WNXM Wrapped NXM
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.
Wrapped NXM (WNXM) yet to make Zipp headlines
When Zipp's editorial pipeline picks up a Wrapped NXM story, it lands here first. Until then, here are three useful paths:
Wrapped NXM (WNXM) — FAQ
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What is Wrapped NXM?
NXM token itself is created solely for internal use within the Nexus Mutual protocol and all of its holders must go through KYC.
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What kind of project is Wrapped NXM?
Wrapped NXM (WNXM) is categorised as: Crypto-Backed Tokens, Insurance, Wrapped-Tokens.
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Where is Wrapped NXM's official website?
The official Wrapped NXM site is https://nexusmutual.io/.
