What is NEM?

The New Economy Movement is a community-driven effort to realize financial freedom, decentralization, and equality of opportunity, united in solidarity. Part of NEM is a brand new 2nd-Generation cryptocurrency build from the ground up to solve some of the most important problems in the crypto-space.

Special features

  • NEM is built 100% from scratch and is not a fork of Bitcoin or Nxt.
  • NEM improves different features of Bitcoin and Nxt, being more efficient and environmentally friendly.
  • NEM 100% innovative Proof-of-Importance algorithm.
  • NEM business rules.
  • NEM Eigentrust++ peer reputation management.
  • NEM improved decentralized asset exchange.
  • NEM one click, auto-updatable install client.
  • NEM simple mobile wallet for both IOS and Android.

How many coins will each stakeholder get?

NEM will have a maximum of 4 000 000 000 coins, all distributed with the genesis block. Each NEM coin will be divisible to 6 figures (i.e. the smallest amount of NEM is 0.000001 NEM). The total supply will be distributed as follows:

  • 71% – distributed to stakeholders on the final stakeholder list.
  • 10% – reserved for the core development team to fund development of the NCC and NIS up to the release of V.1 of the blockchain.
  • 10% – reserved for the core development team to fund development of the NCC and NIS after the release of V.1 of the blockchain.
  • 5% – reserved for the extended development team; those who are working on promoting NEM and the NEM ecosystem.
  • 4% – auctioned off at a later date.

NEM Alpha Wallet

  • You can download the wallet and find more info here: Alpha info

How to claim a NEM stake

  • Please follow the procedure outlined in the Token Request Procedure post for claiming a NEM stake on the Nxt Asset Exchange.

How to buy a NEM stake

 

A note from the archive

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