One of the things that sets the New Economy Movement (NEM) apart is its “Proof of Importance” (PoI)
algorithm. Unlike PoW, which requires miners to use significant processing power to get new coins, or PoS,
which requires users to already own a certain amount of coins in order to get new ones, PoI actually
encourages users to spend their coins.
The PoI algorithm tracks a user’s transactions to determine how important that user is to the overall NEM economy. Bitcoin has been considered “digital gold,” and one of the main reasons for that description is its limited number of coins (a maximum of 21 million can ever be created).
This means that Bitcoin’s value should keep rising over time as long as more people start buying Bitcoin. This should encourage a large portion of those who buy Bitcoin to hold it long term as opposed to spending it to purchase products.
NEM, on the other hand, encourages owners of its coins to spend them fast and furiously in order to gain
even more NEM coins.
Max Supply: 8,999,999,999
Circulating Supply: 8,999,999,999
Total Supply: 8,999,999,999
Cryptographic Algorithm: –
Issue Date : 2015-04-01
Source Code: https://github.com/NemProject
Issue Price: –
White Paper: https://resource.bnbstatic.com/books/20180227/1519718483213.pdf
Explorer 1: http://chain.nem.ninja/#/blocks/0
Explorer 2: http://explorer.nemchina.com/
Receive FREE Auto Crypto Trading Signals 24/7