 XEM will be distributed among 5 winners, said prizes will be divided as follows:
- First Prize 1,000 XEM
- Second Prize 400 XEM
- Third Prize 200 XEM
- Fourth Prize 200 XEM
- Fifth Prize 200 XEM
If you want more information about the project, you can read these articles related to NEM, among them we can highlight an exclusive interview for Crypto Economy by one of the founders of the project, Lon wong.
Terms and conditions of the contest
The contest will be carried out through the Gleam platform where we will propose a series of actions (click on like, retweet, visit a page …), which will be assigned tickets to the participants, once the contest is finished, the application will make a random selection of tickets from which the winners will be chosen, so that the more tickets have been obtained the greater the chance of winning one of the prizes.
The period of participation in the contest will begin on July 5 and end on July 31.
You can read the general rules of our contests in the following link: https://crypto-economy.com/contests-legal-rules/
The winners will be announced on the following networks: