NEM (XEM) Cryptocurrency Economic Model and General Information

What does it do?

NEM is the Smart Asset blockchain for managing data.

Key Features

Consensus mechanism and Supernode program ensure that NEM is open, public and can grow with no impact on throughput or stability

Existing business logic code can easily use blockchain where it’s strongest

Smart Asset system allows modular customization for virtually any application.

Eigentrust++ and an incentivized public node network based on its two-tier architecture makes NEM a secure and stable platform

General information

Economic details

Crypto Currency Price (Euro) 24H % Change

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Initial Funding & Distribution Ticker XEM Token Type Cryptocurrency Total Supply Given Away/Sold to Initial Stakeholder 8 999 999 999 XEM was distributed to initial stakeholders and to several multi-signature secured funds Total Amount Raised Initial fund raising = 66.2 BTC + 419,697 NXT (minus some refund) Price During the Crowdsale n/a Hard Cap n/a Whitepaper https://whitepaperdatabase.com/nem-whitepaper/

https://nem.io/wp-content/themes/nem/files/NEM_techRef.pdf Token Distribution 73.84% (6 645 719 692 XEM) were claimed by stakers

26.16% (2 354 280 307 XEM) were unclaimed and transferred to Sustainability Fund Sustainability Fund (Unclaimed Stakes) Distribution 37% NEM Sustainable Ecosystem Loop Fund (NEMSELF)

14% Mobile Application and NCC Development

13% Community Fund

9% NIS Node Rewards

9% Silver Coins for Distribution to Stakeholders

9% Unconventional Marketing

9% Operational Costs Fund II Distribution of Funds raised no info Call for Participation Date October 4, 2014 Sources: https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

https://forum.nem.io/t/not-claiming-nemstake-why-it-is-no-longer-possible-and-the-history-of-the-process/2859

Social Media

Team

Title Name Linkedin President & Head of North America Alexandra Tinsman Executive Secretary Jason Lee Treasurer / Head of Middle East Dona Rinon Council Member / Cofounder Jeff McDonald Founding Member Lon Wong Founding Member Kailin O'Donnell Founding Member Erik Van Himbergen Founding Member Leon Yeoh Founding Member Kristof Van de Reck Founding Member Ronel Li Founding Member Ken Chan Founding Member Clayton Bittle

Development

Total number of Commits 11 276 Commits (32 Repositories)

Partners

Tech Bureau Corp. – a cryptocurrency and blockchain development company.

Dragonfly Fintech – a blockchain solution, providing a platform service for local or international payments and settlements. Long Wong is the founder and CEO at this firm.

Altaura Blockchain – a leading technology company that specializes in development, integration and maintenance of Blockchain.

Blockchain Global – a company that provides various service for blockchai companies to grow.

Kchain – a blockchain consulting company based in South Korea.

LuxTag – a company that provides digitized certificates via Blockchain to owners of the assets. Jeff McDonald is the founder of this firm.

Sumeru Inc. – a global consulting company that provides services in cyber security, data analytics and cloud based solutions.

dtk.io – a framework for managing IT tasks and workflows.

Asta Solutions – Australian company providing end-to-end IT services.

RapidQube – a company focusing on next generation, disruptive technology solutions leveraging a range of blockchain platforms and the associated front-end, middleware and back-end technologies that bring a complete blockchain ecosystem to life.

Zeus Exchange – bridge global financial markets and crypto.

He3Labs – a technology consultancy and development firm. Clayton Bittle is the Board Director at this firm.

iCentric – an integrated, full service digital agency.

Competitors

ARK – a sandbox that provides users, developers and startups with blockchain technologies.

AION – a platform for building decentralized applications.

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

NEO – a smart economy platform where users can digitize assets using the decentralized network of blockchain technology and digital identity.

Lisk – a blockchain application platform that helps developers to build blockchain applications and deploy their own sidechain linked to List network.

Komodo – end-to-end blockchain infrastructure solution provider. It features a multi-chain architecture which provides each project with independent infrastructure and dedicated blockchain.

Potential market and clients

The potential in growth depends on how high the demand of digitizing assets will be in the future.

Utility and economic dynamics