1. Project introduction

NEM is a smart contracts platform focused on high performance and enterprise solutions, a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system.

The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.NEM technology allows multiple ledgers to coexist on one blockchain. Thanks to NEM Smart Assets users can create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.In 2017 the NEM Foundation opened a center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space.

2. Team introduction

Founder: Lon Wong

Linkedin: https://www.linkedin.cn/incareer/in/lonwong1

3. Investment institution

ChainFunder

4. Application and distribution

Total supply: 8,999,999,999

Token application:

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.

Token distribution:

Stakeholders: 53%

Development fund: 21% (which was set up to allow the development team to best advance the NEM blockchain, its features, and adoption)

Sustainability fund: 26% (it is stated that the Sustainability Fund is reserved for the development of the NEM platform and community only and should not benefit anyone on the core team personally)