Review of NEM(XEM): BBB— Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for NEM Official (Editors)(XEM), which has received a project rating of BBB with a stable outlook.
❔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
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