Wrapped NXM (WNXM) is the freely transferable, ERC-20 compatible form of NXM, the native token of Nexus Mutual's decentralized insurance protocol. Because NXM itself is restricted to verified Nexus Mutual members, WNXM exists specifically to let non-members trade exposure to the underlying token on the open market. Swapping WNXM is common among users looking to enter or exit a position in the Nexus Mutual ecosystem without going through membership verification.
WNXM operates exclusively on Ethereum, so your receiving wallet must support ERC-20 tokens on the Ethereum mainnet — sending to an address on a different network will result in lost funds. Because WNXM is an ERC-20 token, transaction confirmation times depend on Ethereum network congestion at the time of your swap, so allow for some variability. No memo or destination tag is needed for WNXM. Before confirming your swap on Zest, review the rate and destination address shown in the widget — once a transaction is broadcast to Ethereum, it cannot be reversed.
Ethereum
Wrapped NXM (WNXM) is a cryptocurrency and operates on the Ethereum platform. Wrapped NXM has a current supply of 417,680.97324146. The last known price of Wrapped NXM is 46.20389637 USD and is up 3.86 over the last 24 hours. It is currently trading on 111 active market(s) with $9,055.04 traded over the last 24 hours. More information can be found at https://nexusmutual.io/.
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