coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Give Feedback
Rank #432
Wrapped NXM Price (WNXM)
Wrapped NXM (WNXM)
$15.96 -5.2%
0.00074461 BTC -5.2%
0.01280597 ETH -6.7%
5,544 people like this
$15.16
24H Range
$17.38
Market Cap $44,739,765
24 Hour Trading Vol $12,191,731
Fully Diluted Valuation $44,739,765
Circulating Supply 2,799,313
Total Supply 2,799,313
Max Supply 2,799,313
Show More Info
Hide Info

WNXM
USD
USD

Wrapped NXM Price Chart (WNXM/USD)

Last updated 11:29AM UTC. Currency in USD.

Live Chart

We're indexing our data. Come back later!

1h
24h
7d
14d
30d
1y
0.3%
-5.2%
85.3%
6.6%
-8.6%
-67.7%

WNXM Price Statistics

Wrapped NXM Price Today
Wrapped NXM Price $15.87
24h Low / 24h High $15.16 / $17.38
7d Low / 7d High $8.80 / $19.43
Trading Volume $12,423,587
Market Cap Rank #432
Market Cap $44,739,765
Market Cap Dominance 0.004%
Volume / Market Cap 0.2706
All-Time High $130.82 -87.8%
May 12, 2021 (about 1 year)
All-Time Low $8.14 96.2%
Jul 27, 2020 (almost 2 years)

WNXM Price Today

Wrapped NXM price today is $15.96 with a 24-hour trading volume of $12,191,731. WNXM price is down -5.2% in the last 24 hours. It has a circulating supply of 2.8 Million WNXM coins and a total supply of 2.8 Million. If you are looking to buy or sell Wrapped NXM, BingX is currently the most active exchange.

What was the highest price for Wrapped NXM?

Wrapped NXM hit an all time high of $130.82 on May 12, 2021 (about 1 year).

What was the lowest price for Wrapped NXM?

Wrapped NXM had an all time low of $8.14 on Jul 27, 2020 (almost 2 years).

What was the 24 hour trading volume of Wrapped NXM?

The 24 hour trading volume of Wrapped NXM is $12,191,731.

Where can Wrapped NXM be traded?

You can trade Wrapped NXM on BingX, Bitrue, and Binance. Popular trading pairs for Wrapped NXM in the market includes WNXM/USD, WNXM/CAD, WNXM/EUR, WNXM/PHP, WNXM/INR, and WNXM/IDR.

 

What is wNXM?

NXM token itself is created solely for internal use within the Nexus Mutual protocol and all of its holders must go through KYC. As such, a wrapped version is created to allow more users to own the token without having to do KYC. In the meantime it also improves its liquidity outside the protocol’s bonding curve by being listed on exchanges such as Uniswap and Binance. 

To make use of the wNXM token, it first needs to be unwrapped into NXM by a registered member of Nexus Mutual. After it is unwrapped, wNXM becomes NXM and can be used as a normal token on the Nexus Mutual platform. 

 

What is Nexus Mutual?

Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo

 

How do I wrap/unwrap my NXM token?



  1. After obtaining NXM token through the Nexus Mutual protocol, head to https://je45e4c2q4x52s66qenp5aeyfonfsvkvupkf4ipefkzs364gbera.arweave.net/STnScFqHL91L3oEa_oCYK5pZVVWj1F4h5CqzLfuGCSI/#/




  2. Connect with Ethereum wallet. 



wnxm wrap unwrap nxm



  1. Four new categories will appear: NXM balance, wNXM balance, Can Wrap and Can Unwrap. Fill in the exact amount of NXM tokens that are planned to be wrap/unwrap. Click the approve button and wait for the Ethereum transaction to go through. Then, Can Wrap/Can Unwrap will be updated with the amount approved. 



wnxm wrap unwrap nxm



  1. Proceed to click Wrap/Unwrap and allow the Ethereum transaction to go through. 



 

Can the price of wNXM deviate from NXM?

Yes, wNXM’s price may deviate from NXM’s price. wNXM’s price follows market supply and demand while NXM’s price follows a bonding curve. This bonding curve is explained further on our Nexus Mutual page. 

During normal periods, price deviation will be cancelled out by arbitrageurs. However, when Nexus Mutual’s Minimum Capital Requirement (MCR%) hits 100%, wNXM’s price can drop much lower than NXM’s price. 

This happens when there is a rush to sell wNXM during a liquidity crunch. When the Minimum Capital Required (MCR%) hits 100%, NXM can no longer be sold for ETH through the bonding curve. The only way to sell NXM is to wrap it into wNXM and sell it at an exchange. 

For further information, please refer to https://nexusmutual.gitbook.io/docs/users/docs.

 

Where can I buy wNXM?

wNXM can be obtained through Uniswap (DEX) or Binance (CEX). 

Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

Looking for the latest alphas?
Access exclusive reports by CoinGecko analysts!
CoinGecko Premium

GeckoCon is back!
Join our flagship Web3 conference now!
GeckoCon 2022

Love bitesize videos?
Learn about the latest crypto trends, every week.
Watch Videos