Review on NEM by Sudais Quadri
NEM- The smart contract project
Nem is a crypto platform that focuses on helping users to manage their assets and currency at a cheap cost. It is a decentralized platform running on a peer-to-peer network. It was launched in 2015, running almost like ethereum but biult with a different program, Java. NEM works with smart contract consensus to becone a smart asset platform. NEM has a token which can be mines using the Proof-of-Importance mechanism. It runs on a blockchain technology and hopes to promote the use of blockchains in future. A NEM coin costs 0.1$ as of now. Nem is a very profitable investment platform with high risk but greater returns. Storage of NEM is very selective, as it only supports the Nano wallet. So you should consider this very well. Security here on NEM is very standard, since your tokens are linked directly to your nano wallet. NEM is not really well known as the developers are anonymous and hidden. NEM token, XEM can be traded and exchanged on various platforms like the CoinBase, Binance and Yobit and
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Pros
- It is a good investment idea
- it Works on blockchain technology
- It has its own independent blockchain
Cons
- It is not very popular
