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What is Wrapped Nexus Mutual (wNXM)?

Crypto Terms Glossary: What is Wrapped Nexus Mutual (wNXM)?

Wrapped Nexus Mutual (wNXM) is a one-to-one ERC-20 representation of the Nexus Mutual token (NXM), which is the native token of the Nexus Mutual platform, a decentralized alternative to insurance. While NXM can only be held by members of Nexus Mutual, wNXM can be owned by anyone with an Ethereum address.

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