Articleover 1 year ago

WeatherXM Token Design and Functionality Explained

WeatherXM Token Design and Functionality Explained
Summary
    1. ERC20 tokens are managed through smart contracts on the blockchain, rather than physically stored in wallets.
    1. The $WXM token has a maximum supply of 100,000,000 tokens and can mint new tokens as long as the total supply remains within the limit.
    1. The $WXM contract is ownable, allowing for pausing/unpausing functionality and updating the destination address for newly minted tokens. Eventually, ownership can be transferred to a DAO or renounced altogether.

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