NXM

What

What is Nexus Mutual (NXM)?

NXM is the ticker symbol for the cryptocurrency Nexus Mutual. It is a decentralized, open-source blockchain protocol and ecosystem that aims to provide a platform for building and deploying decentralized applications and networks that are scalable, secure, and interoperable. Nexus Mutual is a decentralized insurance platform built on Ethereum, it allows members to share risk by buying and selling coverage on smart contracts. It operates on a mutual structure, where members can purchase coverage and members can earn rewards for assessing claims. The token NXM is used to govern the platform and also as a means of paying for coverage.

Why

Why was Nexus Mutual (NXM) invented?

Nexus Mutual (NXM) was created as a decentralized insurance platform built on the Ethereum blockchain. The goal of the project is to provide a more efficient and transparent way for people to share and manage risk, as well as to create a decentralized and community-driven alternative to traditional insurance companies. The idea behind Nexus Mutual is that by using smart contracts to automate the process of buying and selling coverage, members can more easily and quickly access the protection they need. Additionally, by operating on a mutual structure, where members can purchase coverage and members can earn rewards for assessing claims, Nexus Mutual aims to create a more equitable and sustainable system for managing risk. In short, Nexus Mutual was created to offer a decentralized, transparent and community-driven alternative for traditional insurance.

Who

Who created Nexus Mutual (NXM)?

Nexus Mutual (NXM) was created by Hugh Karp, a software developer and entrepreneur from Sydney, Australia. He is the founder and CEO of Nexus Mutual. He created NXM with the goal of creating a more efficient and transparent way for people to share and manage risk, as well as to create a decentralized and community-driven alternative to traditional insurance companies. He has experience in the traditional insurance industry and saw the potential for blockchain technology to revolutionize the way insurance works. He founded Nexus Mutual in 2018 and the platform went live in 2019.

When

When was Nexus Mutual (NXM) launched?

2019

Where

Where can you buy/invest in Nexus Mutual (NXM)?