NEM token XEM is all set to be listed on CoinRoom, an upcoming Korean exchange by Metaps Plus, a leading Korean Fintech company.
According to the EconoTimes, the NEM blockchain platform is going to be collaborating with Metaps Plus, a Korean Fintech company, in order to integrate the platform for improved payment processing.
Additionally, Metaps Plus will also be listing NEM (XEM) on their upcoming cryptocurrency exchange – Coinroom, which is set to go live on the 11th of November, 2017.
Speaking about the partnership, Seungyeon Kim, CEO of Metaps Plus, said:
“NEM is one of the most experienced companies in the industry, and a perfect partner to help us leverage blockchain technology to its fullest potential in Korea. Through this partnership, we look forward to listing XEM on CoinRoom and implementing forward-thinking blockchain solutions.”
Jeff McDonald, Vice President of the NEM foundation also commented on the development, saying:
“Interest in blockchain and cryptocurrency is skyrocketing in Korea, and it will continue to grow as one of the industry’s leading markets. NEM plans to establish a strong presence in Korea, and partnering with such a well-respected and established partner at Metaps is major step forward in that mission.”
NEM (XEM) is currently ranked 7th in terms of market cap ($1.9B) and is trading at $0.212. According to the NEM.io Foundation:
“NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.”
One of the interesting features of the NEM blockchain is the use of Proof of Importance (POI) as a consensus mechanism, as opposed to the prevalent Proof of Work (POW) and Proof of Stake (POS) methods.