Wrapped NXMPrice(WNXM)
Details Wrapped NXM (WNXM) Price information (USD)
The current real-time price of WNXM is $52.61. In the past 24 hours, WNXM has traded between $51.89 and $53.14, showing strong market activity. The all-time high of WNXM is $130.82, and the all-time low is $7.78.
From a short-term perspective, the price change of WNXM over the past 1 hour is
Wrapped NXM (WNXM) Market Information
Wrapped NXM (WNXM) Today's Price
The live price of WNXM today is $52.61, with a current market cap of $23.154M. The 24-hour trading volume is 69K. The price of WNXM to USD is updated in real time.
Wrapped NXM (WNXM) Price History (USD)
What is WRAPPED NXM (WNXM)?
When is the right time to buy WNXM? Should I buy or sell WNXM now?
Before deciding whether to buy or sell WNXM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WNXM technical analysis can provide you with trading references.
Future price trend of WNXM
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WNXM.
How much will WNXM be worth tomorrow, next week, or next month in ? What about your WNXM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WNXM Price Prediction
How to buy WRAPPED NXM (WNXM)
Convert WNXM to local currency
WNXM Resources
To learn more about WNXM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x741a...4131f3  | 86,403 | 19.63% |
ethereum | 0x963d...e4e12e | 64,122 | 14.57% |
ethereum | 0x28a5...38a6b0 | 24,022 | 5.46% |
ethereum | 0x586b...5e86e9 | 21,323 | 4.84% |
ethereum | 0x1c59...8dc3bb | 20,769.00 | 4.72% |
Other | 223.483K | 50.78% |
Hot Events
WRAPPED NXM (WNXM) FAQ
What is the fundamental difference between Nexus Mutual (NXM) and Wrapped NXM (WNXM)?
NXM is the native token of Nexus Mutual, essential for protocol functions like purchasing insurance cover, participating in staking, and contributing to governance. Its usage is restricted to KYC-verified members and managed through a specific protocol mechanism. WNXM, conversely, is an ERC-20 compliant "wrapper" token created by the community. It represents NXM on a 1-to-1 basis but is designed for unrestricted trading on public exchanges, such as LBank or Uniswap, enabling broader accessibility without the need for identity verification.
Do I need to complete identity verification (KYC) to hold or trade WNXM?
No, identity verification (KYC) is not required to hold or trade WNXM. This is a core purpose of WNXM's creation. While NXM, the native token, necessitates a membership process including KYC, WNXM is designed as an accessible ERC-20 token. This means any individual with a compatible Ethereum wallet can acquire, exchange, or possess WNXM without undergoing identity checks.
Can I use WNXM directly within the Nexus Mutual application for protocol functions?
No, WNXM cannot be directly utilized within the Nexus Mutual application for its primary functions. To engage in protocol activities such as acquiring insurance cover, participating in governance voting, or staking, you are required to convert your WNXM back into its native form, NXM. This unwrapping process, however, is contingent upon being a registered and verified member of the mutual.
Is it possible to stake WNXM directly to earn rewards from insurance premiums?
Directly staking WNXM to earn rewards from insurance premiums is not possible. To participate in the mutual's staking mechanism and potentially earn rewards, you must first convert your WNXM into NXM and then stake the NXM directly on the Nexus Mutual platform. Nevertheless, WNXM holders can explore opportunities to earn by providing liquidity for WNXM on decentralized exchanges, which typically generates trading fees from market activity.
How do users typically wrap NXM into WNXM or unwrap WNXM back to NXM?
The process of wrapping NXM to mint WNXM, or unwrapping WNXM to release NXM, is facilitated through the Nexus Wrapper. This is a community-developed interface designed for this specific purpose. Members of the Nexus Mutual ecosystem utilize this tool to lock their native NXM tokens and, in return, receive an equivalent 1-to-1 amount of WNXM. Conversely, burning WNXM through the same wrapper allows for the release of the corresponding NXM.
Why might the valuation of WNXM on the open market differ from that of NXM?
The valuation of WNXM often diverges from NXM primarily due to distinct pricing mechanisms. Historically, NXM's value was determined by a bonding curve, intrinsically linked to the mutual's capital status. WNXM, on the other hand, is valued by the dynamics of supply and demand within the open cryptocurrency market. While the mutual has since updated its mechanism to a Ratcheting AMM (RAMM) to enhance liquidity and align these values, the fundamental difference in how their values are established leads to market variations.
