Currencies32904
Market Cap$ 2.83T+1.77%
24h Spot Volume$ 61.72B+14.4%
DominanceBTC58.86%+0.34%ETH7.72%-0.71%
ETH Gas0.52 Gwei
Cryptorank
MainCurrenciesNeptune Mutual
Open report modalReport issue
Neptune Mutual

Neptune Mutual NPMPrice N/A

NPM Price

N/A

General Info

Contracts/Explorers:

Tags (Sub-Categories):

# Inactive

Funds and Backers

Description

Neptune Mutual aims to parametrically protect digital assets from hacks and exploits

Neptune Mutual (NPM) Chart

Neptune Mutual price Index provides the latest NPM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

IDO

Raised

$ 300.00K

Price:

$ 0.230

Tokens For Sale:

1,304,347

Platform:

N/A

ATH ROI:

0.24x  -76%

Additional Data

ATH Market Cap

$ 2.80M

Max Supply

NPM 1,000,000,000

Total Supply

NPM 72,580,952

IDO ROI

100%

0.00x

All Time High

$ 0.0551

20 Nov 2023


All Time Low

$ 0.000115

30 Jul 2024

Trending Neptune Mutual Fiat Pairs

What is Neptune Mutual (NPM)?

Just like the traditional parametric cover products, Neptune Mutual cover pools provide guaranteed payouts upon triggering a set of the predefined event(s).

Cover purchasers are those who pay a fee to become policyholders. The policyholders will receive a special kind of token known as cxTokens or claim tokens. Theoretically, the

cxTokens could be cxDAI, cxUSDC, cxBUSD, etc. that represent a stablecoin. If a cover incident and resolution occurs, the user will be able to claim the cxDAI to receive an equal payout amount in DAI, minus the protocol fees.

Neptune is based on the parametric coverage model. It offers policyholders protection against loss resulting from a set event (also known as cover parameters). The policyholders pay a premium to get coverage for a fixed duration and desired amount. Once an incident occurs, as long as the parameters are triggered, and resolution is reached that the set event did occur, all cover purchasers are entitled to payout without being individually assessed. As a result, faster payout can be achieved given a claim does not need to go back and forth between the underwriters, claims assessors, loss adjusters, or any middlemen or centralized party; this helps platforms/cover creators to better manage their reputation and maintain their user base in the case of an incident occurrence.

Token Utility

  • Staking NPM tokens to provide liquidity and earning rewards.
  • Burn & Stake NPM tokens to create a new cover pool.
  • Stake NPM tokens to become incident reporter.
  • Stake NPM tokens to vote for the incident reporter or candidate reporter.

Trending Coins and Tokens Flame icon