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This currency known as the "social cryptocurrency", is a platform that offers the P2P payment option through the XEM currency.
Its main goal is to improve Blockchain technology through Features such as its coin production system in exchange for traditional mining, and the adoption of the new POI algorithm "Proof of importance", a means that gives more influence to the frequency and volume of the operations.
It is in Singapore where it develops from a fork of the open source platform NXT, which was promoted by a member of one of the many Bitcoin forums called UtopianFuture, which aimed to create a participatory and fair currency.
In its initial phase, the Nem.io foundation was established, whose objective is to manage the platform for the future, it uses the NXT code to start a totally new system.
