Using the power of Ethereum, people can share risks without the need for insurance companies.
It's a decentralized alternative to insurance.
Anyone can become a member and purchase coverage.
Addresses the issue of smart contract vulnerabilities, providing users with a level of protection that helps them avoid losses.
The first product was a smart contract cover to protect value-preserving contracts.
The first product was a smart contract cover to protect value-preserving contracts. The token grants membership in Nexus Mutual and the ability to participate in the ecosystem through claims and risk assessment and governance.
The price is determined using a coupling curve. The price is determined by the amount of capital the mutual has and the amount of capital required to meet all claims with a given probability.
Members who decide to vote according to consensus will receive NXM, while members who vote against will have their tokens locked for a period of time.
Members are responsible for voting on the legitimacy of a claim and whether or not it can be paid whenever it is submitted.
Members can also use their tokens to vote on smart contracts based on the security of each specific contract.
Official website : https://nexusmutual.io/
