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Wrapped NXM can be traded using Coinbase Wallet, your key to the world of crypto.

About Wrapped NXM

WrappedNXM (wNXM) is a 1-to-1 backed token generated by wrapping genuine NXM. In brief, wrapped tokens are the cryptocurrencies that are pegged or attached to the value of another crypto or assets. Thus, it bypasses the limitation of transferring native coins, i.e., tokens that reside on native blockchains. Here, NXM is an ERC20-compatible token of the Nexus Mutual protocol, a decentralized alternative to insurance. Nexus Mutual is a digital cooperative that complies with the relevant laws and regulations of the country from where it accepts members. The project aims to provide the community members with simple, transparent, accessible, and affordable financial protection against their risks. Although fully tradable, wNXM cannot be used within the Nexus Mutual platform. Since NXM is traded only among members, only Nexus Mutual members can wrap/unwrap NXM.

According to the website, the key features of the NXM project seek to be the following:

In addition, the NXM token aims to bind together the internal economics of the mutual by seeking to reward the active members for participating in the day-to-day operations of the mutual. Besides this, token-driven economic incentives aim to enforce claims payments. Token also works as a capital provider to the mutual. As the mutual’s capital pool increases, the value of NXM seeks to also increase. 

Nexus Mutual was founded by Hugh Karp. He is an insurance professional with experience in a broad range of insurance and reinsurance roles. Also, he has been a blockchain enthusiast since 2011.

Market

France Market Stats

Market cap

€82.3M

Volume (24h)

€34.0M

Circulating supply

1.3M WNXM

All time high

€125.43

Price change (1h)

-1.02%

Price change (24h)

+5.51%

Price change (7d)

+3.46%

France News about Wrapped NXM

BeInCrypto • Apr 27, 24

Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS)

Vitalik Buterin said the PoS transition was necessary to align with the network's long term goal and also address energy consumption concerns.The post Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS) appeared first on BeInCrypto.

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The Block • Apr 27, 24

DOJ says Roman Storm did much more than just write code in response to defense’s dismissal motion

Government prosecutors have contested the notion that the Tornado Cash developer's case is all about the freedom to write code for the blockchain.

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The Defiant • Apr 27, 24

Our Most Read Stories This Week: Telegram & Stripe Payments; $12M CryptoPunk; Consensys vs. SEC; Renzo Depeg

The Defiant's most read stories for the week of April 22.

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BeInCrypto • Apr 27, 24

Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights

This move reflects Oklahoma's commitment to protecting its residents' Bitcoin ownership rights amid ongoing regulatory challenges facing the cryptocurrency industry nationwide.The post Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights appeared first on BeInCrypto.

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BeInCrypto • Apr 27, 24

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries.The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto.

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Decrypt • Apr 27, 24

This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again

Bonk, Pepe, and Floki are among the biggest gainers of the past seven days.

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Wrapped NXM is on the rise this week.

The price of Wrapped NXM has decreased by 1.02% in the last hour and increased by 5.51% in the past 24 hours. Wrapped NXM’s price has also risen by 3.46% in the past week. The current price is €64.35 per WNXM with a 24-hour trading volume of €34.05M. Currently, Wrapped NXM is valued at 48.70% below its all time high of €125.43. This all-time high was the highest price paid for Wrapped NXM since its launch.

The current circulating supply of Wrapped NXM is 1,278,534.291 WNXM which means that Wrapped NXM has as total market cap of 1,278,534.291.

FAQ

What is the current price of Wrapped NXM?

We update our Wrapped NXM to EUR currency in real-time. Get the live price of Wrapped NXM on Coinbase.

What is the market cap of Wrapped NXM?

The current market cap of Wrapped NXM is €82.28M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Wrapped NXM?

The all-time high of Wrapped NXM is €125.43. This all-time high is highest price paid for Wrapped NXM since it was launched.

What is the 24 hour trading volume of Wrapped NXM?

Over the last 24 hours, the trading volume of Wrapped NXM is €34.05M.

What other assets are similar to Wrapped NXM?

Assets that have a similar market cap to Wrapped NXM include The Root Network, ARPA Chain, Gods Unchained, and many others. To see a full list, see our comparable market cap assets.

How many Wrapped NXM are there?

The current circulating supply of Wrapped NXM is 1.3 million.

Can I buy Wrapped NXM on Coinbase?

Yes, Wrapped NXM is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Wrapped NXM guide.