Wrapped NXM company info

What does Wrapped NXM do?
Wrapped NXM (CRYPTO:WNXM) is a wrapped version of the NXM token, which is the native token of the Nexus Mutual protocol. WNXM is designed to make the NXM token more accessible to users and to improve its liquidity. WNXM is freely transferable and can be listed on exchanges, unlike NXM which is only transferable within the Nexus Mutual platform. WNXM is operated by the Nexus Mutual community and is already being adopted by a number of exchanges and other platforms. WNXM is currently listed on several exchanges, including Binance and Uniswap. WNXM is also used by a number of decentralized finance (DeFi) protocols, such as Aave and Compound. The objectives of WNXM are to make the NXM token more accessible to users, improve the liquidity of the NXM token, and enable new use cases for the NXM token. WNXM is a promising project with a strong community and a number of exciting developments underway. It is a project to watch in the coming years.
Wrapped NXM company media
Company Snapshot

How many people does Wrapped NXM employ?

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Employees
50+

What is the market cap for Wrapped NXM?

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Market Cap
$78.49M

Where is the head office for Wrapped NXM?

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Head Office
London, UK

What year was Wrapped NXM founded?

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Year Founded
2020
What does Wrapped NXM specialise in?
/Insurance

What are the products and/or services of Wrapped NXM?

Overview of Wrapped NXM offerings
Freely transferable: WNXM is freely transferable, unlike NXM which is only transferable within the Nexus Mutual platform. This means that WNXM can be traded on exchanges and used in a wider range of applications.
Improved accessibility: WNXM has made the NXM token more accessible to users. This is because WNXM is not subject to the same KYC and AML requirements as NXM.
Increased liquidity: WNXM has increased the liquidity of the NXM token. This makes it easier to buy and sell NXM, and it also reduces the volatility of the NXM price.
Listed on exchanges: WNXM is listed on a number of exchanges, including Binance and Uniswap. This makes it easy for users to buy and sell WNXM.
New use cases: WNXM has enabled new use cases for the NXM token. For example, WNXM can be used to create synthetic assets and derivatives.
Used by DeFi protocols: WNXM is used by a number of decentralized finance (DeFi) protocols, such as Aave and Compound. This means that users can use WNXM to participate in DeFi activities such as lending and borrowing.