What is the NXM token?
The NXM token is the native token of the Nexus Mutual crypto project.
It is an Ethereum-based ERC-20 token that is used to incentivize members of the Nexus Mutual community to provide risk coverage for smart contracts. The NXM token is used to reward members who provide risk coverage, as well as to pay for services within the Nexus Mutual platform. It also serves as a governance token, allowing holders to vote on important decisions related to the project.
Additionally, NXM tokens can be staked in order to receive rewards in the form of additional NXM tokens.
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