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Weatherxm Detailed information about Weatherxm 4

Weatherxm

Overview

WeatherXM is a community-powered weather network that rewards weather station owners and provides accurate weather services to Web3 enterprises. It leverages blockchain technology to create a secure and transparent data marketplace.

Key Features

  • Currency: WXM (Weatherxm Token)
  • Buying Currency: Available on decentralized exchanges like Uniswap.
  • Utility:
    • Used for network transactions and incentivizing data sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data sharing and reward distribution.
  • Utility in the Project:
    • Users can earn WXM by sharing their weather data.
    • Validators can stake WXM to secure the network and earn rewards.
  • API: Yes, Weatherxm provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily connect their weather sensors to the Weatherxm network to share data and earn rewards.

How It Works

  1. Step 1: Users connect their weather sensors to the Weatherxm network.
  2. Step 2: The sensors collect and share weather data with the network.
  3. Step 3: Users earn WXM tokens based on the amount of data shared.

Staking

  • Staking Requirements: Minimum of 1,000 WXM tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Weatherxm Docs.

Additional Resources