WeatherXM Price

WeatherXM is a cryptocurrency that powers the world's largest community-driven weather network. Launched in 2024, WXM aims to revolutionize weather data collection and validation through a decentralized network of low-cost weather stations. These stations integrate with WeatherXM's web3 infrastructure, allowing users to earn rewards for contributing accurate weather data. Key features of WeatherXM: - Current price: $0.1217 - 24h change: -3.04% - Market cap: $608.85K - Circulating supply: 5M WXM - Max supply: 100M WXM WeatherXM has seen rapid growth, with over 5,000 weather stations deployed across 80+ countries in less than two years. The project raised $7.7 million in Series A funding in 2024, backed by notable investors in the blockchain and tech space. As a utility token, WXM is used for governance, staking, and rewarding network participants. The project aims to provide high-quality, decentralized weather data for various industries and applications, potentially disrupting traditional weather services. With its innovative approach to weather data collection and strong community focus, WeatherXM has positioned itself as a promising project in the growing DePIN (Decentralized Physical Infrastructure Networks) sector of the crypto market.

WeatherXM was created on May 28, 2024. The project launched its cryptocurrency on the Ethereum platform, with additional support on Arbitrum and Solana networks. Since its inception, WeatherXM has aimed to build the world's largest community-powered weather network, integrating low-cost weather stations with web3 infrastructure to collect and validate weather data. Within two years of launch, the project had already deployed over 5,000 weather stations across more than 80 countries, demonstrating rapid growth and adoption in the decentralized weather data sector.

The founders of WeatherXM are Manolis Nikiforakis and Stavros Keppas. They established the project in 2022 with the goal of building the world's largest community-powered weather network. Nikiforakis serves as the CEO while Keppas is the CTO. Both have extensive backgrounds in technology and entrepreneurship. Under their leadership, WeatherXM has deployed over 5,000 weather stations across 80+ countries in less than two years. In 2024, they successfully raised $7.7 million in Series A funding to further expand the WXM ecosystem and decentralized weather data infrastructure.

WeatherXM operates as a decentralized weather data network powered by community-owned weather stations. Here's how it works: 1. Users purchase and set up low-cost weather stations that collect local meteorological data. 2. The weather stations integrate with WeatherXM's web3 infrastructure to securely transmit collected data. 3. The network validates and aggregates data from thousands of stations across 80+ countries. 4. WXM tokens are awarded to station operators for contributing accurate weather data. 5. The aggregated weather data is made available through APIs for use by businesses, researchers, and developers. 6. Token holders can participate in governance decisions regarding the network's development. 7. The WXM token also functions as a utility token within the ecosystem. This decentralized approach aims to create a global, community-powered weather network that provides more granular and reliable data compared to traditional centralized systems.

WeatherXM utilizes a multi-chain architecture, operating on Ethereum, Arbitrum, and Solana networks. Its core infrastructure is built on Web3 principles, integrating low-cost weather stations with blockchain technology. The system collects and validates weather data through a distributed network of community-operated stations. Smart contracts on each supported blockchain manage token distribution and data verification. The WXM token serves as the native cryptocurrency for rewarding data contributors and facilitating network governance. This decentralized approach allows for scalable, tamper-resistant weather data collection and distribution across global locations.

WeatherXM has an ambitious roadmap for the future. Key milestones include: • Expanding the global network of weather stations to over 10,000 by 2026 • Launching new data products and APIs for industries like agriculture, insurance, and renewable energy in 2025 • Integrating with major blockchain ecosystems beyond Ethereum, Arbitrum and Solana by 2027 • Developing advanced AI/ML models to improve weather forecasting accuracy using the network's data by 2030 • Reaching 100,000 active weather stations worldwide by 2035 The team is focused on growing adoption, improving data quality, and expanding use cases. With the recent $7.7M Series A funding, WeatherXM is well-positioned to execute on this roadmap and become a leading decentralized weather data network. The WXM token is expected to gain utility and value as the ecosystem expands, with price projections of $0.1406 by 2026, $0.2326 by 2030, and -- by 2035.