WeatherXM Token: Overview, Rewards, and How to Mine

The WeatherXM token is creating a buzz in cryptocurrency and weather communities. It is a part of WeatherXM's unique system, which rewards people who share weather data from their stations. 

If you're new to cryptocurrency or just curious, this article will explain the basics of the WeatherXM token. You'll learn how the rewards system works and how you can start mining WeatherXM tokens.

What Is the WeatherXM?

 

 

WeatherXM is a community-powered weather network that aims to provide accurate weather data while rewarding contributors. 

In just two years, WeatherXM has deployed over 5,000 weather stations across more than 80 countries (mostly in the US and Europe), making it one of the largest weather station networks in the world. 

The company recently raised $7.7 million USD in a Series A funding round led by Lightspeed Faction, with other notable investors like Protocol Labs and Borderless Capital. The investment will help WeatherXM expand its team, grow its network, and develop better crypto-enabled weather hardware.

Manolis Nikiforakis, WeatherXM CEO and Co-Founder stated, “We want to be the largest weather station network in the world by the end of 2025, serving both traditional and new web3 markets.”

Challenges of Traditional Weather Networks

Traditional weather networks face several limitations that can impact the accuracy and reliability of weather data. WeatherXM presents innovative solutions to address them.

Slow Data Updates

In traditional networks, real-time data updates can be slow or unavailable in some regions, causing delays in weather information.

WeatherXM utilizes a distributed network of stations that offer real-time data updates. This ensures users have access to the most current weather information, improving the timeliness of forecasts.

Sparse Data Coverage

Traditional weather networks often rely on widely spaced, government-owned stations, resulting in data gaps, particularly in remote areas.

WeatherXM encourages the installation of numerous personal weather stations, creating a dense network. 

Centralized Data Control

Centralized control of weather data by traditional networks can lead to transparency and data manipulation concerns. WeatherXM leverages blockchain technology to collect and store weather data.

How Do WeatherXM Rewards Work?

WeatherXM rewards users with its native token, $WXM, for sharing weather data from their stations. Here’s how it works:

1. Set Up a WeatherXM Station: Install a WeatherXM weather station to collect local weather data.
2. Contribute Data: Your station will automatically collect and upload weather data to the network.
3. Earn Daily Rewards: You’ll receive $WXM tokens daily as a reward for contributing data. A total of 14,246 tokens are distributed among all contributors every day.

Using Your $WXM Tokens

Once you've earned $WXM tokens, you can use them in several ways:

• Purchase Weather Data: Use your tokens to buy detailed weather data from the network.
• Participate in Governance: Holders of $WXM can participate in decision-making processes that shape the future of the WeatherXM network.
• Stake for Additional Rewards: You can stake your tokens to earn extra rewards.

WeatherXM rewards stations based on the data they contribute daily. The reward allocation algorithm assesses the performance of all weather stations daily and calculates the rewards for each station owner. This is done using a Merkle tree, where the rewards can be claimed using Merkle proof.

• Start of Rewards: Stations will start receiving $WXM rewards on Arbitrum Sepolia testnet by January 16, 2024, and on Arbitrum mainnet soon after (May 30th, 2024).
• Claiming Rewards: Users don't have to claim their rewards daily; they can claim all or part of them at any time.

Stations participating in the network before the Token Launch Day (Beta period) are eligible for Beta rewards. A total of 3,000,000 $WXM tokens are reserved for these early contributors.

This will last 425 days from the Token Launch day, with daily allocations based on the station's contribution during the Beta period.

The rewards are calculated based on the total number of hours a station provided valid data during the Beta period. Stations must have a wallet defined as part of the Beta Rewards allocation.

How Does the WeatherXM Unit Work?

 

WeatherXM produces a range of weather station hardware that collects local environmental data. Each station includes a secure element that provides cryptographic proof of the collected data. 

This data is stored on the Filecoin decentralized storage network and can be used to create hyper-local weather forecasts and web3-native applications like on-chain prediction markets and parametric weather insurance products.

These stations connect through WiFi, Helium, and 4G/LTE networks and are sold worldwide. The cost is $400 for WiFi and Helium stations. 

WeatherXM Helium Weather Station

The WeatherXM Helium Weather Station is a state-of-the-art device that monitors and reports local environmental data. By installing this unit, you contribute to a global network of weather data collection and receive $WXM tokens as rewards. 

The unit has various sensors to measure temperature, humidity, wind speed, and more. It connects via WiFi and Helium networks to ensure real-time data transmission.

You need to install this unit outdoors to ensure accurate data collection.

If you don't have a way to mount your WeatherXM unit, the Proxicast Steel J-Pipe Mount is an excellent solution. It is designed to support the weight and structure of weather stations, ensuring they remain stable and operational in various weather conditions.

Where to Buy WeatherXM Token

Starting on Thursday, May 30, you can trade $WXM tokens on several exchanges:

• Gate.io
• MEXC.com
• BitMart.com
• Uniswap v3
• SwissBorg.com (coming soon)

On the same day, station owners will begin collecting daily rewards and any beta rewards on the Arbitrum mainnet. 

How to Mine WeatherXM Token

To begin mining $WXM tokens, you need a WeatherXM Weather Station. The device monitors local weather conditions and transmits the data to the WeatherXM network. 

This data helps build a highly accurate global weather network. By installing and operating this station, you contribute valuable data and earn $WXM tokens as rewards.

WeatherXM Helium Weather Station

One of those devices is WeatherXM Helium Weather Station. It provides hyper local weather data and you will be rewarded in $WXM tokens for installing it.

How to Install

1. Select a Location: Install the weather station outdoors in an open area free from obstructions. It should be placed at least 6.5 feet above the ground to ensure accurate readings.
2. Secure the Station: Use the provided mounting hardware to install the station securely. If you need additional support, consider the Proxicast Steel J-Pipe Mount.
3. Activate the Unit: The weather station is battery-operated and does not require any wires, making it easy to set up. Once installed, it will start collecting and transmitting weather data immediately.

Requirements

• Install the unit outdoors.
• Ensure the installation area is free from obstructions.

Get your WeatherXM Helium Weather Station today and join the global weather network. It's easy to set up, and you'll start earning $WXM tokens right away. 

Buy Your WeatherXM Helium Weather Station Now.