An icon of the cryptocurrency Nexus Mutual Token (NXM)

Nexus Mutual Token (NXM) price

Nexus Mutual Token (NXM) live price in US dollar (USD). View value statistics, market cap and supply.

NXM price chart

Price to USD
24h change
$ 49.42
-0.16%
$

Convert NXM to USD

Use the calculator to convert real-time prices between all available cryptocurrencies and fiat.

NXM value statistics

An overview showing the statistics of Nexus Mutual Token, such as the base and quote currency, the rank, and trading volume.

Price to USD $ 49.42
Price to BTC 0.001160 BTC
Rank
176
24h volume
$ 886,556
Market cap
$ 341.15 million
Fully diluted market cap
$ 341.15 million
All-time high (daily avg.)
$ 102.62 on 5/12/2021

Supply information

View the total and circulating supply of Nexus Mutual Token, including details on how the supplies are calculated.

Details
Total supply 6.90 million NXM
There are no burned, team or smart contract locked balances to subtract.
Circulating supply 6.90 million NXM
Verified supply
100%
Updated 21 hours ago
Circulating supply
6.90 million NXM
Total supply
6.90 million NXM
Smart contract address
0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b
Issuance blockchain
Ethereum

What is Nexus Mutual Token

Nexus Mutual is a decentralised alternative to insurance. Nexus Mutual used blockchain technology to create a risk sharing pool in the form of a mutual to return the power of insurance to the people. The platform is built on the Ethereum public chain. It allows anyone to become a member and purchase cover. It replaces the idea of a traditional insurance company because it is wholly owned by the members. The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment and Governance.

The concept of insurance comes from communities in the past who pooled their resources to protect each other from the risks they all faced. It works better the more people are in the pool as the numbers become more reliable. But this method isn’t scalable because it is a trust-based system and the network of individuals trusted by everyone in the pool only extends so far. Hence traditional insurance companies emerged.

When Ethereum and smart contracts came along Nexus Mutual realised they could apply their insurance industry knowledge to our passion for decentralised technology. Nexus Mutual realised they could build a mutual on a platform where individuals only need to trust the system, not everyone in it.

Specifically, Nexus Mutual could see a solution to the problem of agency—where an insurer looks after customers' money on their behalf. Nexus Mutual also saw the opportunity to make significant cost savings compared to the traditional insurance model. As Nexus Mutual already in the UK, they have the perfect base to build out this concept due to the existing law around mutuality.

The aim is to provide their members with more simple, transparent, accessible, and affordable financial protection against their risks.

Top Nexus Mutual Token exchanges

The top crypto exchanges that have Nexus Mutual Token available for trading, ranked by 24h trading volume and the current price.

Exchange 24h volume
$ 888,139.06
$ 49.50
All NXM exchanges

Top Nexus Mutual Token markets

A list of the top Nexus Mutual Token markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

Market 24h volume
1 NXM/USDT BKEX
$ 888,139.06
$ 49.50
All NXM markets
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