StormX (STMX) is a cryptocurrency-based solution founded in 2015. It is designed to allow users to receive compensation in cryptocurrency for most of their online purchases. This is accomplished through a mobile app and browser plug-in. The platform also allows users to stake the native STMX token to increase their compensation. StormX has received support from various organizations and has made its product a recognized player in the crypto compensation community. The platform is unique in that it is the first crypto compensation solution that allows users to receive compensation and rewards for fiat exchanges.
StormX aims to introduce cryptocurrency into the mainstream financial system by integrating its blockchain platform with everyday transactions. The platform goes beyond compensation and attracts cryptocurrency enthusiasts looking to receive compensation by staking native tokens and performing daily tasks. The STMX token allows users to lock staking contracts and receive compensation. With over 750 online stores that are part of the StormX compensation program, customers can easily accumulate compensation rewards. Some of the online stores provide up to 87.5% compensation in cryptocurrency, which is a high rate for traditional compensation programs.
StormX aims to make cryptocurrency more accessible and practical for daily use. It encourages the use of cryptocurrency in regular transactions by offering compensation rewards for online purchases. This could contribute to wider adoption of cryptocurrency in the mainstream financial system. Additionally, the staking feature of the platform allows users to receive compensation, which provides an incentive for holding and using the STMX token. This could contribute to increased demand for the token. The platform's integration with more than 750 online stores offers a wide range of uses where users can receive cryptocurrency compensation from various purchases.
StormX was founded in 2015 by Simon Yu and Calvin Hsieh. Yu, CEO and co-founder, graduated from the University of Washington in 2014 and participated in a Berkley Blockchain Xcelerator program hosted by the University of California in 2020. Hsieh, CTO and co-founder, graduated from the University of Washington with a degree in computer science and software engineering and was also part of the Berkley Blockchain Xcelerator program. StormX first launched its token under the STORM ticker. However, in 2020, the company went through a token change and launched the STMX ticker. STMX, an ERC-20 token, uses Ethereum's proof-of-stake (PoS) consensus mechanism.$ETH $STMX
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