Is Nexus mutual the answer to insurance in the cryptocurrency space?

Attaining a degree of insurance is often difficult, if not impossible. Nexus Mutual may offer a solution, although it may only be a stepping stone to more versatile offerings. It is commendable to see projects acknowledge the demand for insurance in the cryptocurrency space.

What are Nexus mutual's smart contract covers?

Nexus Mutual's first product, "Smart Contract Covers," helps members of the mutual protect themselves from smart contract vulnerabilities. The platform's native token, NXM, can only be purchased on Nexus Mutual and token holders are also technically members.

What is Nexus mutual (NxM)?

Nexus Mutual is a decentralized network that uses Ethereum to help people share risk without the need for an insurance company. Members coordinate with one another through the Nexus Mutual protocol in order to buy cover, stake NXM, assess risk and claims, and participate in governance. Where Can You Buy NXM (NXM)?

What is wrapped version of Nexus mutual token?

Wrapped version of Nexus Mutual Token is freely transferable and only NXM holders can wrap or unwrap NXM. As NXM can be only used within the Nexus Mutual platform, its wrapped version allows transferring its underlying value anywhere in the defi space.