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NXM
$0.00
($0)
26.53%
10.91%
9.38%
8.56%
6.70%
5.86%
4.78%
3.45%
2.72%
2.46%
Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code.
The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.
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Open-source contracts like NXM ensure transparency and align with code security best practices, lowering the risk of hidden vulnerabilities.
The NXM smart contract indicates a fixed structure, reducing the risk of unexpected changes that could lead to a rugpull.
NXM smart contracts has no minting capabilities which ensures a stable token supply, safeguarding against unexpected inflation that can devalue the price of NXM.
The deployer address of NXM is known. This can provide clarity and accountability, reducing the risk of unauthorized contract modifications that could lead to cryptocurrency fraud.
Non-reclaimable ownership of NXM ensures stability in contract governance, mitigating the risk of unexpected alterations that could compromise token security.
The NXM contract prevents its owners from altering token balances provide a layer of security against unauthorized modifications, protecting against potential crypto exit scams.
The absence of hidden owners in a contract enhances transparency and trust, reducing the likelihood of malicious manipulation and scams.
Contracts without a self-destruct feature can ensure long-term stability and reliability, safeguarding against sudden disappearance and loss of assets.
Contracts lacking external call capabilities maintain operational independence, minimizing dependency risks and enhancing solidity security.
Availability on DEXs indicates a NXM’s trade readiness and broader acceptance, possibly reflecting positively on its market presence and liquidity.
Tokens marked as purchasable, like NXM are accessible for direct swapping on Flooz.
NXM has fixed trading taxes which offers predictability in transaction costs associated with swapping on Flooz.
NXM is confirmed to NOT be honeypot. NXM is deemed safer for transactions, mitigating the risk of crypto scams and ensuring tradeability.
Contracts that cannot pause trading ensure continuous market access, supporting consistent liquidity and enable you to swap NXM any time on Flooz and other decentralized exchanges.
NXM has no blacklist function and thus promotes open and fair trading, reducing the risk of cryptocurrency scam and fraud.
The NXM solidity smart contract is lacking a whitelist feature. This ensures universal access to trading, fostering inclusivity and market participation and reduces the likelihood of crypto exit scams.
Contracts without anti-whale mechanisms like NXM allows for unrestricted transaction sizes and token holdings, which can lead to market dominance by large holders.
NXM has a fixed anti-whale limits which can offer consistency in trading rules, protecting the its holders from sudden policy shifts.
Contracts without a trading cooldown function like NXM allow for immediate subsequent swaps
The NXM owner cannot set a different tax rate for every wallet. Contracts that do not allow for individualized tax rates maintain uniform transaction conditions for all users, minimizing the risk of cryptocurrency scams.
Recognition as a famous and trustworthy token underscores established credibility and market acceptance, providing reassurance to investors about the token's reliability.
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