StormX, was one of the first global cryptocurrency-based solutions to reach global markets. StormX, as a mobile app and browser extension, intends to provide consumers with cryptocurrency payback for the majority of their online transactions. With corporate partners such as Samsung, Nike, and Lego. StormX users can now stake the native STMX coin to increase their earnings. Blockfolio, Litecoin Foundation, and Kyber Network have already invested in the startup. StormX has produced a profitable product and has established itself as an industry leader in the crypto cashback community. The corporation is also attracting consumers' attention by giving up to 87.5% cashback on certain transactions.

You may earn Storm, Bitcoin, Ethereum, Litecoin, or Dai by completing brief micro-missions using Storm's applications. It really is that simple. Instead of getting polls on social media that tell you which '90s sitcom you are, be paid for your downtime by taking surveys in StormX.

History

StormX's CEO and co-founder is Simon Yu. Yu graduated from the University of Washington in 2014 and will attend the University of California's Berkley Blockchain Xcelerator in 2020. His professional career began a few years before he graduated, when he founded Penguin Delivery, which delivered Korean barbeque tacos to students around campus. Simon Yu worked as a financial analyst intern for Amazon after graduating, and subsequently as a senior credit risk analyst for KeyBank. Yu and his colleagues established StormX in 2015.

How does it work

When StormX members buy something online, they use the cryptocurrency refund app or the Chrome button. According to the remarks, this service runs in the background and allows customers to earn between 0.5% and 85% in cryptocurrency rewards depending on the retailer and membership level.

When StormX members link a wallet within the app, they are instantly elevated to Purple. However, the actual benefits come as they go to bronze, silver, gold, platinum, and eventually diamond. Each tier, on the other hand, earns more Crypto Cash Back, so online shoppers earn even more crypto every time they buy STMX, deposit it in the app, and then make a purchase from one of their favorite businesses.

The unique token concept provides genuine incentives for members to not only buy but also redeem STMX tokens.

Total supply and circulation

The total amount of STMX tokens is 10 billion, with a current circulating supply of 8,4 billion STMX.