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New Economy Movement (XEM): Should You Go for It?

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New Economy Movement or digital coin otherwise known as NEM is one of the top 10 most popular cryptocurrencies that you can find today. This is a truly extraordinary success given that this currency is rather new, originated and launched in 2015. During the course of two years this cryptocurrency has not only managed to climb the list of top ten digital currencies, but now commands a market cap of 8.1 billion dollars in total.

What makes this cryptocurrency so great to invest in and how come it experienced such success in only two years?

With dozens of different digital currencies with similar or unique features, it can be hard to reach the top and sit with the big guys like Bitcoin and LiteCoin, but XEM is rocking it. Here are the reasons why.

Main Reasons why XEM Rocks

Like any other digital currency circulating the market of digital currencies, XEM is designed and based on blockchain technology which enables creating decentralized platforms that provide users with possibilities of trading and exchanging transactions without the third party involved and with maximum security included while guaranteeing transparency when it  comes to transactions. All your transactions are perfectly clear and visible to you and the second party as the transaction is in progress and only you and the second party are able to follow up with those transactions. Fees are minimal as well, which makes this way of trading a lot more cost-effective, thus making digital currencies attractive.

Now, what makes XEM different than other digital currencies that didn’t make it to the magnificent top ten?

One of the novelties that XEM introduced to digital currency market is the Proof of Importance function. POI is very similar to Proof of Stake, otherwise known as POS, but unlike proof of stake, POI enables the user to gain on using XEM. Proof of Importance is made in a way to guarantee the rise of importance for extensive use of XEM. That means that the more you are using XEM for transactions the more importance you will gain. That way, the system enables progress with performing transactions while at the same time encouraging users to work with XEM rather than just passively keeping their coins in digital wallets. That also affect the money flow positively, also affecting its value in a positive way.

Mining is well known as a way of acquiring digital currencies without investing any money in it. While mining is available for most cryptocurrencies, XEM is offering harvesting. While mining requires extensive usage of electricity and expensive hardware, harvesting is made to be quite the opposite than this function. XEM can be harvested simply by processing transactions and actively using your coins. The only condition needed to be fulfilled is to work with a minimum of 10.000 XEM. In case you have 10.000 XEM and running Supernode while processing transactions, you would be able to harvest more coins, that way earning profit easily without paying overpriced bills for electricity or purchasing expensive hardware.

Now, as much as Supernode and harvesting sounds great, given the fact that these are made to additionally secure the platform where transactions are being made as well as to allow you to earn while processing transactions, you can’t actually use Supernode unless you have 3 million XEM to start with.

All these features help XEM stand out from the crowd, but there is little about security that is actually well thought through and there isn’t anything revolutionary about this currency that we haven’t seen before in Bitcoin or similar digital currencies. When compared to Ethereum and Ethereum coin, XEM might not seem like something special, but the fact that this young digital currency has managed to reach the top 10 list in only two years from being launched says much about its stability.

How Stability Affects XEM and other Cryptocurrencies?

Having a stable currency means that you are dealing with a currency that is strong and is less likely to have a drop of value. Automatically, you are dealing with a desirable cryptocurrency that has a potential of becoming as valuable as Bitcoin or even more in the time to come. That is why people who are investing in digital currencies are more likely to choose to invest in new but stable currencies that have low value per one coin but high total value – like XEM has total value of “bit” over 8 billion dollars – than invest in cryptocurrencies that have high value per one unit but are more likely to have their value drop.

Stability of cryptocurrencies is reached via having people actively using it and not selling and exchanging coins for “real money” in order to try and earn some profit. Having XEM value stable over a long period of time means that there are lots of people who are actually using this currency for their personal transactions, that way keeping these coins alive.

Although XEM is not a revolutionary cryptocurrency it is pretty straightforward and easy to use, being transparent and stable. Those are practically the main reasons why this currency have managed to acquire a stable status.

The Last Week of 2017

The last week of December and simultaneously the last week of the current year was a bit rocky for some cryptocurrencies as although many digital coins have experienced a sudden jump of value, majority of those same coins have later on in the last week lost some of that newly acquired value, dropping from 30% to 100% for some cryptocurrencies. XEM have also suffered a drop, but a very insignificant drop in oppose to its total rising value. Now the market cap for XEM is 8.5 billion dollars while the drop equals only 0.30%, making this currency as stable as it was before.

We will be updating our subscribers as soon as we know more. For the latest on XEM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of liebeslakritze via Flickr

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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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