Exchange Nexus Mutual

nxm Price Live Data

The live Nexus Mutual price today is $ 67.89 usd with a 24-hour trading volume of $0 usd. We update our NXM to usd price in real-time. Nexus Mutual is down -1.84% in the last 24 hours. The current coinmarketcap ranking is #293, with a live market cap of $235 851 158 usd. It has a circulating supply of 3 481 726 NXM coins and the max. Supply of 3 481 726 NXM coins.

What Is Nexus Mutual (nxm)?

Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code.  The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.