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NexusMutual

Cryptocurrency Insurance

Nexus Mutual covers its users against contract failures and exchange hacks.

NexusMutual

Overview

What is

NexusMutual

Nexus Mutual covers its users against contract failures and exchange hacks.

NexusMutual

fees

Taker fee =
Maker fee =

NexusMutual

supported currencies

Twitter
@NexusMutual
Available in the US?
Year founded
2019
Accepted payment forms for
NexusMutual
No items found.

Pros

  • Easy to hold the tokens that represent the users membership rights. .
  • Anyone can become user of Nexus Mutual by buying various NXM tokens
  • Higher Bandwidth in staking.


Cons

  • Beginners face some token wallet malfunctioning or fat-finger errors

Features

  • Smart contract cover
  • A blockchain based solution

NexusMutual

Review

What is Nexus mutual?

Founded by a veteran of the insurance industry - Hugh Karp - with nearly two decades of experience. He is joined by a handful of other team members and advisors. The project also has the backing of a number of venture firms, such as Kinetic, Blockchain Capital, and Version One. In addition, notable partners include Solidified and London Crypto Services.

Nexus Mutual leverages the power of Ethereum to allow its users to share risk without the need for insurance companies. Protect yourself from potential bugs and risk in smart contract code. You are covered for events such as the DAO hack and Parity multisig wallet issues. Nexus Mutual is entirely run by its members. 

Only members can determine which claims are valid. All member decisions are recorded on the Ethereum public blockchain and enforced through smart contracts. Smart Contract Cover is not an insurance contract. Claims will be decided by fellow members. Claims payments can be enforced using token-driven economic incentives, rather than trusting an insurance company. Tokenization of the mutual allows for scalable ways to raise risk capital. The model encourages an inflow of funds.

Year Founded: 
2019
Check out NexusMutual now
@NexusMutual

NexusMutual

FAQs

Is
NexusMutual
centralized or decentralized?

NexusMutual

is a

Cryptocurrency Insurance

Is
NexusMutual
available in the US?

Yes,

NexusMutual

is available for users in the United States.

No,

NexusMutual

is not available for users in the United States.

How many cryptocurrencies does
NexusMutual
support?

NexusMutual

supports

How many collections does
NexusMutual
support?

NexusMutual

supports

Customer Reviews Of 

NexusMutual