Announcement: Lykke Exchange Now Supports NEM (XEM) Token

Lykke is a Switzerland-based bitcoin and blockchain asset exchange that recently made an announcement that it has joined the list of cryptocurrency exchanges where users are free to buy NEM (XEM). For the commencement, Lykke Exchange has enabled deposits, withdrawals, as well as trading of the XEM token in the XEM/BTC and XEM/USD markets.

NEM is, at press time, one of the top 25 cryptocurrency ventures according to its market capitalization data and, ultimately, XEM, its native token, is a constituent of Lykke’s LyCI cryptocurrency index.

NEM is built from scratch as a robust and streamlined platform for all kinds of application developers, not just as a virtual currency. Utilizing NEM in your application is as easy as making RESTful JSON API calls letting you configure your own “Smart Assets” and make use of NEM’s potent blockchain platform as your solution which is faster, more secure and scalable.

Configured only for your use, NEM is perfect for a wonderful variety of solution classes, like direct public transactions through a streamlined smartphone application, web application, efficient cloud service that connect client, a high-performance permissioned venture backend for record keeping of business-critical.

XEM is the native token of the NEM public blockchain. It is mainly used to pay for the transactions on this public blockchain for the purpose of incentivizing its network of public nodes processing and recording transactions for businesses as well as users there. Now, this implies that XEM has real fundamental value as the currency of an economy that is more functional.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.