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Wrapped Nexus Mutual

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About Wrapped Nexus Mutual (WNXM)

Nexus Mutual is a Decentralized Autonomous Organization (DAO) that gives its token holders the power of claims assessment, risk management, and governance. The Nexus Mutual ecosystem has the potential to lower operational costs of and increase premiums returned to customers through the NXM token and decentralized governance.

Token

wNXM is a freely transferable wrapped version of NXM, the membership token native to Nexus Mutual. Only NXM members can wrap and unwrap tokens.

Supply

NXM tokens are minted by Nexus Mutual members who wish to purchase cover, stake on claims, assess risk of smart contracts, or vote on NXM governance decisions. wNXM can only be wrapped and unwrapped by Nexus Mutual members. There is no maximum supply.

Nexus Mutual website

The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.