Divi Interview with Nick and NEM

The DIVI Crypto Podcast

Today we’re talking to Nicholas from the NEM group. NEM has been around a long time and even predates ether cryptocurrency. Having run six years now, NEM boasts no hacks to their decentralized community. With a large base in Japan, across Europe, and in the US, NEM is launching its 2.0 version called Symbol. The launch of Symbol will effectively mean that 1 XEM token will equal 1 XEM + 1 XYM (new token). With 300 supernodes distributed worldwide, you currently need 3 million XYM to run one node, but Symbol will look to remove entry barriers by lowering this threshold. One feature of Symbol is that it will be the first blockchain to have multi-signature accounts, which can be quite useful for businesses. New to the NEM ecosystem is STXEM, or a staked XEM. Effectively you can buy one STXEM, and you will get a supernode reward at about 4%. NEM can also interact in the defy system. Nicholas shares his strategy for investing is to look at emerging technologies and what the utility value of the asset is. For example, the value of the internet is in its applications. Next, you can start to build in supply and demand functions. The utility value increases because of network effects. With the evolution of tokens on exchanges, defy is a great disruptor and all major exchanges are afraid of defy. Nicholas predicts defy will end up in a bubble, and there will be a lot of spammy products, but that the cream will rise to the top and will be the base layer for the next cycle. Nicholas says he’s most excited about the launch of Symbol. Beyond that, Nicholas says they’re in talks with different governments about issuing central bank digital currency. Lithuania was the first to launch CBDC, and Nicholas thinks it’s a trend that will continue to grow. As head of trading, Nicholas has to be aware of the market dynamics. He touches on enduring a bear market but says when the market is as bullish as now, it’s all hands on deck. It’s an exhausting period, but one he’s thoroughly enjoying. Another part of the NEM blockchain ecosystem is NEM Ventures, which specializes in high-tech investments. NEM Ventures was started a few years back and invests in projects that are building on top of, or using, NEM technologies in some fashion. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.