NXM Profile (NXM)
Project Safety Score
Fri, Nov 26, 2021 7:46 AM
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.
Read more in the whitepaper:
NXM Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
NXM Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
NXM Safety Report
NXM has a safety score of 4.06
NXM is a small cap token.
NXM is suited to a adventurous investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- bitcointalk thread
- tradingview profile
NXM Red Flags
There are currently no NXM red flags.
NXM Development Score
The NXM project has 17 active source code repositories.
The most recent commit was Mon, Nov 22, 2021 2:03 PM
- 41 Watchers
- 106 Stars
- 65 Mentionable Users
- 0 Vulnerabilities
- 24 commits in the last 28 days.
- extremely high repo stars
- daily repo updates
- poor stars
- no watchers
- very poor mentionable users
NXM Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- A collection of articles to be just about confident of the sentiment
- The overall sentiment is very positive
NXM Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on NXM?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall NXM has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- average gitHub account watchers
- no reddit articles
NXM Awareness Score
The awareness score indicates how well NXM is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the NXM is but a good measure of longevity is how well the project is known by the general public.
Overall NXM this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- poor search result total
- poor number of news articles mentioning NXM
- very poor number of headlines about NXM
- very poor number of NXM YouTube videos
NXM Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Growing project age (released Jul 20, 2020)
NXM Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- very poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
NXM Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
Lots of missing data points
This profile is still waiting for the following data points
- bitcointalk thread
- tradingview profile
Market Cap Rank:
Bulls v Bears:
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