NXM Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review NXM.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
NXM is the governance token for the Nexus Mutual protocol. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital.
There are 6,406,431.27 NXM in supply.
Pros of NXM
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of NXM
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is NXM Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, NXM is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about NXM on the comment section below. Don’t forget to rate and leave a review.