What is NEM Wallet (memo wallet)?

NEM Wallet, according to official sources, is a decentralized multi-chain digit

What is NEM Wallet (memo wallet)?

NEM Wallet, according to official sources, is a decentralized multi-chain digital asset management application platform developed based on NervosCKB. The wallet mainly provides the following features: support for mainstream cryptocurrencies and DeFi; ability to implement various decentralized financial tools; support for multiple token types and transactions; customizable token standards; flexibility, user-friendliness, and convenience, among other characteristics.

It is reported that NEM is a cross-platform multi-blockchain wallet, currently operating on Ethereum and Binance Smart Chain.

Memo Wallet

According to official sources, Memo Wallet will be officially launched on July 8th. Memo is a decentralized asset management protocol based on blockchain technology and adopts a DAO governance model. Users can create, sell, and use their own digital currency, MEMO, on the platform.

It is understood that in Memo, users can earn mepo rewards through pledging MEM, as well as earn transaction fee income from trading on the Memo platform. In addition, there are various ecological applications participating in the Memo platform, including a memo mining pool, game item mall, DeFi lending, and more.

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