Bitaigen Research How many WNXM tokens are there?
The total supply of WNXM is 1,677,000 tokens, with the same amount in circulation, resulting in a 100 % circulation rate. All tokens reside on the Ethereum public blockchain.
We systematically review wNXM’s basic information from the perspectives of issuance mechanism, circulation status, and its role within the Nexus Mutual ecosystem, helping readers quickly assess the token’s positioning and potential value in decentralized insurance scenarios. The following sections will also analyze its market performance and risk factors, which are worth a close read.
Overview of WNXM Total and Circulating Supply
- Total supply: 1,677,000 tokens
- Circulating supply: 1,677,000 tokens (100 % circulation)
- Latest market data (2021‑08‑26 10:31)
- Price: $71.1164 USD
- Return on Investment: 555.78 %
- Market cap: $119 million USD
- 24‑hour trading volume: $54.3925 million USD
- Global rank: #147
Nexus Mutual is a decentralized insurance platform built on the Ethereum public chain, aiming to replace traditional insurance with a mutual risk‑sharing pool. The platform’s native token is NXM, and wNXM is a 1:1 wrapped version of NXM.
The Role of Smart‑Contract Insurance
- Provides insurance coverage for smart contracts, helping to compensate losses caused by contract vulnerabilities.
- Utilizes a claims process that combines code audits with human assessment, reducing reliance on pure code‑audit risk.
Factors Worth Noticing About WNXM
- DeFi insurance is still in its early stage, and Nexus Mutual is currently the leading project in this space.
- The NXM token grants holders governance rights and coverage participation, and its value is influenced by the MCR (Minimum Capital Requirement) curve.
- Short‑term speculative price swings may occur, but over the long term, growing DeFi user demand could support a steady appreciation of the token’s value.
Existing Governance Challenges
- The framework includes a human‑assessment component, which carries the risk of malicious evaluations that could negatively affect network governance.
- Optimizing the assessment process and enhancing transparency are key issues that Nexus Mutual needs to address.
The above provides a complete overview of how many WNXM tokens exist as well as their issuance and circulation details. For more information on WNXM, follow Bitaigen (BitRoot) and its related sections.
Related Reading
- DOGEKING Token Surge: Full Supply Breakdown & Issuance Details
- Trust Wallet: Features, Cross‑Chain Use Cases & dApp Tips
- Find Token Holders on Etherscan via Ethereum Block Explorer
💡 Register on Binance with referral code B2345 for the maximum trading fee discount. See Binance complete guide.
