NEM for Flights
What is NEM and XEM?
In short, NEM is a crypto platform, and XEM is the cryptocurrency associated with it. NEM first developed when it forked out of NXT, before developing its own code from scratch. NEM was established by NEM.io foundation, a non-profit based in Singapore.
Can I mine XEM?
Unlike other cryptocurrencies, such as Bitcoin, XEM cannot be mined. It’s obtained through ‘harvesting’, a process designed by NEM. Every time a transaction is done on NEM platform, the first computer to see and verify it will notify other users, generating a block. Then, when someone who owns more than 10,000 ‘vested’ NEM generates a block, the transaction fees go to them.
What can NEM be used for?
NEM aims to be an easily customizable blockchain solution for all sorts of different use cases, but is particularly business-centred. Financial and accounting use cases include making financial payments, creating cryptocurrency, automatic accounting, loyalty reward points, and in keeping secure records, like encrypted messaging, anti-counterfeiting, and authentication.
How to buy XEM
If you’re looking to buy XEM, there are over 25 exchanges that will allow you to do so, by exchanging other cryptocurrencies, such as Bitcoin and Ethereum, as well as fiat currencies like USD, and Chinese Yuan. Binance, Coinsuper and Bittrex are popular exchanges. Other exchanges, which support fiat currencies, include: Exrates, Litebit, BuyUcoin.
Alternatives to NEM
NEM is now available at Alternative Airlines! We have loads of other popular cryptocurrencies available that you can use to buy flights including Dash, Bitcoin, USDT, Litecoin, Ripple and UTK.