| General information | |
|---|---|
| Global rank: | 523 |
| Name: |
Wrapped NXM |
| Symbol: | WNXM |
| Current coin price (MYR): | 316.38 RM |
| Last hour: | arrow_downward-3.69 % |
| Last 24 hours: | arrow_downward-7.24 % |
| Last 7 days: | -10.54 %trending_down |
| Capitalisation (MYR): | 306 817 700.68 RM |
| Volume 24h (MYR): | 129 662 664.00 RM |
| Available supply: | 969 790.00 WNXM |
| Algorithm: | ETH Token |
| Start date: | 08/07/2020 |
Wrapped NXM/Malaysian Ringgit (WNXM/MYR) price chart
Wrapped NXM/Malaysian Ringgit (WNXM/MYR) capitalisation and volume charts
Nexus Mutual is a decentralized alternative to insurance. It has used blockchain technology to create a mutual (a risk-sharing pool) to return the power of insurance to the people. The platform is built on the Ethereum public chain. It allows anyone to become a member and buy cover. It replaces the idea of a traditional insurance company because it is wholly owned by the members. The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment, and Governance.