StormX (STMX) is a Web3 platform that integrates blockchain to help users receive cashback and Tokens when shopping or completing online tasks.
The project minimizes intermediary fees, enhances transparency, and is evidenced by smart contracts, attracting over 2.4 million global users and collaborating with many major brands.
MAIN CONTENT
StormX combines cashback and rewarding tasks on the Ethereum blockchain.
STMX is a utility Token with diverse allocation and application within the ecosystem.
The project has a roadmap for multi-chain expansion and DAO development by 2025.
What is StormX (STMX)?
StormX is a Web3 platform that allows users to earn crypto cashback and Tokens when shopping or completing online tasks. Built on Ethereum, StormX prioritizes minimizing intermediary fees and increasing transparency for users and businesses.
With over 2.4 million global users, StormX creates a fairer experience in the gig economy, overcoming limitations regarding fees and withdrawals that traditional platforms like Upwork or Rakuten face.
How does the project operate?
StormX operates through blockchain and smart contracts, connecting users, task providers, and the platform with a transparent process. All transactions from task posting to reward payments are automated, ensuring accuracy and fairness.
“StormX aims to build a decentralized ecosystem that allows people to maximize value from the digital economy without imposing high fees or lacking transparency.”
Simon Yu, CEO & Co-founder of StormX, 2024
The model consists of three main components: users completing tasks or making purchases, task providers being businesses, and the connecting tool being the StormX app along with the browser extension.
What are the products of StormX (STMX)?
The StormX ecosystem revolves around two main activities: earning rewards when shopping and completing rewarded tasks, thereby connecting users and brands in a transparent blockchain environment.
What is StormX Shop – Cashback shopping with Crypto?
StormX Shop allows users to shop with over 1,000 international brands like Nike, Adidas, eBay, etc., and receive cashback directly in STMX Tokens or coins like BTC, ETH, DAI. Cashback is recorded through smart contracts, with a confirmation time of 30-90 days, depending on the partner.
Users staking STMX Tokens will enhance their cashback rates, while the platform allows for quick, transparent reward payments without needing a bank account.
StormX Tasks – What is it to complete tasks to earn STMX?
StormX Tasks provides simple tasks such as surveys, app installations, or account registrations to exchange for STMX rewards. The tasks are tiered suitable for beginners and advanced users, available in over 180 countries, supporting new users to access cryptocurrency.
StormX Tasks is an alternative solution to traditional task platforms but rewards with cryptocurrency, helping users easily withdraw or use Tokens within the ecosystem.
What are the highlights of the StormX Chrome Extension?
The Chrome extension automatically activates cashback when users visit partner commercial sites. The interface displays the cashback rate and reward time, operating similarly to utilities like Honey but rewards are entirely in crypto.
What does the StormX Mobile app support?
The iOS and Android app fully integrates cashback and task features, easy to use with multiple languages, supports wallet management, staking, and tracking rewards in one platform.
What is the overview of STMX Token and Tokenomics?
STMX is an ERC-20 utility Token on Ethereum with a total supply of 12.5 billion Tokens, of which about 11 billion Tokens are in circulation. The Token is used for cashback rewards, fee payments, staking for benefits, and is expected to expand into community governance.
Token allocation Quantity ICO Sale (2017) 4.17 billion STMX Company holds 2.5 billion STMX Token lock 2.3 billion STMX User rewards & community 1 billion STMX
This allocation is clearly represented across public channels, ensuring high transparency and stability for the ecosystem.
What does StormX's 2025 roadmap look like?
StormX is preparing to expand into multi-chain like BNB Chain, Arbitrum; develop a DAO to enhance community governance; expand task services for businesses; and collaborate with Web3 projects in the NFT and GameFi sectors.
Who are the project team, investors, and partners?
What is the project team like?
StormX is led by Simon Yu (CEO & Co-founder), who has a financial background and has been featured by Forbes, CNBC, Bloomberg. Calvin Hsieh – CTO is responsible for core technology and blockchain integration. Andy Kleitsch is the CPO with UX/UI experience at Amazon.
“We are committed to building a platform that allows users globally to enjoy the benefits of the digital economy through transparent technology and utilities.”
Simon Yu, CEO of StormX, 2024
Who are StormX's investors?
The project successfully raised approximately $45.75 million through ICO (2017) and strategic fundraising rounds in 2021. Investors include Plug and Play, Cultur3 Capital, Ohana Northwest, and reputable individuals like Anthony Yoon, Chun Wang.
The StormX ICO raised $30.72 million and achieved an ROI of 21.82 times, affirming strong trust from the investment community.
Who are StormX's supporting partners?
A vast commerce network including Nike, Adidas, eBay, AliExpress, Samsung, Lenovo, etc. In the Web3 ecosystem, StormX collaborates with Crypto.com, Travala.com, Shopping.io. Technically, partnerships with Quantstamp, Chainlink, MoonPay, and Simplex ensure security and convenience for users.
How is StormX (STMX) summarized?
StormX is a pioneering project applying blockchain in cashback shopping and rewarding tasks, providing a transparent experience and reducing intermediary fees. With support from an experienced team, investors, and major partners, StormX is increasingly establishing its position in the Web3 space aimed at the masses.
Despite having a practical application model, STMX is still subject to fluctuations from cryptocurrency market trends, thus investors need to closely monitor the roadmap and development performance.
Frequently asked questions about StormX (STMX)
What is StormX? StormX is a blockchain Web3 platform that helps users receive cryptocurrency cashback when shopping and rewards for completing online tasks. What is STMX used for? STMX is a utility Token used for rewards, fee payments, staking for benefits, and aims towards community governance. How to earn money on StormX? Users complete tasks or shop through StormX to receive STMX Tokens or other coins as cashback. Is StormX safe? The project uses smart contracts on Ethereum and is rigorously security audited by partners like Quantstamp. What are the highlights of StormX's 2025 roadmap? Multi-chain expansion, DAO development, and Web3 collaborations with NFT/GameFi brands are key objectives.
Source: https://tintucbitcoin.com/stormx-stmx-la-gi/
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