Wrapped NXM (wNXM) is a 1-to-1 backed token that can only be generated by wrapping genuine NXM.

NXM can only be traded among Nexus Mutual members, while wNXM is fully tradable but can't be used at all within the Nexus Mutual protocol.

The Nexus Wrapper was created by Nexus Mutual members who wanted the option to wrap NXM into a token that could be traded on decentralized exchanges and centralized exchanges.

The Nexus Wrapper application was created by the PepperSec team.

Both the Nexus Wrapper and the wNXM token are managed by Nexus Mutual DAO community members.

If you would like to know where to buy Wrapped NXM at the current rate, the top cryptocurrency exchanges for trading Wrapped NXM stock are currently Binance, Uniswap V2, Uniswap V3, Huobi, and OKX. You can find others listed on our crypto exchanges page.

The Nexus Mutual protocol provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses. Within the protocol, the native token NXM is used to share risk and participate within the mutual.

The token leverages a bonding curve to determine the price, which is driven by how much capital the mutual has and how much capital it needs to meet all claim obligations with a certain probability.

The all-time high of WNXM was 134.14 USD on 2021-05-13, from which the coin is now down 61.763828835544956%. The all-time high price of Wrapped NXM (WNXM) is 134.14. The current price of WNXM is down 61.763828835544956% from its all-time high.

As of , there is currently 796,072.32 WNXM in circulation. WNXM has a maximum supply of 0.

The current market cap of WNXM is 40.83M. It is calculated by multiplying the current supply of WNXM by its real-time market price of 51.29.

The all-time low of WNXM was 7.82 , from which the coin is now up 555.8823529411765%. The all-time low price of Wrapped NXM (WNXM) is 7.82. The current price of WNXM is up 555.8823529411765% from its all-time low.

Wrapped NXM (WNXM) has a market capitalization of $40.83M and is ranked #602 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Wrapped NXM (WNXM) price trends and patterns to find the best time to purchase WNXM.