On Alts #2: What's So Special about NEM XEM?

in altcoins •  7 years ago  (edited)
  • stable growth during long period of time
  • 4th in capitalization rate
  • non-inflation coin: there are already 8.999.999.999 XEM in circulation and there will be no new coins
  • harvesting option: instead of mining, NEM XEM has harvesting, you need to have 10.000 XEM On your vested balance to be able to increase the number of your coins (passive loan) and your income doesn't depend on your PC power like it's with mining
  • strong and ambitious Japanese team
  • handy and useful mobile app-wallet in AppStore which can be integrated with desktop online wallet image
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Can you give more details about it's uses, like what you see it been used for in the future.

A currency like bitcoin?

A platform like ethereum? Is it Turing complete?

Does it have specialized uses like steem?

I can't predict the course it would take but it's always great to wonder. These posts would be like cards and I'll make later another post about platform-based and coin-based cryptos. I like your idea, it is great!

It is not like Ethereum. It provides an API to interact with the blockchain, instead. @anforo didn't say it, but both current implementation and upcoming Catapult release provide a huge speed.

So I like all the positives, but looking for both sides, can you tell me what the negatives are, or what challenges the coin will face?

There's no special challenge for XEM except the fact they are fourth and the question is can they hold the position?
Challenges of cryptos are the same for each.
These posts are like postcards giving you general positives (skills) of an altcoin.
Thank you for your remark!) it helps a lot. Maybe I'll make some post about altcoin's challenges and stress negatives there.

I think that the main disadvantage of NEM is the fact it is not providing any kind of virtual machine. NEM provides an API to interact with the blockchain, but it is only allowing developers to access accounts and tokens -NEM assets are called mosaics- and sending messages. There is no way to store data in the same way Ethereum is able to do.

NEM is a platform for building applications over the blockchain, not on it.

Also the transfer of this baby is very fast, you send and the receiver gets it very fast.
By end of year I can see it $1+

Yep, it's fast and comfortable. Commissions are good except that of Poloniex case when we pay 15 xem commission for withdrawal

Although I am a XEM holder, I think it will not get to 1 USD this year. My guess is that XEM will be 0.50 USD from the point Catapult is released -in the NEM blockchain, which will take place after they release it in the Mijin project-.

For the One dollar each XEM I think it is needed that some othe rproject shows what it is possible to build in the NEM blockchain.

Thinking about your comment make since and I think you are right, lets hope NEM does good.