Have you ever used Fiverr or Upwork? Perhaps as a freelancer, or just when you need a freelancer. However, you often pay quite high commissions on these platforms. StormX wants to put an end to that. You can create tasks on their decentralized platform, which freelancers can then take on. However, this is not the only product that StormX offers. The team behind this project is working hard to keep renewing itself. They do this by adding more and more features to their platform, but also by launching new products. In this article you can read more about StormX, so that you know what it is, how it works and where you can buy STMX tokens for crypto trading.
- 1 What is StormX?
- 2 The StormX team
- 3 The partners
- 4 The StormX Market
- 5 How can you earn StormX?
- 6 What is the advantage of StormX for freelancers?
- 7 Roadmap of StormX
- 8 The StormX Token (STMX)
- 9 StormX (STMX) Chart
- 10 Where can I buy StormX?
- 11 Where can I keep StormX?
- 12 ICO
- 13 Is it smart to buy StormX tokens?
- 14 Conclusion
What is StormX?
The StormX project was previously known as BitMaker. Later, the team decided to rename the product and integrate blockchain technology into the application, introducing DE StormX tokens. These are currently for sale at various crypto exchanges, which we will tell you more about later in this article.
StormX is a blockchain project that aims to transform and improve the future of self-employment and the shopping experience. StormX is a revolutionary app and Chrome extension that allows users to earn cryptocurrencies by purchasing products, completing tasks, staking STMX , etc.
In addition, it offers freelancers an open and fair opportunity to earn crypto by performing certain tasks through decentralized smart contracts .
StormX’s main focus is microtasking and finding ways to gamify the retail industry. So the team has developed an application for this that you can download on Android and iOS. This allows users to perform micro-tasks and receive compensation via a smartphone. It is impressive that the project has at least 75,000 monthly active users using the application.
The microtask platform is fully decentralized and completely transparent. In addition, this platform uses smart contracts to securely execute the terms of the contract. These features contribute to an efficient and more cost-effective system.
The StormX team
There is an experienced team behind the Stormx project, which consists of experienced people in the crypto industry. In the advisory board you can discover well-known names from the crypto world. These include Guy Benartzi (Co-Founder of Bancor ), Anthony Di Lorio (CEO and Founder and CEO of Decentral and Jaxx), and Jeff Pulver (VoIP Pioneer).
StormX’s CEO and founder is Simon Yu, who is a graduate of the Foster School of Business and gained his business experience as a financial analyst at companies such as Amazon. He previously founded Seattle’s first and best Korean-Mexican fusion food truck. Yu’s vision is to create a decentralized marketplace for micro-tasks. One that will work similarly to Apple’s App Store or Google Play Store for freelancers and shopaholics. This app is mainly based on a give-and-take model. Therefore, this app has a high chance of success. In addition, users can also earn STMX, Ethereum or even Bitcoin .
Their partnerships allow millions of Litecoin holders to interact with StormX products. This partnership would provide the team with fast and secure payment options to customers. This will improve the online shopping experience for consumers and developers.
However, this is not StormX’s only partnership. It has also teamed up with MakerDAO to integrate Maker’s DAI stablecoin into two products, Storm Play and Storm Shop. To celebrate this partnership, an additional $10,000 in DAI rewards was also awarded to early Storm Shop users.
StormX is also partnering with Singapore-based blockchain company Ink Labs Foundation to expand its community in Asia. This integration will allow STMX to receive technical support for Ink Labs Foundation’s affiliate and cross-chain agreements. In addition, the team plans to launch high-quality gaming content for the Storm Market gamified microtask platform.
Kyber Network is integrated with the StormX platform to enable anyone to seamlessly purchase STMX tokens for use in the Storm Market ecosystem with any token supported by Kyber Network.
The StormX Market
On the StormX Market you have both Storm Makers and Storm Players. Storm Makers enroll and pay for microtasks or services, while users who perform these tasks and services in return for payment are called Storm Players. So it works the same as Upwork or Fiverr, where you can hire freelancers (if needed) to perform certain tasks. However, you do not have the benefits that blockchain offers on these platforms.
Users can exchange these payments for Storm Tokens (STMX). In addition, Storm Tokens allow users to purchase from the Storm Store and can be exchanged for other cryptocurrencies. In addition, the Storm Market also accepts payments in Ethereum or Bitcoin.
How can you earn StormX?
There are three main areas in Storm Market where users can earn StormX tokens:
- Storm Shop : This is an innovative platform where users can earn rewards by purchasing products and services. Users can enjoy lucrative deals by making purchases from any of the 750+ stores available and receive up to 87.5% crypto cashback back. Interestingly, their token model allows them to pay out higher rewards (up to 2.5x) to members compared to their competitors.
- Storm Play : Storm Play is an Android mobile app that allows users to view published microtasks and available rewards. Usually these rewards are Storm Bolts. However, it can also be Bitcoin or Ethereum.
