NEM (XEM) Project Seeks New Leaders

NEM (XEM) remains a relatively low-priced asset that may wait a while until the next time the price spikes. At the moment, XEM hovers around $0.24, and the platform is doing the legwork in popularizing its technology and finding business use cases.

As part of the growth plan, the NEM Foundation, an entity dedicated to spreading knowledge about the project, will reshuffle its leadership. Kristof Van de Reck will be interim president of the foundation, while the current leaders move on to advisory roles:

“Lon Wong and Jeff McDonald will be moving from their positions on the NEM.io Foundation and shifting to advisory roles,” announced the Foundation.

The former foundation chiefs will be in charge of business partnerships and seeking opportunities with startups:

“The NEM ecosystem is thriving and by moving to advisory roles, Lon and Jeff can dedicate more time to developing strong system integrators — a critically underserved piece of NEM’s ecosystem.”

And in 2018, NEM finally has the tool to bring about usage and success. TheCatapult developer platform was launched on March 25, after two long years of speculation and waiting. Now, NEM is seen as one of the strong competitors of Ethereum, although the platform has never expressed outright plans to challenge the leading platform.

NEM has warned of overheating prices after it reached $0.50, and in general the Foundation never talked openly about price appreciation. However, the organization boasts of a growing list of projects and applications. The price of the XEM digital asset also remains largely unaffected by the recent news of a potential Coincheck takeover.