Nexus Mutual

Nexus Mutual

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Nexus Mutual is a decentralized insurance platform on Ethereum, offering smart contract and DeFi risk coverage. It operates as a member-owned mutual, with community-driven claim assessments and governance using its native NXM token, providing transparent, fair protection for blockchain users worldwide.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • XT.COM
    NXM/USDT 5 one year ago
    $ 57.59
    $ 10.93 K
    -
    -
  • BKEX
    NXM/USDT 5 one year ago
    $ 49.54
    $ 1.751 M
    16.40%
    22.53%
  • FatBTC
    NXM/BTC 5 one year ago
    -
    -
    -
    -
  • Bilaxy
    NXM/ETH 5 one year ago
    $ 9.04
    $ 38.648 K
    -2.06%
    17.83%
  • Hoo.com
    NXM/USDT 5 one year ago
    $ 8.66
    $ 95.045 K
    2.97%
    -3.27%
  • MEXC
    NXM/USDT 5 one year ago
    $ 8.23
    $ 281.572 K
    0.37%
    -3.58%
  • MEXC
    NXM/ETH 5 one year ago
    $ 8.34
    $ 238.367 K
    -4.47%
    164.24%
  • Hoo.com
    NXM/ETH 5 one year ago
    $ 8.53
    $ 95.094 K
    -10.96%
    6.32%
  • Uniswap (v3)
    NXM/ETH 5 one year ago
    $ 8.45
    $ 130.881 K
    -
    -
  • Switcheo
    NXM/ETH 5 one year ago
    $ 8.88
    $ 70.66
    -
    -
To be announced
Token Details
Ticker
NXM
Additional Details
Categories
Platform

About Nexus Mutual

Nexus Mutual is a decentralized insurance protocol built on blockchain technology, designed to provide an alternative to traditional insurance models by leveraging the power of the Ethereum network. Launched in 2019, Nexus Mutual aims to offer a transparent, community-driven platform where members can share risk and protect themselves against various smart contract failures and other risks in the decentralized finance (DeFi) ecosystem.

At its core, Nexus Mutual operates as a mutual, meaning it is owned and governed by its members rather than by shareholders. This structure encourages transparency and aligns the interests of all participants. Members can purchase insurance coverage against smart contract bugs, exchange hacks, and other blockchain-related vulnerabilities, helping to mitigate the financial risks associated with DeFi investments.

One of the key features of Nexus Mutual is its use of blockchain-based risk assessment and claims processing. The platform relies on community members, called assessors, to evaluate claims in a decentralized manner, promoting fairness and reducing the potential for fraud. Claims are voted on by these assessors, ensuring a democratic and transparent process that benefits the community as a whole.

Nexus Mutual also utilizes its native token, NXM, which serves multiple purposes within the ecosystem. Token holders participate in governance decisions, risk assessment, and staking, which helps maintain the platform’s financial health and security. The NXM token incentivizes active participation and aligns stakeholders’ interests with the mutual’s long-term success.

The platform has gained recognition for addressing a critical gap in the DeFi space by offering protection in an industry that is often characterized by high volatility and technical risks. By providing decentralized insurance, Nexus Mutual helps increase confidence and trust in blockchain technologies, encouraging wider adoption.

Participation in events

Nexus Mutual Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Hugh Karp
FOUNDER
unverified
Ricky Tan
BUSINESS DEVELOPMENT
unverified
Roxana Danila
ENGINEERING
unverified
Anatol Prisacaru
ENGINEERING
unverified
Dragos Horodnic
ENGINEERING
unverified
Dan Octavian
ENGINEERING
unverified
Kayleigh Petrie
MARKETING, COMMUNICATIONS & ENGAGEMENT
unverified
Graeme Thurgood
MUTUAL EXPERT
unverified
Reinis Melbardis
INSURANCE EXPERT
unverified
$ 51.97
-1.51%
Crypto Stats
Daily, %:
-1.51%
Weekly, %:
-6.61%
Monthly, %:
-9.50%
Market Info
Market Cap:
$ 90.038 M
Volume 24h:
Circ. Supply:
1.732 M NXM
Ticker:
NXM
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