NEM (XEM) is the gas that runs the NEM blockchain. It is the platform's native currency for running transactions. It is also used to give incentives to network participants to validate the platform's public nodes. The amount of the XEM tokens are fixed hence cushioning the system from inflation.
XEM is supported by its official wallet called Nanowallet. The wallet has features that enable users to create their own smart assets. Other wallets include Trezor, CoinSpot, NEM Nano, CoinPaymentsShow more [+]