Wissel NXM NXM om naar Super Useless Token SUT

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. 

$SUT, short for Super Useless Token, is a playful and unique token central to the MORCHI mini-game experience. Players can earn $SUT by interacting daily with their MORCHI tapp, completing tasks like Chug Energy Drink, Gym Grind, and Cold Shower. $SUT serves multiple purposes within the game. It can be used to level up your MORCHI, with all tokens used for leveling being burned in the process. Additionally, $SUT is tradable on the DOOAR DEX, where it can be exchanged for GMT. The total supply of $SUT is capped at 66 million tokens, with 70% allocated to in-game rewards, 10% locked in a liquidity pool, and 20% reserved for the team and marketing events. As players level up their MORCHI, they burn $SUT but gain more rewards and higher earning potential. At every 5 levels, players can share an invite code with a friend to mint their own MORCHI. Special features are unlocked at Levels 10, 20, and 30, with significant earning increases at Level 10, and the ability to withdraw $SUT tokens starting at Level 20. Despite its playful name, $SUT is a crucial part of the MORCHI mini-game, adding both fun and strategic depth to the experience.