What is Wrapped NXM (WNXM)

1. Project Introduction
Nexus Mutual is a decentralized insurance protocol built on Ethereum that offers protection against smart contract vulnerabilities, aiming to replace traditional insurance models.
Users can pool funds and participate in the underwriting process, enabling cost savings and enhanced transparency.
The ecosystem is governed by the NXM token, while WNXM (Wrapped NXM) serves as a 1:1 liquid version of NXM for exchange trading.
The protocol rewards users for accurately assessing risks, creating a community-driven, decentralized alternative to insurance.
Summary:
Nexus Mutual offers a decentralized, transparent, and cost-effective insurance alternative for smart contract risks through community governance and a novel risk-sharing model.
2. Team & Investment Info
Founder: Hugh Karp
Over 15 years of experience in the insurance industry
Former CFO of UK Life at a global reinsurance company
Actuary focused on leveraging blockchain for decentralized insurance
CTO: Roxana Dănilă
Technologist passionate about privacy and personal freedom
Funding:
February 2021: Raised $2.7M in OTC funding led by Collider Ventures, with participation from 1confirmation, Blockchain Capital, 1kx, Dialectic, and Version One
May 2018: Raised $1.4M in seed funding from Kenetic Capital and KR1
3. Social Media URLs
X: https://x.com/nexusmutual
Discord: https://discord.gg/aQjkzW5
Telegram: https://t.me/joinchat/K_g-fA-3CmFwXumCKQUXkw
Medium: https://medium.com/nexus-mutual
4. Token Info
Token Symbol: WNXM
Total Supply: 2,535,385
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x0d438f3b5175bebc262bf23753c1e53d03432bde
Token Distribution:
WNXM is a fully circulating 1:1 wrapped version of NXM
5. Related Links
Official Website: https://nexusmutual.io/
GitHub: https://github.com/NexusMutual
LinkedIn: https://www.linkedin.com/company/nexus-mutual
Other Info: https://docs.nexusmutual.io/