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What is StormX (STMX)?

StormX basic info

Name:StormX
Ticker:
Introduction:

What is StormX (STMX)?

STORMx is a versatile app that can be accessed through a chrome extension. This extension is built on web technologies such as HTML and enables users to customize their browsing experience on Chrome. With the STORMx app, users can earn cryptocurrency in various ways, including shopping, completing tasks, and staking existing STMX tokens (previously known as STORM tokens). According to the whitepaper, the current freelancer market industries charge up to 40% in transaction fees due to the involvement of multiple middlemen. STORMx aims to solve this problem by integrating blockchain">blockchain technology with the micro-task application BitMaker, making the services more cost-effective and efficient.

Who Are the Founders of StormX (STMX)?

Simon Yu, the CEO and co-founder of StormX, graduated from the University of Washington in 2014. In 2020, he participated in a Berkley Blockchain Xcelerator held by the University of California. Before graduating, Yu founded Penguin Delivery, a company aimed at delivering Korean barbecue tacos to students across campus. Afterward, he worked as a financial analyst intern for Amazon and then became a senior credit risk analyst for KeyBank. He and his team founded StormX in 2015.

Calvin Hsieh, the CTO and co-founder of the company, graduated with a degree in computer science and software engineering from the University of Washington. He also participated in the Berkley Blockchain Xcelerator held by the University of California in 2020. In 2015, Hsieh helped to co-found StormX with Simon Yu. Prior to that, he worked as a manager and web developer for Bomba Fusion LLC, becoming a co-owner of the company in 2017.

How does StormX (STMX) Work?

STORMx has a vision of creating a decentralized platform for the Storm Market. This market will be a gateway for users to access STORMx's micro-task marketplace. The Storm Market will offer three unique categories of tasks: freelance labor, promotional user engagement, and shopping opportunities using STMX tokens. Members of StormX can use either the crypto app or the Chrome button when making online purchases, with the Chrome button operating seamlessly in the background. STORM tokens were previously ERC20-compliant tokens that ran on Ethereum-based smart contracts. However, StormX underwent a token swap and changed to STMX, which involves transferring digital tokens from one blockchain into another.

What makes StormX (STMX) Unique?

StormX is a unique cashback system that enables users to earn rewards and cashback for their fiat purchases, essentially bringing crypto into the mainstream financial system. The platform extends beyond cashback, catering to crypto enthusiasts who can stake native tokens and perform everyday tasks to increase their profits. Users can lock staking contracts using the STMX token and earn interest on their investment. The platform features over 750 online stores allowing customers to stack up cashback rewards, and some of these stores offer cashback up to 87.5% in crypto. StormX has already secured over $30 million in funding and has caught the attention of several big names in the industry.

How is the StormX Network Secured?

STMX is an ERC-20 token that uses Ethereum's proof-of-stake (PoS) consensus mechanism, which depends on stakeholders to act as transaction validators. This approach distinguishes PoS from Bitcoin's proof-of-work (PoW) method. PoS is incredibly adaptable since it does not necessitate extensive electrical or computational resources, unlike PoW. Furthermore, as an ERC-20 token, STMX is widely distributable and exchangeable, making it ideal for integration into Ethereum-based DApps and smart contracts.

Conclusion

In summary, StormX is a cutting-edge blockchain platform that offers a one-of-a-kind chance for individuals to earn digital currency by completing easy tasks. This opens up the door for decentralized advertising and showcases StormX's commitment to innovation.

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Current price:
All-time high:$0.2466
All-time low:$0.0005756

STMX supply and tokenomics

Circulating supply:12,334,472,000 STMX
Total supply:12,500,000,000 STMX
Max supply:12,500,000,000 STMX
Market cap:$73.10M
Fully diluted market cap:$74.08M
Tokenomics:

Uniqueness

StormX is the first crypto cashback solution that allows users to earn rewards and cashback for their fiat purchases. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system.

By extending the capabilities of the StormX platform beyond cashback, the company also captures the interest of crypto enthusiasts who are looking to boost their profit by staking native tokens and performing everyday tasks. The STMX token allows users to lock staking contracts and earn interest on their investment. With more than 750 online stores part of the StormX cashback program, customers can easily stack up cashback rewards. Not only that, some of the online shops offer cashback of up to 87.5% in crypto, which is an unprecedented rate for traditional cashback programs. Finally, StormX has attracted the attention of several big names in the industry and has secured over $30 million in funding.

Token utility

As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards. StormX is rebranding and launching Storm Market, which operates as a platform that supports both proprietary applications and open-sourced smart contracts aimed at facilitating transactions in a micro-task marketplace. The Storm Market network provides network participants with rewards (Bolts), tools, features, and other customized access via STORM tokens. StormX is introducing the STORM token as an ERC-20 token that will facilitate transactions within an opt-in, secured, gamified marketplace, that will eventually be run by blockchain-based smart contracts on Ethereum.

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What is the development prospect and future value of STMX?

The market value of STMX currently stands at $73.10M, and its market ranking is #550. The value of STMX is not widely recognized by the market. When the bull market comes, the market value of STMX may have great growth potential.

As a new type of currency with innovative technology and unique use cases, STMX has broad market potential and significant room for development. The distinctiveness and appeal of STMX may attract the interest of specific groups, thereby driving up its market value.

What will the price of STMX be in 2025?
Based on STMX's historical price performance prediction model, the price of STMX is projected to reach $0.007241 in 2025.
What will the price of STMX be in 2030?
In 2030, the STMX price is expected to change by -13.00%. By the end of 2030, the STMX price is projected to reach $0.01337, with a cumulative ROI of +131.46%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of STMX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is STMX worth investing or holding? How to buy STMX from a crypto exchange?

If you want to buy STMX, the following information may be helpful for your investment decisions:
In the last 7 days, the price of STMX has fallen by -20.24%, leading to negative returns for most STMX investors. The market is currently pessimistic about the price trend of STMX.
It is important to note that the current price of STMX has retreated by -97.60% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether STMX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in STMX or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of STMX, if you want to buy or sell STMX, you can consider Bitget for your trading needs. The best place to buy STMX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in StormX has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy StormX. Here's a step-by-step guide on how to buy StormX on Bitget.

How to get StormX through other methods?

Using cash to buy StormX is not the only way to obtain StormX. If you have the time to spare, you can get StormX for free.
Learn how to earn StormX for free through the Learn2Earn promotion.
Earn free StormX by inviting friends to join Bitget's Assist2Earn promotion.
Receive free StormX airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to StormX through Bitget Convert, Bitget Swap, or spot trading.

What is StormX used for and how to use StormX?

The use case of StormX may expand as the crypto market and the project itself develop. Currently, you can use STMX to achieve the following goals:
Arbitrage by trading STMX: Since STMX is a frequently traded cryptocurrency, the price of STMX is always fluctuating. Earn more STMX by buying low and selling high on the exchange. Bitget spot market provides a variety of STMX trading pairs to fully meet your needs.
Earn by staking STMX: You can also generate income through financial management methods such as staking STMX or lending STMX. Bitget Earn offers a variety of financial products designed to help you earn more income from your STMX.
Send or pay STMX: If you want to give STMX to your friends, a charity, or a fundraiser, or you want to pay someone with STMX, you can quickly and easily send STMX to the recipient through their payment address.
You can also go to the official website of the StormX project to learn more about the use cases of STMX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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STMX resources

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STMX price calculator

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STMX
USD
1 STMX = 0.005945 USD
Last updated (UTC-0)
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