1 Level
11 Review
4 Karma
Review on NEM by Redefined Vault
Currency Economics: NEM has a capped currency volume (8,999,999,999). This…
Currency Economics: NEM has a capped currency volume (8,999,999,999). This reduces the inflationary pressure of currency volume expansion. Moreover, harvesting (made possible at 10,000 XEM) provides an incentive for individuals to hold XEM and use of XEM as a currency is encouraged through the harvesting mechanic. These factors indicate that NEM has scope for rapid price acceleration due to an incentive to hold.
Pros
- Price spike is inevitable as various incentives for holding is involved
Cons
- Less processing of transactions compared to eth
