WeatherXM Token Design and Functionality Explained
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- ERC20 tokens are managed through smart contracts on the blockchain, rather than physically stored in wallets.
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- 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.
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- 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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