What is the total supply of NXM tokens?
The total supply of NXM tokens is 1,000,000.
The NXM token is an ERC-20 token built on the Ethereum blockchain. It is used to incentivize members of the Nexus Mutual community to provide risk coverage for smart contracts and decentralized applications (dApps). The tokens are distributed in two ways: through airdrops and through staking rewards.
Airdrops are distributed to members of the community who have held a certain amount of ETH for a period of time. Staking rewards are distributed to members who stake their NXM tokens in order to provide risk coverage for smart contracts and dApps. The total supply of NXM tokens will remain fixed at 1,000,000 and no new tokens will be created.
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