NEM is struggling

[electronicash]

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.

[defoman]

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.

[Mypanara19]

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 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.

[Jadesola]

The market situation is not helping some projects at all,many projects are finding it difficult to develop further because of lack of fund.

[lornadane]

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.

That's the company's fault. Look at binance and anyother ico that can generate profit from the platforms. NEM was creating a big mistake because they are not putting the main concern to the question how they can create such a useful application or platforms that can actively generate revenue to cover the operational of the platform.

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!

[BanaCrypto]

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 .

[Ditlycel]

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

[Darkman3301]

Previously, NEM seemed a promising project with a great future. But alas, the expenses that were spent incorrectly, the management themselves made themselves known. I do not think that staff cuts will make a big difference. Let's see whether he will live at least another month or two.

[gentlemand]

Previously, NEM seemed a promising project with a great future. But alas, the expenses that were spent incorrectly, the management themselves made themselves known. I do not think that staff cuts will make a big difference. Let's see whether he will live at least another month or two.

The core developers are not paid by the foundation or employed by them in any capacity. If the foundation went away tomorrow it would make zero difference to the actual system. It would probably progress faster without it.

[nlaara12]

It is not only NEM that is struggling now,many other projects are also struggling because of the present state of the market, it has become do difficult to raise fund to develop a project.

[shamc]

NEM has struggled to gt grip of itself ever since that Asian exchange got hacked and they lost a shed load of NEM. It was a blemish on their name and when alternative options came out namely cardano, EOS, Tezos, people simply switched to something better

[jossiel]

Too bad for them but this struggle that they have been facing today will fade and replace by new beginnings. I'm not an investor of NEM but they're logical  and helpful to the community base on what they are conducting.

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 .

Most coins are struggling too but this case is different from the falling price of the market. They are in a situation right now that can discourage most of their investors but it will be solved in the near future.

[myohmy81]

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/

Let's hope that this strategy to cut-off their employee will make them survive in this bear market. I know it's difficult for the team to announce this situation because their investors will get panic or will not understand them but at least they let the truth speak rather than making a exit scam.

[abake]

I saw this on a blog and I felt so bad about it. NEM has been slow development-wise, now they are talking about dropping some staff due to funding issues. I like the project, I thought it will have good prospects in future but this rumour changes that. Nevertheless, NEM/XEM is still one of the oldest projects with great vision. Some projects recently used their platform, like Atlantico and Sportsfix, I understand how they will feel seeing this rumour.

[Eildosa]

It's a shame that even such a project with such a strong team will closed. Apparently the team was very difficult to cope with the management in such a market. This once again proves that no one is immune from failure. Not everyone can survive in the harsh market conditions.

[Rob768]

They applied for a big amount of NEM tokens from a reservation for this year. Their team sais that now they have funds only for 1 month. So without this money, they can really make a lot of problems.

[JohnMacZeppelin]

NEM project which has a very long history. As I recall, NEM coins were distributed free to all users who supported the project. What can I say now about this project? I think that it needs to be supported.

[electronicash]

NEM project which has a very long history. As I recall, NEM coins were distributed free to all users who supported the project. What can I say now about this project? I think that it needs to be supported.

yes. if they are really struggling, they can ask support from the community. i'm sure they are willing to help.

the project is very old where ICO wasn't born yet. all it needs back then was the dedication of the developers to come up with a project. i wasn't that old when it happen but i have received some coins of some projects which was also distributed.

[tiggytomb]

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/

I am a long time supporter of NEM and as sad as it is to see it in trouble, pretty much everyone is in the same boat, hopefully soon we will see this about face.

[AlekseyCrypto]

I think it was specially fabricated news to get most people to sell coins at a low price. So that certain people can buy cheaper and then earn more.