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WNXM

Wrapped NXM

WNXM

₹0

LIVE

Price of WNXM today

The current live price of WNXM today is ₹0, with a 24-hour trading volume of ₹16,27,00,389.52. Our WNXM to INR price is updated in real-time. WNXM has seen a decrease of -6.26% in the last 24 hours. With a live market cap of ₹5,91,21,36,750.75 , the circulating supply is at 915,564 WNXM coins, with a maximum supply of 915,564WNXM coins.

Wrapped NXM Price History

Date ComparisonAmount Change% Change
Today₹0.00

0%

7 Days₹0.00

0%

30 Days₹0.00

0%

1 Year₹4,255.93

168.84%

Wrapped NXM Price Information

Price Change (1hr)

0%

Price Change (24hr)

0%

Price Change (7d)

0%

Wrapped NXM Market Stats

Market Cap

₹5,91,21,36,750.75

Fully Diluted Market Cap

₹5,91,21,36,750.75

24hr Volume

₹16,27,00,389.52

38.71%

Circulating Supply

915564.4 WNXM

Total Supply

915564.4 WNXM

Things to know about Wrapped NXM

What is Wrapped NXM (WNXM)?

Wrapped NXM (WNXM) is a blockchain-based token that represents a wrapped version of the NXM token, which is native to the Nexus Mutual platform. Nexus Mutual itself is a decentralized alternative to insurance, built on the Ethereum blockchain, offering coverage for various risks associated with smart contracts, technical failures, and other aspects of the crypto world. WNXM allows NXM tokens to be freely traded on Ethereum without the need for KYC (Know Your Customer) procedures required by Nexus Mutual, thus providing liquidity and accessibility to a broader audience.

Tokenomics

  • Token Symbol:

  • WNXM

  • Blockchain:

  • Ethereum (ERC20)

  • Total Supply:

  • 2,535,385 WNXM

  • Use Case:

  • Facilitates trading of NXM tokens outside the Nexus Mutual platform and participates in governance and claims assessment within the Nexus Mutual ecosystem.

Market Data

As of today #{today’s date}, the price of Wrapped NXM is ₹0 INR or #{coinPriceUsd} USD, with a 24-hour trading volume of 1758923.13 USD. The market capitalization for Wrapped NXM is 63914991.9USD. The circulating supply is 915564.4 Wrapped NXM, with the total supply also being 915564.4 Wrapped NXM.

Token Pros and Cons

Pros:

  • Accessibility:

  • WNXM makes NXM tokens accessible to a broader audience by allowing trading on Ethereum without Nexus Mutual’s KYC requirements.

  • Liquidity:

  • Being an ERC20 token, WNXM can be easily traded, providing liquidity to holders.

  • Community Project:

  • WNXM is a community-driven initiative that reflects strong backing and support from Nexus Mutual members.

  • Insurance Utility:

  • WNXM retains NXM's utility, allowing holders to participate in Nexus Mutual’s insurance ecosystem.

  • Security:

  • Backed by the robust security measures of Nexus Mutual, including regular audits and a bug bounty program.

Cons:

  • Complexity:

  • The concept of wrapped tokens and Nexus Mutual's insurance model might be complex for new users.

  • Market Volatility:

  • Like all cryptocurrencies, WNXM is subject to market volatility.

  • Regulatory Risks:

  • The evolving regulatory landscape for cryptocurrencies and insurance could impact WNXM.

  • Platform Dependency:

  • WNXM’s value and utility are closely tied to the success and adoption of Nexus Mutual.

  • Smart Contract Risks:

  • Being built on Ethereum, WNXM is subject to potential smart contract vulnerabilities.

Why Should You Invest in the Coin?

  • Innovative Insurance Model:

  • Nexus Mutual’s decentralized insurance model is pioneering, and WNXM plays a crucial role in this ecosystem.

  • Growth Potential:

  • As the DeFi space grows, the demand for decentralized insurance could increase, potentially raising WNXM’s value.

  • Community Support:

  • Strong community and developer support indicate a commitment to the project’s long-term success.

  • Liquidity and Accessibility:

  • WNXM’s ERC20 status makes it easily tradable, providing liquidity to investors.

  • Security Measures:

  • Nexus Mutual’s focus on security and implementing a bug bounty program may offer peace of mind to investors.

USP of the coin

  • Decentralized Insurance Utility:

  • WNXM is uniquely positioned within the decentralized insurance market, offering a novel utility not found in most other tokens.

  • Wrapped Token Model:

  • The ability to wrap NXM tokens to bypass KYC requirements for trading on Ethereum enhances accessibility and liquidity.

  • Community-Driven:

  • The project’s community-driven approach fosters engagement and participation in governance and decision-making.

Problem the coin is solving

WNXM solves the liquidity and accessibility problem for NXM tokens, making it easier for a broader audience to participate in the decentralized insurance offerings of Nexus Mutual without undergoing KYC procedures.

Founder and Team Background

Nexus Mutual, the platform associated with NXM and WNXM, was founded by Hugh Karp, an experienced insurance professional with a background in actuarial science.

ICO Price

The ICO price, listing date, or the initially allocated units for WNXM are not available online.

Risks Associated in Investing in the Coin

  • Market Volatility:

  • The cryptocurrency market is highly volatile, which can lead to significant price fluctuations.

  • Regulatory Uncertainty:

  • Changes in regulatory frameworks could impact WNXM’s utility and value.

  • Smart Contract Vulnerabilities:

  • Potential vulnerabilities in the smart contracts could lead to loss of funds.

  • Dependence on Nexus Mutual’s Success:

  • WNXM’s value is closely tied to the success and adoption of Nexus Mutual.

  • Complexity and Accessibility:

  • The complexity of understanding and using WNXM may deter potential investors.

Summary of the Whitepaper

The whitepaper of Wrapped NXM (WNXM) has yet to be published.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9250

0%

WNXM to Converter

Quantity

WNXM

WNXM

Price

fiat

Price as per 08:55 AM • 25 Jul 2024

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What is the price of Wrapped NXM (WNXM)?

The current price of Wrapped NXM (WNXM) in INR is ₹0 INR.

What is the current WNXM market cap?

The current market capitalization of Wrapped NXM (WNXM) is ₹5,91,21,36,750.75 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of WNXM by the number of coins in circulation.

What is the current supply of Wrapped NXM (WNXM)?

The current supply of Wrapped NXM (WNXM) is 915564.4 WNXM. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Wrapped NXM (WNXM)?

The 24-hour trading volume of Wrapped NXM (WNXM) in INR is ₹16,27,00,389.52. This figure represents the total value of all WNXM transactions across various exchanges within the last 24 hours.

How to Buy Wrapped NXM (WNXM) in India?

To buy Wrapped NXM (WNXM) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in WNXM.

Can I buy Wrapped NXM (WNXM) with UPI?

Yes, you can buy Wrapped NXM (WNXM) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Wrapped NXM (WNXM) to Indian Rupee (INR)?

To convert Wrapped NXM (WNXM) to Indian Rupee (INR), you can use our WNXM/INR conversion rates in real time.

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