Reorganizes non-profit foundation amid

Blockchain asset management platform nem (xem) announced it had completely reformed its non-profit nem foundation amid financial difficulties in an announcement jan.

Trotz finanzieller probleme nem foundation reorganisiert sich.

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The foundation, which previously had a budget with a monthly burn rate of 9 million xem (392,000), now plans to spend less than half that amount, as a new streamlined entity.

Officials say the ongoing low price of their xem token and poor spending efficiency have led to the need for an urgent restructure.

Adds bitcoin backed stock.

Nem reorganizes non-profit foundation amid token price and funding woes.

Blockchain asset management platform nem announced it had completely reformed its non-profit nem foundation amid financial difficulties in an announcement jan.

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The foundation, which previously had a budget with a monthly burn rate of 9 million xem (392,000), now.