XEM is the native cryptocurrency of the NEM blockchain. Here’s a list of some of its apps:Native Currency $XEM is used to pay transaction fees when users or dApps use the blockchain. It is also used to pay for transactions when executing smart contracts on the platform. Harvesting (Mining)XEM can be harvested or mined when validating transactions and producing new blocks in the NEM Network. The process is called harvesting and offers an exciting way to earn XEM by contributing to the blockchain’s consensus mechanism. Governance Token XEM token holders enjoy voting rights and can have a say on any proposals regarding the future evolution of the NEM ecosystem. In this manner, $XEM powers decentralized governance within the network. Crypto Asset to Invest in and HODL You can trade NEM cryptocurrency against other digital assets in the market. Buy or sell XEM against other cryptocurrencies or hold it long-term if you believe in the future potential of NEM. Review the real-time NEM price, XEM market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade XEM.