The StormX platform combines blockchain technology with traditional cashback mechanisms. Essentially, it allows users to earn crypto from shopping. It was created in 2014 and conducted a crowd sale in 2017. The project features an app and Chrome extension that facilitate the cashback process. Users only need to hold STMX tokens in their wallets to access the services on offer.

STMX is the platform’s utility token. It is an ERC-20 standard token and has a total supply of 10 billion. STMX was originally known as STORM but changed its ticker in 2020 to the new version.

What are StormX key features and how does it work?

StormX’s primary feature is providing Crypto Cash Back services. Currently, users can earn rewards from over 1,000 stores by shopping online. These include Samsung, Nike, eBay, and more. In order to access the service, users must download and install the Chrome extension or use the application available on Android or iOS. There are six tiers of membership on the StormX platform. A user’s membership level depends on the amount of STMX held. The more StormX held the higher the level. For example, Purple is the lowest level and requires just an account to be opened. Diamond is the highest and requires 6,200,000 STMX to unlock. The higher the level the higher the cashback reward multiplier and the quicker rewards are paid out. For example, Purple offers 1x cashback rewards. The highest level Diamond offers 3.5x cashback bonus rewards and a 75% reduction in reward time payout. In this manner, users can earn anywhere between 0.5% and 85% in rewards. As mentioned, this depends on their membership level and the store they are shopping at.

StormX also facilitates staking. Users can stake their STMX for some time and earn more STMX. Rewards are sent directly to a user’s Storm account.  The StormX platform can offer such rewards to its customers and earn money itself by receiving discounts from brands and passing them on to its users. When a brand gives StormX discounts, they are distributed to shoppers, and transaction fees are sent to StormX.

What is noteworthy about StormX?

The platform allows users to learn and strategize from other shoppers using its services. It includes a leaderboard for users to compare and try different strategies to maximize returns. The leaderboard also features prizes for the best shoppers and players which further incentivizes engagement on the platform.

Where can you buy StormX (STMX)?

STMX is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Upbit, Binance, and Gate.io. The price of STMX will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for STMX market price, please view the price charts on this page.