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.
What is the highest value Nexus Mutual (NXM) has ever reached?
Nexus Mutual (NXM) reached its peak price at 185.97 $ on 10 November 2021, approximately 4 years ago ago. Presently, the current price is -41.23% lower than this all-time high.
What is the historical minimum price for Nexus Mutual (NXM)?
The minimum price reached for Nexus Mutual (NXM) was 6.96 $, documented on 22 July 2020, more than 5 years ago. In comparison, the current price is 1,470.11%, it above this historical low.
What is the fully diluted valuation of Nexus Mutual (NXM)?
The fully diluted valuation (FDV) of Nexus Mutual (NXM) stands at $ 222,49 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 2,244,012.665 NXM tokens. The realization of this FDV might take several years depending on the emission schedule of NXM tokens.
How to add Nexus Mutual (NXM) to MetaMask?
By integrating Nexus Mutual (NXM) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import NXM as a token. You can either manually import NXM by copying its contract address (0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b) or use MetaMask's Chrome extension to add NXM with a single click through P.CASH.
How to add Nexus Mutual (NXM) to TrustWallet?
Incorporating Nexus Mutual (NXM) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include NXM, you can either manually import it using the contract address (0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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