Review of NEM(XEM): BBB— Stable Outlook and Moderate Risk

❔What is NEM Official (Editors):

The NEM network framework consists of an API gateway server and a blockchain network layer.

Key Points:

✅ The NEM mainnet has been launched for four years and its base
functionalities are stable; the current development work is
concentrated on NEM2 (Catapult).

✅ NEM aims to provide an enterprise-level blockchain solution; its
blockchain properties and functionality targets are all internally set,
and to the greatest extent, it attempts to provide enterprise-level
customized services while lowering infrastructure development
costs.

✅ NEM faces relatively fierce competition in the BaaS (Blockchain as-a-Service) industry, from entities such as players with strong backgrounds, like IBM who is looking to provide similar services.

✅ NEM has a group of core partners with serious technical strengths, which is beneficial to the overall development of NEM’s ecosystem.

✅ NEM provides enterprise blockchain adoption with low-costs, identity-confirmation, convenient asset creation methods, multi-signature confirmation and other services that compile into a definite service line that fulfills the needs for businesses, helping them to create enterprise-level applications.

✅ The NEM internal team has run into some problems in the process of administration with lack of transparency as well as management; in the end there have been exposures of a financial mismanagement and crisis. However, currently via community voting, the foundation has undergone an iterative update, with outstanding programmers and a refined operation to make for a more focused effort on business expansion and product development. The project’s future development still needs to be observed.

Result:
TokenInsight gives BBB to NEM with a stable outlook. Overall, the risk of NEM is moderate.

Learn more about NEM

About TokenInsight

TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.

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TokenInsight

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Leading Data&Tech-driven Blockchain Financial Institution.

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