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XEM, released in March of 2015, is the underlying currency for the blockchain technology NEM. NEM is a non-profit organization, with a mission statement of: “The sole purpose of the Foundation is to introduce, educate, and promote the use of the NEM blockchain technology platform on an international scale to all industries and institutions.” The technology and currency are unlike other cryptocurrencies, in which it is 100% new coding, and not based on another cryptocurrency. NEM’s core breakthroughs, differentiating it from other crypto investments are their Proof of Importance algorithm, multi-signature accounts, and encrypted messaging service. Need blockchain for dummies to learn more? Check out CryptoScores ‘Crypto Academy’ tab.