Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Non-Moderated Thread [Updates & Discussion]
by
Thingamajig
on 23/06/2014, 16:05:12 UTC
can i mine it?

are all the coins distributed allready or can i get me some nem?

You can't mine it no - this is not a PoW coin (thankfully).


NEM will be a POI coin (Proof of Importance)whereby, and i quote:

Quote
'Proof of Importance' (PoI) coin generation that rewards people for actively using NEM as a currency, discouraging hoarding. The people most important in maintaining the network receive the highest coin rewards, not the people with the most NEM.