📍Project Rating: Nexus Mutual丨C $WNXM

This is what I said at the beginning, a relatively unpopular project, defined as: decentralized insurance

The core of Nexus Mutual is the risk-sharing mechanism. By purchasing NXM tokens to become a member, and share the risk, the scope of this risk business is mainly smart contract insurance, covering code vulnerabilities, hacker attacks, etc.

The coverage period can range from one day to several years, and the pledged insurance amount can range from 1 ETH to 50,000 DAI

When a smart contract event occurs, members can submit a claim application. The claim application will be evaluated and voted by NXM holders

In past public cases, Nexus Mutual has paid more than $5 million to FTX and BlockFi users

In addition, this WNXM is a packaged version of its governance token NXM that circulates on the market. It is one-to-one with NXM, but only NXM enjoys the rights of the agreement

Although this project has little market popularity, its circulation and historical trends are quite outstanding. It may be related to its own mechanism design. There will not be too much circulation in the market, which may lead to the market trend being relatively easy to manipulate

At the same time, it is different from other projects that are in a bad state, and the trend is quite good