2022-04-18 23:30:10
How to purchase Wrapped NXM (WNXM)

What is Wrapped NXM
NXM is the governance token for the Nexus Mutual protocol. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital. As the mutual’s capital pool increases, the value of NXM will increase as well.
The token’s price is determined using a bonding curve which is affected by both the amount of capital the mutual has and the amount of capital it needs to meet all claims with a certain probability.
How to buy WNXM?
  • How to buy WNXM on Neko Invest app
    For more information:
    How to download and use Neko Invest app
    • Step 1 :  Create/Login to your Neko Invest app account
    • Step 2 :  Go to Market page, click on the Search icon and search WNXM in the search bar.
    • Step 3 :  Click on WNXM logo and choose Invest.
    • Step 4 :  Entering the amount of WNXM that you want to buy. Then click on the Get Quotes button.
    • Step 5 :  Swipe the Swipe to swap button and now you own WNXM. You can check your WNXM balance in your wallet by going to Wallet page.
Contract Addresses
Wrapped NXM (Ethereum) : 0x0d438f3b5175bebc262bf23753c1e53d03432bde
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