First posted on https://www.bulbapp.io
Good morning/evening
Mainet for WXM
Well I am surprised to say that the WeatherXM project I have written about before has finally gone live! We are on mainet...........
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There were many times I thought this project had turned into a dead project or even a scam as I have had my station for a long time and mainet has been postponed around 3 times. There was talk from the Developers that this was no longer a crypto project and that they had only marketed it to the crypto crowd to actually have buyers for the stations.
There is still some confusion as a lot of people thought that the tokens that they earned on testnet would be their allocation on transferring to mainet, this was never the case, the tokens would reset to zero and all you would get in the way of tokens for being a beta tester will be drip fed daily based on a formula that no one understood. The longer you have had a station the better your booster will be and if your data is sent without any outages you should keep your booster.
So even with drip feeding us our tokens day by day there is still a lot of sell pressure, to me this was to be expected as people have had these stations for years and are keen to ROI.
Am I holding?
To be honest with you, no I am not holding. I am selling as and when and buying other tokens. I lost faith in this project a long time ago and therefore selling. Will I make my ROI? We will have to wait and see.
Token details and price chart from Coingecko.
Where can you buy WeatherXM Network?
WXM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade WeatherXM Network is Gate.io, where the most active trading pair WXM/USDT has a trading volume of $21,352.00 in the last 24 hours. Other popular options include MEXC and BitMart.
What is the daily trading volume of WeatherXM Network (WXM)?
The trading volume of WeatherXM Network (WXM) is $53,685.27 in the last 24 hours, representing a -94.10% decrease from one day ago and signalling a recent fall in market activity.
What is the fully diluted valuation of WeatherXM Network (WXM)?
The fully diluted valuation (FDV) of WeatherXM Network (WXM) is $108,790,137. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million WXM tokens are in circulation today. Depending on how the emission schedule of WXM tokens are designed, it might take multiple years before FDV is realized.
In conclusion
With this project I am happy to say I was wrong, I wondered if this would ever go live and at one point thought I had picked a scam to invest in. It is early days yet as the weather data all the stations acquire needs to have people willing to buy it for the project to receive any income and have a use case. I hope they are working on this but as with all things crypto we will have to wait and see. The chart looks as expected but could improve in time.
As always thank you for reading and please feel free to comment.
