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
| Company Name | NEM.io Foundation Ltd |
| Incorporation date | December 1, 2016 |
| Incorporation Address | 57, Mohamed Sultan Road#01-05Sultan-LinkSingapore, 238997 |
| Website | https://nem.io/ |
| Blog | https://blog.nem.io/ |
| Phone | 1800-777-1992 |
Economic details
| 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
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Team
| Title | Name | ||
|---|---|---|---|
 | 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
- Fees for transactions are paid in XEM
- User must hold at least 10 000 XEM in order to harvest(earn interest)