- Stormconcerts : To participate in regularly running program offers, users can use Stormconcerts. These tasks are the common thread of this platform, which uses smart contracts to make agreements between the developer and the end user. In addition, it has other independent tasks, such as machine learning, data protection, etc.
What is the advantage of StormX for freelancers?
The StormX platform eliminates the intermediary by using smart contracts. As a result, using StormX is significantly cheaper for developers and end users, compared to the competition. In addition, these smart contracts also reduce costs and the risk of problems that could lead to a legal battle. This is therefore good for freelancers, because they often have much less to spend than large companies.
Since most of the world’s population is connected via smartphones, StormX users from any country can access the platform and receive payments directly into the cryptocurrency wallet of their choice. These features make the platform more than just a cryptocurrency as it can serve an important function for people. In addition, the team plans to create a complete ecosystem that serves both advertisers and users. The team hopes that the platform is suitable for several people.
StormX is useful for freelancers because they can get stable and steady work. These freelancers are called Storm Players on the platform and they help Storm Makers. In addition, these Creators create a global workforce that can be accessed from any internet-connected device anywhere in the world.
Roadmap of StormX
The team plans to upgrade and redesign the leaderboard for mobile and Chrome extensions. To expand the use of StormX, the project will add more stores and focus on markets such as the US, South Korea, Europe and Asia.
Soon users will be able to make their purchases from their desktop. In addition, the StormX debit card will also be released soon for worldwide shopping and payment with crypto.
So the team has a broad vision ahead of it, and is far from finished developing the platform. There are therefore many analysts who expect the price of StormX to rise significantly in the future. This is because more and more functions will be added, so that the demand for StormX will probably also increase.
The StormX Token (STMX)
As of the end of 2018, StormX’s share price was quite stable. However, the price rose enormously in January 2021, causing more and more people to buy StormX. StormX is currently worth $0.05266 (April 2021). After reaching as high as $0.0822 on April 3, 2021, STMX underwent a correction and held trendline support at $0.05289.
This cryptocurrency has an outstanding supply of 8.4 billion STMX tokens with a maximum supply of 10 billion.
StormX (STMX) Chart
Where can I buy StormX?
In addition to earning STMX, there are of course other ways to participate in StormX’s success. Trading with cryptocurrencies is becoming more and more popular.
The main crypto exchanges for STMX tokens are Binance and Huobi. These platforms offer the highest liquidity. This is because they are the two most popular providers of STMX tokens. So you can buy and sell STMX tokens at the best price here.
Binance and Huobi comply with all security standards and offer the opportunity to make relatively high profits by trading. However, especially for beginners, it is important not to put too much money into crypto trading right away. In addition to the promising profits, there are of course also big losses. Therefore, you should only use an amount that you could afford to lose.
It is also possible to buy STMX tokens on a decentralized exchange like Uniswap or Sushiswap . However, you have to go through quite a few tasks here, so there is a chance that things will go wrong.
Where can I keep StormX?
STMX is an ERC20 token that runs on the Ethereum blockchain. This allows you to store STMX tokens in almost any wallet. Think, for example, of the online wallet of your crypto exchange , but also of hardware wallets. If you do not have many STMX tokens in your possession, it is no problem to keep them in a hot wallet.
However, it is wiser to opt for a hardware wallet as soon as you have a lot of tokens in your possession. That is a lot safer than a hot wallet . This is because a hardware wallet is closed off from the internet. Hackers can therefore not get to your tokens in that case.
It’s impressive that in 2017 StormX held an ICO that lasted a month and raised about $32 million. With this money, the StormX team has set up new products. That was also successful, because many new products have actually been launched since that time.
Is it smart to buy StormX tokens?
When you want to buy a crypto coin, it is wise to first do good research into the coin or token. That is no different for StormX. You can do research through a fundamental analysis, looking at the team behind the project, how the project works and what problems it solves in the market.
It is also possible to perform a technical analysis , where you mainly look at the share price of StormX. By recognizing patterns in current prices, you can determine whether it is a good time to enter (or exit).
Whether it is smart to buy StormX is therefore entirely up to you. If you think the value is undervalued, it is wise to buy StormX. By then selling STMX tokens when the value has risen again, you can make a nice profit with this cryptocurrency.
The StormX project focuses on the rapidly developing independent industry. By focusing on micro-tasks, they can compete with Fiverr, Upwork and other websites. The team aims to resolve existing platform issues, such as inefficient processes and excessive pricing. It has a strong team and a group of skilled advisors who multiply their chances of success.
Therefore, by combining all these features, we can say that it solves a real problem in this world. And we are not the only ones who have great confidence in that. STMX is a popular token today that has been added to their portfolio by many crypto traders. However, we always recommend that you do good research yourself before you decide to invest in STMX.
Thanh Lanh Tran(1989) is Chief Editor from BitcoinUSD.com