Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
patmast3r
on 08/06/2014, 06:34:59 UTC
why the coin is so expensive?

Your answer can be found on the first page.

- Fair distribution (call for participation) with 3000 stakeholders
- Proof of intent (distinct form proof of work and proof of stake)
- Large, skilled, development team.  Gimre and Jagaur were contributors to NxT.  The other developers had roles in other successful coins.



Is Proof of intent the same as Proof of Importance?

Yep.  Sometimes it's also called proof of interest.  I think the importance is the more official lingo.
Thanks. I thought I may have missed some new information.

I think it's always called proof of importance. Both interest and intent - Never heard of them  Smiley