Wrapped NXM wnxm #706

$104.73

-0.05% (1d)

Market Cap

$61.9M

BTC Price

FDV

$61.6M

Vol24h

$207.5K

Circulating Supply

588.4K wnxm

Total Supply

588.4K wnxm

Info

Website
Website Whitepaper
Community
Algorithm
Proof Type
Block Reward

0
All Time High

$130.82
ATL Date

05/12/2021

The current price of Wrapped NXM is $104.73 in USD. As of now, a total of 588.4K wnxm are in circulation across the market. Wrapped NXM has experienced a price change of -0.05% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Wrapped NXM trading volume on crypto exchanges has reached $207.5K.

- Changelly
- Crypto.com

Description

Wrapped NXM (WNXM) is an ERC-20 token that represents Nexus Mutual (NXM) on the Ethereum blockchain on a 1:1 basis (1 NXM can be converted to 1 WNXM, and vice-versa). Nexus Mutual (NXM) is a decentralized insurance platform founded by Hugh Karp in 2017, built on the Ethereum blockchain. It empowers members to share risks and purchase various cover products. Governed by The Foundation and the Nexus Mutual DAO, the protocol allows for risk underwriting, claims management, and the creation of risk management enterprises. The NXM token, central to the ecosystem, facilitates on-chain and DAO governance, staking, and claims assessment. The token operates on a bonding curve model, ensuring a balance between having ample funds for claims and not hoarding excess capital.