In order to save the company from bankruptcy, it is necessary to collect 160 million xem tokens ($7.5 million at the current rate). In my opinion, NEM can be treated as a promising ICO and at the moment it is a really interesting project that deserves to be able to further existence and development.
It is certainly interesting but as a project for investment I think it is better to pass by, while in 2017 many coins developed nem just stood still , I think the time has passed this coin 
Topic: NEM is struggling - page 2. (Read 382 times)
NEM... IS good project in it is early stages , but state of the crypto market now is making every thing difficult for projects . I think that every thing will be better in the future .
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions. But NEM, a somewhat underrated project, has announced it's running out of funding.
https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
This is a difficult truth for NEM. A huge investment of ETH 190,000 with the current price is very low, and it is not able to maintain a large machine that can overcome a long winter like an ice age. NEM was right when it cut 25% of its staff, which would reduce the cost of maintaining the company.https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
I agree with your point. NEM did a mistake, they could spread the platforms with valuable products. At this moment, most of the legal crypto projects are suffering, not only NEM but still, NEM is a very popular coin and their trading volume also high! Then why they haven't made something catchy for their community/project. I feel sorry for the NEM, hope everything will be alright again!
The market situation is not helping some projects at all,many projects are finding it difficult to develop further because of lack of fund.
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions. But NEM, a somewhat underrated project, has announced it's running out of funding.
https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
This is another not so good news in crypto world but I think that everything is struggling right now because of the down trend in the value of almost all the coins and tokens in the market. I just hope that nem could still survive despite the decrease with its manpower.
In order to save the company from bankruptcy, it is necessary to collect 160 million xem tokens ($7.5 million at the current rate). In my opinion, NEM can be treated as a promising ICO and at the moment it is a really interesting project that deserves to be able to further existence and development.
the project was on top 10 for the most of its time and NEM has huge community in each country, i can't believe it would come to this.
overthrown by newer and scalable platforms are just making it than NEM. i can't even tell 5 projects to name bringing the flagship of NEM in this industry. 0.04USD is still good though. i have been here while NEM's price was 0.02USD.
I for one am glad the new management admitted the situation instead of hiding it or just bailing on project. This kind of team is what makes a project worth investing in, especially at these low prices
How did you come to that conclusion?
for nem it's a very difficult time and I think that everything will be decided with the future until March
The state of the crypto market now is making things difficult for projects these days,it is very difficult to raise fund with the current market state,it is a pity that some good project will also be affected.
Well i guess it's proving to be not so important (POI) 
proper crypto does not run out of money, company's can run out of finances.
That is what happens if you have expensive overheads.
proper crypto does not run out of money, company's can run out of finances.
That is what happens if you have expensive overheads.
It's sad to see what happened to a potentially powerful project. But this once again shows that the inept leadership to anything good will not. Everyone should do what is good at.
The inept leadership is gone.
The new leadership which arrived a month ago has the balls to admit they've been left up shit creek by their predecessors. Now they're doing something address it.
What is NEM(XEM)?
The first cryptocurrency after Bitcoin to have built its code from scratch, NEM is unique for many reasons. Its stability, versatile use cases and consensus system are just a few of the things that make NEM different. Here’s everything you need to know about NEM.
NEM: The Basics
NEM, short for New Economic Movement, started out to build a smarter, more technologically advanced blockchain.
It is a cryptocurrency which provides an improved platform and streamlined method to maintain a secure ledger for transactions.
Getting rid of mining and the necessity for powerful systems and expensive hardware, NEM made cryptocurrency transactions much simpler and more efficient. It also drastically reduced the energy requirement for transactions as well as the time required for a transaction.
NEM Foundation, the non-profit organization established to develop the NEM ecosystem, running out of funds and is looking to secure additional funding from the NEM community. It aims to submit a funding proposal for $7.5 million, which translates to about 172 million NEM XEM, -2.04% tokens at current prices.
The news of the NEM Foundation’s struggles has had a negative impact on the price of XEM, which is currently the 18th largest cryptocurrency thanks to its market capitalization of $391.8 million. The token is down 8.3% in the last 24 hours, with 24-hour volume steadily increasing from $12.7 million to $18.6 million.
The first cryptocurrency after Bitcoin to have built its code from scratch, NEM is unique for many reasons. Its stability, versatile use cases and consensus system are just a few of the things that make NEM different. Here’s everything you need to know about NEM.
NEM: The Basics
NEM, short for New Economic Movement, started out to build a smarter, more technologically advanced blockchain.
It is a cryptocurrency which provides an improved platform and streamlined method to maintain a secure ledger for transactions.
Getting rid of mining and the necessity for powerful systems and expensive hardware, NEM made cryptocurrency transactions much simpler and more efficient. It also drastically reduced the energy requirement for transactions as well as the time required for a transaction.
NEM Foundation, the non-profit organization established to develop the NEM ecosystem, running out of funds and is looking to secure additional funding from the NEM community. It aims to submit a funding proposal for $7.5 million, which translates to about 172 million NEM XEM, -2.04% tokens at current prices.
The news of the NEM Foundation’s struggles has had a negative impact on the price of XEM, which is currently the 18th largest cryptocurrency thanks to its market capitalization of $391.8 million. The token is down 8.3% in the last 24 hours, with 24-hour volume steadily increasing from $12.7 million to $18.6 million.
They already have a large enough community in the market, not having funds is not the right reason to drop the price, the NEM Team must develop the leak, like what ethereum has done
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions. But NEM, a somewhat underrated project, has announced it's running out of funding.
https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
not only NEM, but all altcoins are struggling to get back on the right path. after yesterday's fall this will be the most eagerly awaited moment for investors.
Sad to hear about this. NEM is a good and successful project in its early stages. But it may have been affected too much from the bear market. Steemit is also a victim of this but it continues to work well.
Bear market affected almost all coins, but there is no one says that the NEM has stopped working. NEM is a good and well-established coin in the market with good capitalization, but it is falling.
NEM is just one of all who are struggling in making a good outcome in the market. This just very normal, if bitcoin is at the same path then we can expect the same to all since bitcoin is the leading digital and the future of all cryptocurrency.
A lot of project are struggling right now due to the lack of expertise of bear market for person that run those projects and foundation a lot of them are under twenty years -good luck for current investors
I do not want to believe that this project will be closed, because they have a strong team, they are constantly promoting their product in different countries, conclude partnership agreements, I think that everything will work out
We have to wait for further notice coming from the team itself, it's sad to know that after those long years of surviving into this field, now they will ended up this way, maybe there's still reason and hope that the company will continue if your statement is true, sustaining and keep the project
alive is really a hard deal to any team.
It's sad to see what happened to a potentially powerful project. But this once again shows that the inept leadership to anything good will not. Everyone should do what is good at.
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