StormX is a cryptocurrency marketplace where users can earn cashback rewards on purchases made within the app and reward platform. It operates as a mobile and browser extension where users can access custom blockchain-backed apps without unnecessary registration or third-party requirements. Alongside that, users can stake their STMX tokens to boost rewards faster or unlock additional features within the platform.
StormX runs on the Ethereum blockchain and allows companies to pay dividends using tokens. Users can earn rewards by simply using the app from anywhere with WiFi and mobile data. Since users are rewarded in crypto, they’re encouraged to spend more while they’re shopping. In addition, StormX Labs, a new product, allows consumers to earn rewards quicker by complementing their shopping experience with cashback. They may also receive incentives by offering liquidity and staking platforms, as well as voting on team suggestions on the StormX Labs platform.
The project has partnered with Samsung, Nike, and Lego. And has attracted investment from Blokfolio, Litecoin Foundation, and Kyber Network. It has effectively established itself as a leader in the crypto cashback community and has caught the attention of users by offering large cashback of up to 87.5 percent on certain transactions.
Who Are the Founders of StormX (STMX)?
Simoon Yu and Calvin Hsieh founded the StormX platform. Yu is the CEO and co-founder of the company. He graduated from the University of Washington in 2014 and attended the University of California’s Berkley Blockchain Xcelerator in 2020. Yu has been involved in the Fintech business for a few years before graduating, establishing a Korean Barbecue taco delivery service for students throughout campus. He also worked as a financial analyst intern for Amazon before becoming a senior risk analyst for Keybank.
Calvin Hsieh, on the other hand, is the company’s CTO and co-founder. He is also a University of Washington alumni with a degree in computer science and software engineering, as well as a member of the University’s Berkley Blockchain Xcelerator.
What is the Unique Point of StormX (STMX)?
StormX allows users to earn rewards for fiat purchases. The rewards are based on blockchain technology and can be used outside StormX’s platform. Transactions using Storm Tokens are recorded in the Ethereum blockchain and will allow users to receive dividends directly to their wallets after every transaction they make within the platform. To make earning tokens easy, StormX has developed a mobile app and browser extension that will allow any user to access a wide range of products on their preferred platform. They can do this through an active referral system, which enables them to earn additional rewards by inviting other users.
StormX also offers companies an opportunity to advertise their products within their worldwide community of active users who have already shown interest in the product category. This helps them to grow their customer base by advertising directly to users.
How Many StormX (STMX) Tokens are in Circulation?
StormX’s entire supply has been exhausted, with 10,000,000,000 STMX tokens in circulation out of a total quantity of 10,000,000,000 STMX tokens.
Is the StormX (STMX) Network Secured?
StormX uses Ethereum’s proof-of-stake (PoS) consensus mechanism to secure its network. The Ethereum blockchain enables StormX to provide transactions and smart contracts that are safe and transparent, making it easy for users to transact on the platform.
How do I buy StormX (STMX)?
Since its inception in 2016, StormX has grown exponentially to become an industry leader in the crypto cashback community, making its token widely available on top exchanges such as Binance, FTX, and Bittrex. It can be purchased by following these steps.
* Create an account with a crypto trading platform or Log in if you are a registered user.
* Deposit some funds into the account
Which Cryptocurrency Wallet Supports StormX (STMX)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as StormX (STMX). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their STMX wallet because it offers a simple and interactive interface making it easy for people to navigate its system.