NEM
Smart Asset Blockchain for Businesses
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
NEM Price Chart
About NEM
NEM (XEM) is a blockchain platform and cryptocurrency launched in 2015, known for its Proof of Importance (PoI) consensus mechanism — an innovative alternative to Proof of Work and Proof of Stake that rewards actively transacting users rather than just large holders. NEM pioneered the concept of 'smart assets' — configurable assets on the blockchain representing any type of value. Features include mosaics (custom tokens), namespaces (human-readable addresses), and multi-signature accounts. XEM is the native currency used for transaction fees and harvesting (NEM's term for block validation). NEM's team later created Symbol (XYM) as its next-generation successor.
History
How to Swap XEM
Swapping NEM (XEM) on SyntheticSwap is simple and requires no registration or KYC. Connect your personal crypto wallet, select XEM as your source or destination asset, enter your receiving wallet address, and confirm the live exchange rate. Once you send XEM to the deposit address provided, SyntheticSwap processes the exchange automatically and delivers the destination asset directly to your wallet. No personal information is collected — fully non-custodial from start to finish.
How to Store XEM
XEM is stored in NEM-compatible wallets. The NEM Desktop Wallet (nemplatform.com) is the official client with full features. NEM Mobile Wallet provides on-the-go access. Trust Wallet supports XEM natively. Ledger hardware wallets support XEM via the NEM Ledger app. NEM uses unique address format: 40-character alphanumeric addresses starting with 'N'.
