What is StormX? StormX (STMX) platform is a blockchain project that provides cashback services for online purchases. In this article, you can find answers to questions such as what StormX is, what it offers, how and where to buy STMX coin, what are its advantages and disadvantages. As Kriptokoin.com, we have prepared it for you.
What is StormX? What does the STMX project offer?
StormX is a decentralized platform where users who shop online are rewarded with cryptocurrencies in exchange for shopping. The platform is built on the Ethereum Blockchain and has a native cryptocurrency called STMX coin. The platform adopts the Proof-of-Work consensus protocol.
The core service StormX offers is cashback rewards. The platform has deals with over 1,000 retail companies, including giants like Nike, Lenovo, eBay, and Samsung. Users can earn tokens on their purchases from these retailers. However, the amount of tokens they earn varies depending on the membership type and retailer. Users who wish can earn more rewards from their purchases by upgrading the membership package. The platform has 6 membership levels.
Cashback rewards are not the only way to profit from the platform. Users can also earn cryptocurrencies by performing micro-tasks on the platform. These microtasks include goals like participating in surveys, downloading and trying out games or apps. Users who complete microtasks can earn ETH, BTC, DAI, LTC and YFI coins besides STMX coin.
The project has a bank card called “StormX Debit Card”. This card can be used as a means of payment in Apple Pay, Google Pay or Samsung Pay. The platform can be installed on devices with both IOS and Android operating systems. Besides, it can also be installed in the browser as a web plugin. At the time of writing, the project had a market cap of around $155 million.
What is STMX coin? What is it used for?
STMX coin is a token that works as the native cryptocurrency of the platform. The token has a stakeable structure. Interested users can lock their tokens for a certain period of time and earn passive income at maturity. Besides, STMX can also be used as a governance token. STMX owners can vote in the decision processes where the future of the platform is determined.
STMX coin uses the ERC-20 smart contract. Assets adopting the ERC-20 smart contract means they can be easily stored on the Ethereum blockchain or in Ethereum wallets such as MetaMask and Exodus.
The maximum supply of the token is set at 10 billion units. This means that more STMXs than this number will never be produced. At the time of writing, the token had reached its maximum supply, with 10 billion tokens in circulation.
How to get STMX coin?
Users interested in StormX token, STMX coin, should first find a crypto exchange where the token is listed. Currently, crypto exchange tokens such as Gate.io, Binance, FTX, Bittrex, VCC Exchabge, HitBTC, Upbit, Nominex and WazirX are listed. Users who are members of one of these exchanges can purchase STMX.
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