NEM (XEM), Java-based and a dual-layer blockchain network, made a distinctive entry into the market in 2015 with a novel concept as its name suggests – the New Economy Movement. In addition to supporting multiple distributed ledger networks, the NEM main network also has a unique protocol named the NEM Smart Asset system. Nodes within the NEM Blockchain network are directly a part of this system.
The increasing frequency of searches for terms such as “How to buy XEM Coin, NEM Coin, Purchase XEM Coin” on Google indicates promising prospects for the future of NEM Coin. What is this increasingly popular XEM Coin, and what can be said about the future of NEM Coin?
What is NEM (XEM) Coin?
As mentioned earlier, the NEM protocol has two layers: a public network open to all, and a second, permission-required private network. Both blockchain networks are interconnected. What sets NEM apart from other crypto projects is its unique consensus algorithm, distinct from imitating projects like Bitcoin and Ethereum. NEM uses a model called Proof-of-Importance (POI), which offers significant scalability and growth opportunities for XEM Coin.
The POI measures the significance of users based on the amount of XEM Coin they hold and the volume of transactions in their wallets. Hence, NEM users are consistently increasing their XEM investments, creating an unending circulation within the network.
NEM Coin Analysis
According to experts, purchasing NEM Coin can be considered a regret-free decision for long-term investment. Its unique consensus protocol and the inclusion of two distinct networks could potentially lead to profitable outcomes for XEM Coin investors.
So, how can one purchase XEM Coin? XEM Coin can be directly acquired through Binance, one of the world’s largest cryptocurrency exchanges.
How to Buy NEM Coin
To purchase NEM Coin through Binance, you need to follow these steps:
- To buy XEM, you must first deposit dollar balance into the exchange or purchase a cryptocurrency that can be used in its place. For this, go to the Binance homepage, click on the “Buy Crypto” option in the top left, and select the “Credit/Debit Card” tab.
- In the tab that opens, select how much USD you want to transact with, and then mark Bitcoin, that is, BTC, in the Coin section.
- After purchasing BTC, preview the “Trade” option at the top left and click on the “Classic” tab.
- In the section that opens, select the BTC tab from the top right, type XEM in the search button, and select the XEM/BTC pair that appears below.
- Then, go to the “BUY XEM” tab in the middle, enter the amount you want to purchase.
- Enter the desired amount and confirm the transaction to complete the XEM purchase.