Nexusn Mutual leverages the power of Ethereum to allow people to share risk without the need for an insurance company. Nexus Mutual adopts the risk-sharing model, and there is a risk-sharing pool behind it. The fund pool is managed by community members holding NXM token (the native token of Nexus Mutual) and votes to determine the validity of a specific claim.
wNXM is a 1:1 token of NXM (Nexus Mutual).

Project Introduction

WNXM tokens are NXM tokens that can be transferred freely. Only Nexus Mutual members who have passed KYC identity verification can convert between WNXM and NXM tokens.
NXM token is the membership token of Nexus Mutual, a mutual fund on Ethereum. Fund members can purchase smart contract insurance from the fund.
NXM tokens endow fund members with platform governance and maintenance rights.
90% of the NXM token trophies used to purchase insurance will be destroyed, and the remaining 10% will be used as insurance compensation funds.
Nexus Mutual utilizes a Continuous Token Model, where the unit price of NXM tokens depends on mutual fund returns.
The price of NXM tokens is based on the Minimum Capital Requirement (MCR), which is the minimum capital requirement for compensation, and MCR%, a parameter determined by fund members.