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.

Actualizamos nuestro Wrapped NXM a EUR en tiempo real. Obtén el precio de Wrapped NXM actual en Coinbase.

La capitalización de mercado actual de Wrapped NXM es de16,124 M €. Una capitalización de mercado alta implica que el activo está muy valorado dentro del mercado.

El máximo histórico de Wrapped NXM es 0,00000000000000006352 €. Este valor representa el precio más alto pagado por Wrapped NXM desde su lanzamiento.

Durante las últimas 24 horas, el volumen de negociación de Wrapped NXM ha sido de 1,325 mil €.

Entre los activos que tienen una capitalización de mercado similar a Wrapped NXM se encuentran Chain-key Bitcoin, Tether Avalanche Bridged, Savings crvUSD y muchos otros. Para ver una lista completa, consulta nuestros activos con capitalización de mercado comparable.

Actualmente, Wrapped NXM cuenta con un suministro en circulación de 334 mil.