Review on NEM by Paul Maduagwu
NEM was making a product to build value. Trustworthy.
NEM is its own blockchain which i commend. Its not easy to stand out if a project isnt ERC20. NEM has the ticker "XEM". My favourite feature of NEM is its decentralization, its highly community driven, and the blockhain has low fees for easy transacions.
Though NEM has been somewhat dormant, not until the announcement of the SYMBOL $xym airdrop, and activity picked up again. Especially the price picked up as many people naturally bought more NEM to take part in the airdrop.
NEM is a powerful blockchain no doubt, and SYMBOL which they have been working on quietly shows the team thinks long term. Build the product and the value will follow. I am excited for the future of the project as they are already announcing some big companies getting ready to support their blockchain.
The snapshot happens in two days (12 march 2021), there is also a chance of the price plummeting afterwards in my opinion. Its worth noting, but long term NEM is looking good.
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Pros
- Cheap transaction fees.
- Support on pouplar wallets like coinomi, Atomic and ledger.
- Support on popular exchanges.
- Working product used in the real world. Good developer support especially with its latest product- Symbol.
- Good community activity. It promotes safety of investment.
Cons
- Right now there is a lot of hype around its Symbol product. How its been tested and trusted not to fail. If it does, or doesn't meet the hype NEM could lose investors.
