WeatherXM (WXM)

WeatherXM (WXM) is a community-powered weather network that aims to revolutionize how weather data is collected and utilized. It provides accurate weather services to Web3 enterprises and rewards weather station owners through a revenue-sharing mechanism. With the support of blockchain and IoT technologies, WeatherXM creates a global weather network that incentivizes users to share their local weather station data. By contributing to the network, users help improve local forecasts while earning WXM tokens.

WeatherXM offers hyper-local and accurate forecasts for various industries, including agriculture, renewable energy, and maritime. Farmers can benefit from the minimized cost of weather station acquisition and access parametric weather crop insurance on-chain, reducing the risk of bad weather conditions. Renewable energy projects can deploy ad-hoc weather data networks to identify optimal locations for wind farm projects. Ports can rely on hyper-local accurate forecasts for effective operations. By joining WeatherXM, users become part of the fastest-growing people-powered weather data network, unlocking the data’s potential to drive real change.

The WXM token is the native cryptocurrency of the WeatherXM ecosystem. It operates within a weather data economy that utilizes a burn and mint equilibrium model. In this model, Data Credits (DC), pegged to USD, are used for purchasing weather data or consuming weather services. WXM tokens are mined by contributing weather station data and can be exchanged for DC. This creates a sustainable and equitable system where the total supply of WXM tokens is reduced through burning, ensuring a balance between supply and demand. WeatherXM is developed by a pioneering team of engineers and supported by iconic investors, leveraging technologies like Web3, IoT, and machine learning to revolutionize weather data collection for a positive impact on the planet and the lives of millions.