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.
Where is Wrapped NXM available for purchase?
You can exchange WNXM tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Wrapped NXM is Uniswap V3 (Ethereum), notably the WNXM/WETH pair, which saw a trading volume of $ 542,315 in the past day. Additionally, MEXC and Gate are popular alternatives for trading tokens.
What is the highest value Wrapped NXM (WNXM) has ever reached?
Wrapped NXM (WNXM) reached its peak price at 130.82 $ on 12 May 2021, approximately 4 years ago ago. Presently, the current price is -21.35% lower than this all-time high.
What is the historical minimum price for Wrapped NXM (WNXM)?
The minimum price reached for Wrapped NXM (WNXM) was 7.78 $, documented on 30 December 2022, more than 3 years ago. In comparison, the current price is 1,222.36%, it above this historical low.
What is the fully diluted valuation of Wrapped NXM (WNXM)?
The fully diluted valuation (FDV) of Wrapped NXM (WNXM) stands at $ 58,72 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 582,504.743 WNXM tokens. The realization of this FDV might take several years depending on the emission schedule of WNXM tokens.
How to add Wrapped NXM (WNXM) to MetaMask?
By integrating Wrapped NXM (WNXM) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import WNXM as a token. You can either manually import WNXM by copying its contract address (0x0d438f3b5175bebc262bf23753c1e53d03432bde) or use MetaMask's Chrome extension to add WNXM with a single click through P.CASH.
How to add Wrapped NXM (WNXM) to TrustWallet?
Incorporating Wrapped NXM (WNXM) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include WNXM, you can either manually import it using the contract address (0x0d438f3b5175bebc262bf23753c1e53d03432bde) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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