What is StormX (STMX)? How to Buy And Use It

What is StormX (STMX)? How to Buy And Use It

StormX has rapidly carved out a niche in the expansive world of cryptocurrency-related solutions. With its intuitive mobile app and browser extension, the firm offers a unique proposition, allowing users to earn cryptocurrency as cashback on a broad array of online purchases. Its influential ties with major brands like Samsung, Nike, and Lego amplify its market presence.

The momentum behind StormX is further propelled by investments from industry stalwarts such as Blockfolio, Litecoin Foundation, and Kyber Network. This demonstrates the company’s successful realization of its ambitious vision, cementing its place at the forefront of cryptocurrency-based cashback offerings. A testament to its allure, StormX has tantalized its user base by offering a staggering cashback rate of up to 87.5% on select transactions.

What Makes StormX Unique? 

Cashback Rewards: StormX is the first crypto cashback solution that allows users to earn rewards from 0.5% to over 87.5%, depending on your StormX Reward level. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system.

Microtasks: The platform offered users the opportunity to earn cryptocurrency by completing small online tasks, such as surveys, app testing, and other digital activities. These microtasks aimed to provide users with a way to earn cryptocurrency without the need for specialized skills or investments.

Decentralization and Blockchain: StormX leveraged blockchain technology to facilitate secure and transparent transactions. Decentralization and blockchain’s immutability were likely positioned as advantages in terms of both user trust and data security.

User-Friendly Interface: The platform aimed to be user-friendly and accessible, making it easy for users to earn rewards and engage with cryptocurrency even if they were not familiar with the technical intricacies of blockchain technology.

Who Are The Founders of StormX (STMX)?

Simon Yu serves as the CEO and co-founder of StormX. He completed his education at the University of Washington in 2014 and later took part in the Berkley Blockchain Xcelerator organized by the University of California in 2020. Before graduating, Yu initiated his professional journey by establishing Penguin Delivery—a venture aimed at delivering Korean barbecue tacos to students on campus. 

Calvin Hsieh, the CTO and co-founder of StormX, holds a degree in computer science and software engineering from the University of Washington. Also involved in the Berkley Blockchain Xcelerator held by the University of California in 2020, Hsieh’s career took shape with his role as a manager and web developer at Bomba Fusion LLC in April 2015. Eventually becoming a co-owner of the company in 2017, he embarked on the journey of co-founding StormX alongside Simon Yu in 2015.

How Many StormX (STMX) Coins Are There in Circulation?

STMX possesses a total token supply of 10 billion tokens, with a current circulating amount of 8,412,333,047 STMX.

Following the official whitepaper, a quarter of the complete token supply was allotted to the company and the founding team members. An additional 23% of STMX tokens are earmarked for future utilization on the platform and to provide support. Over 40% of the total token supply was disseminated across various crowdsale events. Lastly, approximately 10% of the overall supply was allocated to users.

How Is The StormX Network Secured?

Functioning as an ERC-20 token, STMX is safeguarded by Ethereum’s proof-of-stake (PoS) consensus mechanism. Unlike Bitcoin’s proof-of-work (PoW) approach, PoS hinges on stakeholders to assume the role of transaction validators.

This unique consensus method stands out for its flexibility, as it circumvents the need for extensive energy consumption and computational resources—a notable departure from PoW. 

Furthermore, STMX’s status as an ERC-20 token enhances its widespread availability and interchangeability. The nature of Ethereum-based tokens allows for their seamless integration into decentralized applications (DApps) and intelligent contracts within the Ethereum blockchain ecosystem.

Where Can You Buy StormX (STMX)?

Here are some popular exchanges where you could potentially buy or trade STMX: Binance, Bittrex, Huobi Global, Upbit, KuCoin, and Gate.io.

Additionally, decentralized exchanges (DEXs) that support Ethereum-based tokens, such as Uniswap and SushiSwap, might also offer STMX for trading, given that STMX is an ERC-20 token. 


How much worth of (STMX) will make you a millionaire? 

As of the time of writing, STMX is valued at $0.00534469 in the trading market. However, for an investor to achieve millionaire status through STMX, they would need to possess a substantial quantity of the cryptocurrency.

How much will I get if I stake my STMX Coin?

StormX offers a return of 10% pa on any amount of (STMX) coin staked.

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