THELOGICALINDIAN - NEM is afterward in the footsteps of EOS Voice Peepeth and ReadCash with its own amusing media belvedere NEM Hub will accolade amusing media creators with distributions of its built-in token
NEM is demography a new access to business with NEM Hub, a amusing media belvedere that will pay users to accomplish content. NEM Hub went live on July 15, afterward an aboriginal barrage on June 12.
Rewards For Creators
NEM Hub users can acquire crypto by commutual requested tasks, or by bearing their own content, such as videos and articles, distributing rewards according to anniversary user’s acceptability and points—similar to Steemit. There is currently a bordering user abject of 800 bodies 400 alive users on the amusing media platform, abounding of whom accept affiliated their accounts to Twitter and Telegram to cross-post content. Those users accept about $10,000 account of XEM per ages altogether. Or, about $25 per alive user per month.
NEM Hub’s accumulation blog on Medium additionally produced 31 accessories that accustomed added than 1,800 readers this month. The accumulation additionally ran a challenge to architecture the community’s logo for Japan, one of the countries that has historically been added bullish on XEM.
Community-Based Marketing
NEM Hub is commensurable to sites that pay agreeable creators in cryptocurrencies, such as Steemit, Publish0x, Peepeth, and Read.cash. But the XEM-powered belvedere is different in that it is alone meant to be acclimated for the advance of the NEM activity itself. It is aimed at users who accept a pale in the token’s success; NEM Hub has a barrier to entry: users charge own 4,000 XEM ($15) to be acceptable for rewards.
Because NEM Hub agreeable can be cross-posted to added platforms like Telegram and Twitter, the activity has anon benefited NEM’s amusing media standing. Though this does accession questions as to why users would use NEM Hub as an agent amusing media belvedere at all—and the numbers reflect this fact.
NEM Group says that NEM’s amusing media consequence calculation has added tenfold because of the release. The amusing belvedere is additionally complex in announcement Symbol, NEM’s “next-gen, rebranded blockchain aimed at enterprises.” Every column on the belvedere “will account the alteration to Symbol planned for the end of the year,” DanJonBob of NEM Group writes.
NEM’s Market Value?
The bazaar has abundantly abandoned NEM because it shares abounding of its goals with Ethereum, a far added accepted blockchain. The actuality that both blockchains launched in 2015 agency that NEM did not accept the adventitious to position itself as “the abutting Ethereum.” Regardless, XEM has afresh been on a slight advancement trend, and the token’s amount has risen from $0.03 to $0.05 back March. The bread currently ranks at #30 back abstinent by bazaar capitalization, bottomward from the top 20 in 2017.
Growth is partly due to accepted adherence in the crypto bazaar rather than XEM’s own merit. Nevertheless, XEM has outperformed Bitcoin in the short-term, up 30% over the accomplished 30 days, while Bitcoin absent -0.5% of its amount during the aforementioned period.
It’s not yet bright whether NEM Hub will addition the amount of the XEM badge significantly. The amusing media belvedere is added absolute than added crypto-powered amusing media by design, but it’s not bright whether that’s abundant to save the dying NEM project.
