Cryptos:  11,128Exchanges:  391Market Cap:  $1,622,851,805,77624h Vol:  $82,681,584,379Dominance:  BTC: 46.4% ETH: 18.8%ETH Gas:  28 Gwei
Cryptos:  11,128Exchanges:  391Market Cap:  $1,622,851,805,77624h Vol:  $82,681,584,379Dominance:  BTC: 46.4% ETH: 18.8%ETH Gas:  28 Gwei
Please note that only Wrapped NXM (wNXM) tokens are freely tradable outside of the Nexus Mutual platform. Native NXM tokens are only available on the Nexus Mutual platform.
NXM

NXMNXM

Rank #218
Token
On 17,632 watchlists

NXM Price (NXM)

$99.79
0.92%

0.00249 BTC0.92%

0.03817 ETH0.92%

Low:$96.02
High:$102.88
24h
NXM  NXM NXMPrice: $99.79 0.92%
Market Cap
$639,390,408
0.92%
Market Cap / TVL Ratio
1.55
Fully Diluted Market Cap
$688,992,931
21.84%
Total Value Locked (TVL)
$411,660,198
Volume
24h
$818
25.03%
Volume / Market Cap
0.00000128
Circulating Supply
6,407,435.45 NXM
Max Supply
--
Total Supply
6,904,510
Sponsored

NXM Chart

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NXM Price Live Data

The live NXM price today is $99.79 USD with a 24-hour trading volume of $818.23 USD. NXM is up 0.92% in the last 24 hours. The current CoinMarketCap ranking is #218, with a live market cap of $639,390,408 USD. It has a circulating supply of 6,407,435 NXM coins and the max. supply is not available.

If you would like to know where to buy NXM, the top exchange for trading in NXM is currently Nexus Mutual. You can find others listed on our crypto exchanges page.

What Is NXM (NXM)?

Launched in May 2019, Nexus Mutual is a decentralized insurance protocol built on Ethereum. It offers users the ability to take out covers on smart contracts through the usage of its native token NXM.

Nexus Mutual uses a risk-sharing pool that allows anyone to purchase on insurance cover or contribute their capital to the pool for future rewards. Nexus Mutual tries to disrupt the insurance industry by transitioning the power over the pooled resources to the individual people. Anyone is allowed to participate, as the mutual is owned by its members. Users can contribute Ethereum (ETH) to the pool for NXM.

Who Are the Founders of NXM?

NXM was founded by Hugh Karp. Before founding NXM, he worked as the CFO of Munich Re.

He has also worked as an actuary in life insurance at MLC & Nab Health.

What Makes NXM Unique?

Nexus Mutual is taking on the issue of smart contract vulnerability and provides users with a level of protection that can help avoid losses.

Nexus Mutual’s first product were smart contract covers that provided protection for value storing contracts. In order for the project to start processing claims, it needed to reach a pool of 12,000 ETH, which was achieved two months after the launch.

The NXM token represents the membership rights in Nexus Mutual, along with the ability to participate within the ecosystem through claim and risk assessments and governance. The token leverages a bonding curve to determine the price, which is driven by how much capital the Mutual has and how much capital it needs to meet all of the claims with a certain probability.

Users can stake NXM to vote on claim assessments and on whether or not a certain claim needs to be paid out. The members who decide to vote in accordance with the consensus are rewarded with NXM, whereas the ones that vote against it have their tokens locked for a period of time.

Members fulfill several roles, one of which is that of assessing the risk of each smart contract. Whenever a claim is filed, they are responsible for voting on the legitimacy of that claim and on whether the payout can be made or not.

Members can also use their tokens to vote on smart contracts based on how secure they think each particular contract is. The more NXM is staked on a smart contract, the cheaper it becomes to purchase cover for it; the large amount at stake is an indicator that the contract is considered safe by many members.

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Increase your crypto knowledge with the CoinMarketCap blog.

How Many NXM (NXM) Coins Are There in Circulation?

NXM has a circulating supply of 6,375,553 tokens as of March 2021, while maximum supply data is not available.

How Is the NXM Network Secured?

Nexus Mutual is a decentralized network that uses Ethereum to help people share risk without the need for an insurance company. Risk assessors can stake on contracts they think are completely secure.

Where Can You Buy NXM (NXM)?

As of March 2021, the only available market for NXM (NXM) is Nexus Mutual. Note that only wrapped NXM (wNXM) tokens are freely tradable outside of the Nexus Mutual platform.

If you want to get an in-depth look at how to buy Bitcoin (BTC) and other cryptocurrencies, read our comprehensive guide.

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NXM

NXM

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USD

United States Dollar

NXM Price Statistics

NXM Price Today
NXM Price$99.79
Price Change24h$0.912
0.92%
24h Low / 24h High
$96.02 /
$102.88
Trading Volume24h$818.23
25.03%
Volume / Market Cap0.00000128
Market Dominance0.04%
Market Rank#218
Total Value Locked (TVL)$411,660,198
NXM Market Cap
Market Cap$639,390,407.63
0.92%
Fully Diluted Market Cap$688,992,931.43
21.84%
NXM Price Yesterday
Yesterday's Low / High
$96.22 /
$102.88
Yesterday's Open / Close
$96.80 /
$97.95
Yesterday's Change

1.18%

Yesterday's Volume$7,870.08
NXM Price History
7d Low / 7d High
$82.30 /
$102.88
30d Low / 30d High
$65.93 /
$102.88
90d Low / 90d High
$28.24 /
$166.94
52 Week Low / 52 Week High
$10.92 /
$166.94
All Time High
May 12, 2021 (3 months ago)
$166.94
40.23%
All Time Low
Jul 23, 2020 (a year ago)
$6.84
1358.35%
NXM ROI

1001.59%

NXM Supply
Circulating Supply6,407,435 NXM
Total Supply6,904,510 NXM
Max SupplyNo Data