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Nexus Mutual (NXM) is the 280th largest cryptocurrency in the world by market cap, valued at $121,780,561. The current price of Nexus Mutual is $17.98, which is -0.056% lower than yesterday. Prices have ranged between $46.57 and $44.88 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 11:02 UTC.
Nexus Mutual is a platform that has been built atop the Ethereum ecosystem and provides users with a variety of insurance-based offerings, powered by a large community of backers. One of the platform’s first products is the “Smart Contract Cover,” which is basically an insurance policy that covers users against certain smart contract vulnerabilities that they may be faced with when using a range of popular decentralized finance (DeFi) platforms.
The platform’s native crypto offering, NXM tokens, are used for a variety of different internal processes such as membership management, voting and governance. Furthermore, it bears mentioning that since Nexus Mutual operates as a decentralized autonomous organization (DAO), users are required to possess NXM tokens in order to implement any changes within the platform.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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