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Buy/Sell NEM (XEM) on WazirX

By July 17, 2019March 21st, 20222 minute read

Namaste Tribe! Nem is now listed on WazirX as a part of our Rapid Listing Initiative!

You can now buy, sell, trade XEM in our USDT market on WazirX.

What about XEM Deposits & Withdrawals?

XEM is a part of our Rapid Listing Initiative. Hence, we have started XEM trading without enabling its deposits and withdrawals. What does it mean for you?

  • Deposits — You won’t be able to deposit XEM from another wallet to WazirX. However, if you want to deposit a high volume of XEM, we will provide you with a special deposit address, and it will allow you to sell your tokens on WazirX. You can contact us by filling up this form here.
  • Trading — You will be able to buy, sell, trade XEM in our USDT market. When you buy XEM, it will appear in your “Funds”
  • Withdrawals — You won’t be able to withdraw XEM from your WazirX wallet. You can, however, sell it in the USDT market.

Read more about the Rapid Listing Initiative here.

Share this news with everyone by clicking here.

NEM Trivia

NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is ‘harvested’ using its POI (Proof-of-Importance) algorithm. The ‘importance’ of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet.

You can read their whitepaper here.

  • Trading price (past 24 hrs): $0.063187 (₹4.35 INR)
  • Global Market Cap (past 24 hrs): $568,683,160 USD
  • Global Trading Volume (past 24 hrs): $39,424,268 USD
  • Circulating Supply: 8,999,999,999 XEM
  • All time high: $1.78 (₹122.50 INR)

Happy Trading!

Priyanka works at WazirX, and is HODLing like most of us.
*Above content is migrated from medium to wazirx blog
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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