Equity Details
Price & Market Data
Price: $26.01
Daily Change: -$0.0208 / 0.08%
Daily Range: $26.01 - $26.04
Market Cap: $45,149,899
Daily Volume: 0
About Nexus Mutual (NXM)
Get quick and reliable data for Nexus Mutual (X:NXM). Price: 26.01, daily change: -$0.0208 / 0.08%. Market cap: 45,149,899. Performance across all periods for informed decisions.
Details
Nexus Mutual (NXM) is a decentralized insurance platform founded by Hugh Karp in 2017, built on the Ethereum blockchain. It empowers members to share risks and purchase various cover products. Governed by The Foundation and the Nexus Mutual DAO, the protocol allows for risk underwriting, claims management, and the creation of risk management enterprises. The NXM token, central to the ecosystem, facilitates on-chain and DAO governance, staking, and claims assessment. The token operates on a bonding curve model, ensuring a balance between having ample funds for claims and not hoarding excess capital.