Fees in Using NEM Blockchain

Abbey wired money to US and it cost  SGD54+ and for the bank debiting the amount took almost 5 days. See how painful the process is? 

Everybody is emphasizing about the low transaction fee and low cost of storing data inside their blockchain, but do we know how much it really costs?

Below are the transaction fees inside the NEM blockchain. NEM Foundation wants to solve the sudden jacked-up fees with other competitors and that is the reason why they revised their fees.

Fees under the NEM Blockchain
Nano Wallet to Nano Wallet Transfer Fees

You want to create your own coin? How much will it cost you? Below are the details. You do not need to pay developers to do your own ICO, you can create it in less than 2 minutes (click here). 

Namespace (Namespaces are domain names. Each namespace is unique and authenticates mosaics (assets) issued on it or on its subdomains.) You can put your company name in there :) 

Total Namespace Fee: 100.15 XEM 

Creating your new coin: 10.15 XEM

In totality, you will only spend 110.30 XEM to generate your own coin. Isn't it fantastic? 

Whenever you lost a public document, in Philippines, you spend money in providing document such as Notorized Affidavit of Loss  and waste time queueing on government agencies. It also applies when you need certification from universities. 

If a government agency or a school or a training center or a club/organization will issue a certification you will not be worried if you will lose it. Just save your digital certification and you are good to go. But how much it will cost the certification body?

0.20 XEM in creating a certificate under NEM blockchain

Yes! Only 0.20 XEMs in creating a digital certificate that can be access anytime, anywhere and immutable. 

This are the few cheap transactions you can do with NEM. You do not need to learn any language. What if you want to customise your company or clients' requirement in building inside NEM blockchain? You can learn it for FREE with the use of NEM Library (click here).

Be WISE. Use ONLY NEM!

Love my write-up? Here is my NEM Wallet Address: 

NCFKW3CE4ZOMS4RNLFINM6SBGVRPMVBRO5PKHRG2

Wax Diva's Brazilian Wax at Far East Plaza

I admit that I am frugal. I am always want it to be cheap without compromising the quality. That is why I am ditching out my loyalty with Pink Parlour. They are expensive and nothing bad to look for new alternative. Right? So, I browse on FAVE! This app will greatly help my quest. Wink-wink. 

My latest voucher I got from fave is 3-Sessions Brazilian Waxing for $60 at Wax Diva. 

Wax Diva
Services

Wax Diva
Session Bed

Wax Diva's
at Far East Plaza

If you will go to waxing salons, the service all depends on your attendants. Is it less painful, more hygienic or they won't stop until all unwanted hair was plucked. Well, with Wax Diva's lady boss, Margaret, he make sure that the customer's experience will meet with excellence. She do the waxing personally and meticulously. She will not let any client walk out of her salon unsatisfied. Well, I am not surprised when there's a queue whenever I visited the salon. Her repeat customer is astonishing. 

This is not your international flag for waxing, this is totally local! Support Local Businesses! Hope Wax Diva will flourish and branch out with other outlets.

***

Wax Diva

(A) 14 Scotts Road #04-37A Far East Plaza 

Integrity in the Midst of Instability

Blockchain/bitcoin was built entirely because of Satoshi Nakamoto's frustration in our banking system and the society that evolves on it. Now that his advocacy is a wild craze, people from all walks of life are jumping in to join the party. Yes all! Even the bad guys!

Last week, Coincheck was compromised and hit the record-high hack for the blockchain industry. Cryptonauts expected that there will be chaos and another massive suicide watch list but Coincheck surprised them all with their decision. Koichiro Wada announced early this week that they will pay off the platform users who were affected by that incident. That is the first time in the entire history of blockchain that someone stood up to return their missing coins. That's integrity! Thanks Coincheck.

Then we go to questioning NEM's decision.

Aren't you tired to obey rules and laws? Tired of banks asking you question why are you withdrawing your chunk of savings or just a mere scenario of teller asking what is your source of income when depositing a huge amount. Well, this is for them to comply in many regulations they need to follow as bank. The banks do not want to be tagged as non-compliant or accepting funds from illicit businesses.

Imagine, a good neighbourhood was attacked by an intruder, forced to take one of your valuables and settled in one of the nearby houses. What are you going to do? Nothing? Really?

No! It is either all the villagers will march to the occupied house and take their valuables again, or just remember that address and intruder's face and never help or do business with him.

NEM NEIGHBORHOOD

I saw that NEM proves that blockchain can build a transparent, safe, secure and a compliant ecosystem. That move from NEM (flagged the address and taint those hacked XEMs) is not only to comply on laws and clamors of its members and stakeholders but it is a moral obligation for its community.

Now, because of tainted XEMs no one wants to get involved with the hacker’s address. Why? It will affect the POI (Proof of Importance) of Nano wallet addresses who will do transactions with it.
Transparency solves the problems in preventing the dirty money (AML/CTF) to get involved in this new technology. Good job NEM! 

Coincheck thanks for the integrity in this business. Thank you both for making this blockchain world a better place

Love my write-up? Here is my NEM Wallet Address: 

NCFKW3CE4ZOMS4RNLFINM6SBGVRPMVBRO5PKHRG2