$59.69
3.9%
$56.80
24h Range
$59.69
Market Cap
$181,778,847.0
Fully Diluted Valuation
$181,928,519.1
24 Hour Trading Vol
$0
Circulating Supply
3,047,889.4
Total Supply
3,047,889.4
Max Supply
3,047,889.4
Nexus Mutual Price
$59.69
24h Range
$56.80 - $59.69
Percent Change 1h
0.27%
Percent Change 24h
3.9%
Percent Change 7d
3.94%
All-time high
$185.97
All-time low
$6.96
1D
7D
1M
1Y
All
Nexus Mutual (NXM) is a decentralized insurance platform built on the Ethereum blockchain that aims to provide coverage for smart contracts and DeFi protocols. Launched in 2019, Nexus Mutual allows members to pool funds and share risk, offering a community-driven alternative to traditional insurance. Users can purchase coverage for various risks, including the failure of smart contracts, hacks, and other vulnerabilities in decentralized finance applications. The native token, NXM, serves multiple purposes, such as governance and staking within the Nexus Mutual ecosystem.
Nexus Mutual was co-founded by Hugh Karp, who has extensive experience in insurance and technology. Karp aimed to create a decentralized insurance model that eliminates intermediaries and provides better coverage options for users in the rapidly growing blockchain space. The team behind Nexus Mutual includes experts in insurance, finance, and blockchain technology, all dedicated to building a robust and transparent insurance platform.
Nexus Mutual operates on a mutual insurance model, where members contribute funds to a shared pool, which is then used to pay out claims. Here's a breakdown of the process:
Nexus Mutual has several key use cases that demonstrate its utility in the decentralized finance ecosystem:
To ensure the safety of your Nexus Mutual assets and participation in the platform, consider the following best practices:
Investing in Nexus Mutual (NXM) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Nexus Mutual: Once your account is funded, you can purchase Nexus Mutual directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Nexus Mutual using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Nexus Mutual (NXM) is currently trading at $59.69 and exhibits good potential for future growth. Check the latest Nexus Mutual (NXM) price prediction.
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