Twitter handle Leon Redigner expressed, LunarCRUSH When will you add XYM Symbol. He further stated that the NEM community is strong.  He also expressed, “I estimate over 1million coin holders, and hundreds of thousands of social media impressions, but I can’t get the stats on your website.”

For those who have difficulties learning NIS1 & Symbol, they are actually easy to learn. 

Ivy Fung, Product Analyst, writes and produces content to explain how both NIS1 and Symbol can make a difference in the world. She has a blog and a video channel which tells users who these two blockchains will be able to make a real difference in the real time world. She has a shiny way of explaining blockchain.

The Ivy Fung blog is on a mission to talk to everyone about blockchain.

In her medium article she talks about how NEM started with Proof-of-Stake (PoS) derivatives, and on how Ethereum is planning to move from Proof-of-Work (PoW) to PoS and that it has already been partially implemented. She has explained on how they are mitigating some shortcomings which they have inherited from PoS.

She also speaks about Proof-of-Importance (PoI).  She introduces the NEM Infrastructure System 1 (NIS1) which uses Proof-of-Importance (PoI), the proprietary consensus protocol which makes “the rich get richer” and she calls it the shortcoming in PoS.

The process of forming a block is known as harvesting in this ecosystem and the account that proposed and signed a block is known as the harvester. Harvesters in PoI protocol do not need to run a node. And the blog explores in deep about a lot of similar stuff.

She talks about the importance score and the three important criteria of stake score, transaction score, and node score. And, a lot of other stuff.  Those who are getting to know the ecosystem will do well to spend some time going through the content before they can venture in to any kind of activity in the ecosystem.

There are different entities in the NEM ecosystem.  David Shaw, Chief Executive Officer of NEM Group is responsible for ensuring coordination of co-ordination of strategy and direction among the different NEM entities.  He also looks through the growth management plan for NEM ecosystem.

However, in terms of price the downtrend is continuing.  Despite lot of progressive work happening, there is a need to educate prospects more about the NEM ecosystem. Perhaps volume and price will increase post more education, activity and volume creeps in to the ecosystem.  Looks like lot of work is still to be done. They are likely in the trying to get user understanding phase.