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Wrapped NXM Price (WNXM)
$31.31
2.39%
Wrapped NXM Price Chart (WNXM/USD)
Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Binance |
WNXM / USDT | $8.40 | 0.12% | $717,634 | |
| 2 |
 Huobi Global |
WNXM / USDT | $29.66 | 0.01% | $468,865 | |
| 3 |
 WhiteBIT |
WNXM / USDT | $31.12 | 0.24% | $390,995 | |
| 4 |
 CoinW |
WNXM / USDT | $31.77 | 0.41% | $387,538 | |
| 5 |
 Bitazza |
WNXM / USDT | $31.42 | 0.47% | $79,376 | |
| 6 |
 Bitrue |
WNXM / USDT | $30.54 | 0.10% | $64,431 | |
| 7 |
 MEXC Global |
WNXM / ETH | $14.37 | 0.11% | $42,320 | |
| 8 |
MEXC Global |
WNXM / USDT | $30.94 | 0.20% | $16,209 | |
| 9 |
 KuCoin |
WNXM / USDT | $14.47 | 0.57% | $14,777 | |
| 10 |
 Bilaxy |
WNXM / ETH | $10.02 | 1.48% | $13,959 | |
| 11 |
 OKX |
WNXM / USDT | $23.94 | 0.38% | $10,612 | |
| 12 |
 CoinEx |
WNXM / USDT | $31.33 | 0.06% | $3,784 | |
| 13 |
 BingX |
WNXM / USDT | $30.43 | 0.59% | $2,845 | |
| 14 |
 Nominex |
WNXM / USDT | $31.13 | 0.16% | $2,442 | |
| 15 |
Bitazza |
WNXM / THB | $31.49 | 0.70% | $2,161 | |
| 16 |
KuCoin |
WNXM / BTC | $14.56 | 0.99% | $1,669 | |
| 17 |
Bilaxy |
WNXM / USDT | $29.08 | 1.13% | $17,758 | |
| 18 |
 Pionex |
WNXM / USDT | $29.29 | 0.16% | $757 | |
| 19 |
 CEX.IO |
WNXM / USD | $26.00 | 33.65% | $20 | |
| 20 |
 Bancor Network |
WNXM / BNT | $12.43 | 0.60% | $102,500 | |
| 21 |
 Poloniex |
WNXM / USDT | $30.47 | 8.81% | $517 |
WNXM Price Statistics
- Wrapped NXM Price Now $31
- 24h Low / 24h High $31 / $32
- Trading Volume $1,224,683
- Market Cap Rank #316
- Market Cap $74,433,435
- Volume / Market Cap 0.0165
-
All-Time High
$131 -76.08%
May 12, 2021 -
All-Time Low
$8 302.21%
Dec 30, 2022
Wrapped NXM: Unleashing the Potential of Crypto Insurance
What is Wrapped NXM?
Wrapped NXM (wNXM) is a cryptocurrency that represents the tokenized form of NXM, the native governance token of Nexus Mutual.
Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It aims to provide coverage for smart contract risks, allowing users to protect themselves against potential financial losses due to breaches and vulnerabilities in smart contract codes.
How Does it Work?
Wrapped NXM allows for greater liquidity and accessibility to the NXM token, which is otherwise less liquid due to its need to be staked for cover and used for governance purposes within the Nexus Mutual ecosystem.
By wrapping the NXM token, users can trade it on various decentralized exchanges (DEXs) and access additional features, such as earning yield through lending platforms or using it as collateral for loans.
Benefits of Wrapped NXM
1. Enhanced Liquidity: Wrapping NXM token brings more liquidity to the market, making it easier for users to buy, sell, or trade the cryptocurrency.
2. Accessibility: By transforming NXM into wNXM, it becomes easier for users to participate in the Nexus Mutual ecosystem without going through the process of staking NXM for cover or governance.
3. Additional Utility: wNXM can be used as collateral for borrowing, enabling users to access loans or earn yield through lending platforms. This flexibility enhances the potential utility of the wrapped token.
4. Trading Opportunities: The increased liquidity of wNXM opens up new trading opportunities for cryptocurrency enthusiasts, as it can be easily exchanged on DEXs alongside other digital assets.
Wrap Up
The introduction of Wrapped NXM has revolutionized the accessibility and liquidity of Nexus Mutual's native token, NXM. By wrapping NXM into wNXM, users gain the ability to trade, borrow, and earn yield with greater ease, thereby unlocking the full potential of crypto insurance. Whether you are an investor, trader, or someone interested in participating in the Nexus Mutual ecosystem, exploring Wrapped NXM can prove to be a rewarding experience.