NEM (XEM) is the native token of the blockchain with the same name. NEM is a peer-to-peer blockchain platform for app developers. Its code was created from scratch in Java by the New Economy Movement (NEM), which seeks to build "a new economy based on the principles of financial freedom, decentralization, equality and solidarity".
bitcoin wiki contributors. (2019, September 27). NEM. In bitcoin wiki, The Free Cryptocurrency Encyclopedia. Retrieved 08:07, October 4, 2019, from https://en.bitcoinwiki.org/index.php?title=NEM&oldid=381860