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Nem "New Economy Movement" (XEM) is a blockchain protocol that forked from NXT, and uses its own token called XEM. A NEM user can only store the token in NEM's proprietary Nano wallet, and needs a minimum of 10,000 XEM staked to "harvest" new blocks and receive rewards. This block harvesting employs what is referred to by the network as a "Proof-of-Importance" (POI) validation method, which proportionally scales a user's ability to harvest new blocks in terms of XEM staked.
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* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Newton. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Newton is not liable for any losses you may incur.
