Details about Wrapped NXM cryptocurrency
€65,134,276 ( 0.65953%)
€2,319,180
1,075,936
1,075,936
49.451
Unknown
https://nexusmutual.io/
@NexusMutual
18230x
€1101830
Wrapped NXM price charts
WNXM exchanges
Wrapped NXM, the crypto
Wrapped NXM (WNXM) is a wrapped version of the Nexus Mutual token (NXM) that can be used on Ethereum-based blockchain platforms. It is designed to provide a bridge between the traditional insurance world and blockchain-based systems. WNXM was created to enable users to access liquidity on decentralized exchanges and other blockchain-based platforms without having to liquidate their NXM tokens.
The point
The main point of Wrapped NXM (WNXM) is to provide liquidity to users of the Nexus Mutual insurance platform by allowing them to hold their NXM tokens while still being able to trade them for other tokens or assets. This allows users to stay invested in the Nexus Mutual platform while still being able to access the wider DeFi ecosystem.
The problem
The problem that Wrapped NXM (WNXM) tries to solve is the lack of liquidity for the Nexus Mutual token (NXM) on decentralized exchanges and other blockchain-based platforms. Without liquidity, users are not able to effectively trade their NXM tokens or access other assets or tokens. Wrapped NXM (WNXM) provides a solution to this problem by allowing NXM token holders to wrap their tokens into an ERC-20 token that can be traded on Ethereum-based platforms.
Compare WNXM and BTC performance
| Timeframe | WNXM | BTC |
|---|---|---|
| 1h change | -0.962425 % | 1.00456 % |
| 24h change | 0.81 % | 0.313361 % |
| 7 day change | 4.68 % | 4.77707 % |
| 14 day change | -10.88 % | -8.09825 % |
| 30 day change | -12.59 % | -7.22448 % |
| 200 day change | 108.87 % | 127.217 % |
| Year change | 154.46 % | 133.126 % |