StormX is changing the way people shop by offering crypto cashbacks.
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What Is StormX (STMX)?
StormX is a crypto-powered cashback solution built on the Ethereum blockchain. As a browser extension and mobile app, they allow users to earn rewards and cashback from their purchases in over 1000 stores. Whether you are shopping for homeware, tech, food or clothing, you will find a store within StormX that offers a crypto cashback. Some of these stores are Ebay, Adidas, Groupon, Nike, New Balance, Lego, Macy’s and many more.
By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system.
STMX is their native currency, a ERC-20 token built on the Ethereum blockchain.
How Does StormX Work?
StormX works when a user downloads the mobile app (whether on IOS or Android), or downloads it as an extension on their web browser.
Users then scroll through all the available stores within the StormX platform, find products they wish to purchase, and also agree to the terms of the cashback as it varies for different products. You then finalize your purchase and your rewards/cashback will be credited to your StormX account, and then finally withdraw to a crypto wallet or swap it for a different crypto currency.
The History Of StormX
StormX was founded by Simon Yu and Calvin Hsieh. As of 2022, they both continue to hold the position of CEO and CTO, respectively, and have retained the same core team members throughout their company’s seven-year growth.
The Ergo network was officially released in December 2017.
Is StormX (STMX) A Good Investment?
The growth of StormX largely depends on community engagement and also attaining new stores to partner with them.
As for the price of the STMX token, the highest that it has ever reached is $0.18 back in January 2018 and then peaked again to $0.08 in April 2021, with a few months later dropping back down to below $0.01, which makes you wonder if STMX will see another all time high in the future.
To stay up to date with the current STMX price data, click here.
Should You Buy StormX (STMX)?
By owning STMX, users are able to participate in the suite of products and services built within the StormX ecosystem.
If you have done research on the team, vision, whitepaper and you are satisfied with what StormX has accomplished so far, then potentially it could be a great investment for the long term. Perhaps invest small, and wait for market direction before buying more.
Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money. As a rule of thumb, never invest money you can’t afford to lose.
The StormX Whitepaper
StormX released a whitepaper packed full of information which includes problems and solutions they are trying to solve, information surrounding the token they launched, the technical aspects behind the project, the project timeline they are working towards and formal introductions from the founders, employees and advisors.
If you want to read the StormX whitepaper click on the button below.
How Many StormX (STMX) Coins Are There in Circulation?
StormX has a max supply of 12.5 billion STMX coins.
How Can You Buy StormX (STMX) Coins?
It’s actually quite easy to buy STMX. All you need to do is follow these four basic steps:
- Create an account on a cryptocurrency exchange that lists STMX. Below we share some of these exchanges.
- Complete the identity verification process. Some exchanges require a scan of an identity document such as a passport or driver’s license.
- Transfer money from your bank account to the crypto exchange. The exchange may accept other payment methods, but bank account transfers typically have the lowest fees.
- Once the money is available in your account with the exchange, select the “buy” option to purchase STMX.
Where Can You Buy StormX (STMX) Coins?
If you would like to purchase some STMX coins, below are a handful of cryptocurrency exchanges which list them.