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Nexus Mutual Token

NXM # 3k
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NXM - Nexus Mutual Token
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Price performance
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This is the price performance of Nexus Mutual Token (NXM). It shows the percentage gains and losses for each time period.

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Value statistics

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

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Price to BTC -- BTC
Rank
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3,505
24h volume
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$ -- Alert icon Low volume
Market cap
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Fully diluted market cap
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All-time high (daily avg.)
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$ 111.06 on 5/12/2021

Supply information

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

Checkmark Verified supply
100%
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Updated 4 hours ago
Circulating supply
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6.78 million NXM
Total supply
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6.78 million NXM
Issuance blockchain
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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.

Links

Best exchanges to buy Nexus Mutual Token

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

Exchange 24h volume
All NXM exchanges

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
All NXM markets
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