• NEM stands for New Economy Movement. According to the team, NEM aims to "service enterprise blockchain markets and extreme versatility in servicing diverse markets".

  • XEM is the native currency of the NEM public blockchain, which was launched in 2018.

  • It is used to pay for transactions on the NEM public blockchain. It is used to incentivize the network of public nodes to process and record transactions for participants.

  • According to the team, its core characteristics are zero-inflation (the amount of XEM tokens in the ecosystem is fixed), scalability (owing to a high TPS ~ 4,000 TPS), ecosystem support (through the harvesting of XEM tokens), and power-efficiency (with negligible electricity and hardware costs relative to PoW blockchain).

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