NEM (XEM)
NEM ranks #192 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1446: 1254 of the 1445 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 1699 non-native assets CoinSpectrum lists above it by market cap, about 62% are tokens, 31% are claims on other assets, 6% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | B · 56/100 · provisional, C to B |
|---|---|
| Rank among cryptocurrencies | #192 |
| Rank counting claims | #1446 |
| Market capitalisation | $3M |
| Price | $0.000299 |
| Circulating supply | 8,999,999,999 XEM |
| Maximum supply | 8,999,999,999 XEM |
| Consensus family | Other |
| Consensus mechanism | Proof of Importance |
| Active addresses a day | 19 October 2026 median, Coin Metrics |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
B — 56 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 49 to 59 (C to B).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 6.4 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.7 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.4 | fixed maximum supply of 9 billion |
| Distribution | 3.7 | average of 4 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | 0 | 19 addresses active a day, the median of October 2026's 31 days (Coin Metrics community data) source |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. All 8,999,999,999 XEM were created at the 2015 genesis (nemesis); there is no minting, and harvesters earn only fees. Shares: stakeholders ~53% (2.25M XEM per stake, ~2,100 stakes redeemed), development fund ~21%, sustainability fund ~26% (including ~2.35B from unclaimed and forfeited stakes). source |
| Fundraising (share sold) (Source) | 4.7 | Sold by its issuer or insiders: 53% of supply sold. 2014 call for participation: stakes bought for about 0.05 BTC or 450 NXT each, via Bitcointalk or the NXT Asset Exchange. Roughly 1,600 participants; 3,000 stakes planned, 2,840 issued, 572 forfeited as sock puppets. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. All 8,999,999,999 XEM were created in the 2015 nemesis block, and harvesters earn only fees. There is no new issuance to cut. source |
| Decentralisation | 8.3 | average of 2 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol party can freeze, blacklist or claw back XEM or halt the chain. source |
| No central team (Source) | – | Not yet researched |
| Who can mint (Source) | – | Consensus not yet reviewed |
| Nodes (Source) | 6.5 | 88 reachable nodes (source: nodewatch.symbol.tools/api/nem/nodes,) |
| Security | 5.7 | 4.5 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 9.2 | largest 25%, largest three 41.3% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 0 | about 30 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 6 | one client, latest version Apr 2025, within 24 months |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 4.2 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000029 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 0 | about 2 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 4.6 | 0.123 MB limit (converted from its gas, compute, mass or count limit), 1.23 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | Blocks target 60 s (about 79 s on average over the last 30 days) with probabilistic finality, so a payment needs at least a minute. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✗ | NIS nodes keep the full block history. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No proof-based light client; wallets query NIS nodes. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Accounts are created from keys users generate themselves; transfers are validated by signature, with no identity condition in the protocol. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Balances and transfers are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Sender and receiver accounts are public. |
| Network privacy (Origin hidden by default) | 0 | NIS nodes relay transactions directly; no Dandelion or Tor. |
| Programmability | 3.3 | 3 of 9 points source |
| Token issuance (At protocol level) | 2 | Mosaics, native NIS1 tokens that any account can create for a fee with its namespace. |
| Smart contracts | 0 | NIS1 has only fixed transaction types (transfer, multisig, namespace, mosaic definition and supply change); no script or VM. |
| Multisig and time locks (Without a third party) | ✗ | Native m-of-n multisig accounts (minimum cosignatories in the v2 modification), but NIS1 has no time-locked or hash-locked transaction type. |
| Atomic swaps (With other chains) | ✗ | No hash lock or time lock in NIS1 (secret locks arrived only on Symbol, a separate chain). |
| Native DEX (Trades the coin itself, not a claim) | ✗ | No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol. |
| NFTs (Carried by the chain's rules) | ✓ | Mosaics, a native ledger asset type, can be defined with divisibility 0, a supply of 1 and immutable supply, giving unique tokens. |
| Demand | 4.4 | average of 7 measures |
| Exchanges (10 or more: 10) | 2 | 2 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 2.2 | $110,051 traded in 24 hours; #1463 by volume on the exchanges the site reads (scored on the median day of the last 30, $123,866) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.5 | 4.0% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 5 | $861 within 2% of the price on 1 exchange, 0.03% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 1.1 | $2.7M, 1.1 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 8.5 | average of 3 criteria |
| Age (years since genesis) (Source) | 10 | 11 full years since 2015-04-01, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 5.5 | 1 positive, 0 negative source |
| Positive | ||
| Steady work, 5.5 of 6 | ✓ | 163 commits in 11 of the last 12 months (github.com/NemProject/nem); NIS client v0.6.102 (github.com/NemProject/nem, released 2025-04-07) is the only release in the last 24 months; the previous one, v0.6.101, dates from 2023-02-28. 81 of 88 nodes on nodewatch run 0.6.102. |
| Conduct (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
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8,999,999,999 of a maximum 8,999,999,999 XEM are in circulation — effectively all of them.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 53% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 88 |
| Fundraising | Public sale |
All 8,999,999,999 XEM were created at the 2015 genesis (nemesis); there is no minting, and harvesters earn only fees. Shares: stakeholders ~53% (2.25M XEM per stake, ~2,100 stakes redeemed), development fund ~21%, sustainability fund ~26% (including ~2.35B from unclaimed and forfeited stakes).
2014 call for participation: stakes bought for about 0.05 BTC or 450 NXT each, via Bitcointalk or the NXT Asset Exchange. Roughly 1,600 participants; 3,000 stakes planned, 2,840 issued, 572 forfeited as sock puppets.
All 8,999,999,999 XEM were created in the 2015 nemesis block, and harvesters earn only fees. There is no new issuance to cut.
Agrees with the 'presale' label. The total raised was tiny, on the order of ~100 BTC (implied, not documented). The 53/21/26 split comes from an aggregator and matches the forum's stake arithmetic (unclaimed 2,354,280,307 XEM = about 1,046 stakes x 2.25M).
Sources: nemplatform.com · docs.nem.io · forum.nem.io · crypto.com. Researched 2026-10-26, high confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks NEM
NEM is #192 among cryptocurrencies and #1446 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1254 places between NEM's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).