What is NEXUS MUTUAL(NXM)?

Basic information about NXM

Coin name:

Nexus Mutual

Coin symbol:

Coin introduction:

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.

Current Price:

$56.90More coin details

All-time high:

$185.97

All-time low:

$6.96

NXM Supply Info and Tokenomics

Circulating supply:

1,796,179

Total supply:

1,796,179

Max supply:

Market cap:

$102.20M

Fully diluted valuation:

$102.20M

What is the outlook and future value of NXM?

The current market cap of NXM is $102.20M, ranked 425 in the market, showing that the market already recognizes the value of NXM. When a bull market arrives, the market cap of NXM may continue to grow.

Moreover, if NXM can play a greater role in real-world applications—such as if the Monero developers can fully empower NXM and establish partnerships with more business partners to expand its user base—then the long-term value of NXM will be further enhanced.

What is the price of NXM in 2027?

According to the historical price performance prediction model of NXM, the price of NXM is expected to reach $59.75 at 2027.

Note: As with any crypto investment, investors should closely monitor NXM’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get NXM?

Purchasing NXM with cash is not the only way to obtain NXM. If you have enough time, you can get NXM for free.

Learn how to get Hot rewards for free with NXM.

Earn free NXM by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get NXM airdrops for free.

All crypto airdrops and rewards can be exchanged for NXM through LBank spot trading.

Buy NXM starting from $1

What is NXM used for and how to use it?

The use cases for NXM may grow with the development of the crypto market and project progress. Currently, you can use NXM to:

Arbitrage trading of NXM

NXM is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many NXM trading pairs to suit your needs.

Earn yield with NXM

You can also lend out NXM or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your NXM gains.

Send or pay with NXM

If you want to pay someone with NXM, you can easily and quickly send NXM to them using their receiving address.

You can also visit the official website of Nexus Mutual to learn more use cases of NXM, such as whether the Nexus Mutual project supports community/eco apps or buying physical or virtual goods with NXM.