Home Forums coins Other Coins [SPA] SPARTA knockoff– A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable. Reply To: [SPA] SPARTA knockoff– A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.


SPARTA’s Advantages as Compared to NEM

SPARTA features a number of advantages as compared to other cryptocurrencies some of which were already mentioned in our previous publications. Today, we’ll tell you why SPARTA is better than NEM.

NEM in brief

The NEM cryptocurrency (abbreviated from New Economy Movement) was launched on March 31, 2015. It uses the Proof-of-Importance (PoI) algorithm that looks into the following account characteristics:

level of activity, i. e. the number of transactions completed by the account in the network;
duration of account life in the network.

Below, you can find the main advantages of SPARTA over NEM

Fees in the NEM network are always changing depending on the sender’s and recipient’s balances. The more coins you own, the more you have to pay. SPARTA features a low fee which does not depend on who you transfer coins to and how much you have on your account.

NEM had a huge pre-mine volume — all 9 bln coins were generated this way. In SPARTA, emission is initiated by users who support network operations, receive a reward and develop the idea of decentralization.

The NEM system increases fees for non-active users meaning that it forces you to always run transactions and doesn’t allow for the simple accumulation of coins and generation of profit on investment. In SPARTA, each user chooses their own path without unwelcome pressure.

The NEM network pays the reward for supporting network operations once a day. In SPARTA, you have a chance to get a reward every single minute.

Join SPARTA and build a new future with us now — your well-being is in your hands!

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