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.

We werken onze Wrapped NXM naar EUR valuta in realtime bij. Ontvang de actuele prijs van Wrapped NXM op Coinbase.

De huidige marktkapitalisatie van Wrapped NXM is € 31,75 mln.. Een hoge marktkapitalisatie houdt in dat het activum zeer gewaardeerd wordt door de markt.

Het hoogste punt ooit van Wrapped NXM is € 122,59. Dit hoogste punt ooit is de hoogste prijs die is betaald voor Wrapped NXM sinds de lancering.

In de afgelopen 24 uur was het handelsvolume van Wrapped NXM € 4,56 mln..

Activa die een vergelijkbare marktkapitalisatie hebben als Wrapped NXM , zijn onder meer Wrapped Origin Ether, Wrapped Matic, Thala APT en vele anderen. Voor een volledige lijst, zie onze vergelijkbare marktkapitalisatie-activa.

Het huidige circulerende aanbod van Wrapped NXM is 836 duizend.