WeatherXM
WeatherXM is a community powered weather network that rewards weather station owners and provides accurate weather services to Web3 enterprises.
Key points
- $12.7 million raised from Faction, Placeholder Ventures, ConsenSys Mesh, Borderless Capital, Protocol Labs and others. The amount does not include the SwissBorg sale.
- More than 5,200 weather stations were deployed in 81 countries in 2 years.
- $WXM Token launched on Arbitrum One (Mainnet) and Ethereum L1.
- Data licences will be auctioned in $WXM.
- WeatherXM is building the world’s largest community-powered weather network, rewarding station owners and providing valuable services to individuals, businesses, and researchers.
- Through this partnership, users can invest in weather stations at a subsidised rate ($500 USD or with WXM payment option on a discounted price at WXM 700). For every station bought, WeatherXM donates another, resulting in a 2-for-1 impact. Investors receive an NFT representing ownership and enjoy rewards for 36 months, in $WXM tokens.
- Our initiative targets deploying 3,000 stations in regions including Mexico, Colombia, Venezuela, Kenya, Uganda, Liberia, South Africa, and Madagascar.
- Detailed project and token analysis
Where can I find out more details about the terms of the deal?
https://content.swissborg.io/legal/weatherxm-machine-licensing-terms/en-us/
Other useful links:
- Investment thesis with FAQ
- Term Sheet
- Check Cyrus' interview with WeatherXM's CEO
If you are interested in buying the WXM token you can find it in the SwissBorg app.
Team
Funding
Timeline
Hardware MVP launched
$5m raised in the seed round
5k weather stations shipped
$7.7 million raised in the Series A round
$WXM token launched on Arbitrum One
2 million station days of data
Partners
The Product
1. Free Mobile App: Live weather data and forecasts. Station management and $WXM rewards for station owners.
2. Tech: Multiple different weather stations with different capabilities. You can find out more details about these devices here.
3. Roadmap - WeatherXM Pro: Paid access to weather data collected through REST API.
4. Roadmap - Web3 Weather Oracle: Enable smart contracts to take actions based on weather events.
Video about WeatherXM
Join WeatherXM community!
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