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About StormX
Key Points:
- Founded in 2015, StormX is a cryptocurrency-based solution that offers cashback in crypto for online purchases.
- Partners with Samsung, Nike, and Lego, and has attracted investments from Blockfolio, Litecoin Foundation, and Kyber Network.
- Offers cashback of up to 87.5% for some purchases.
- Co-founders are Simon Yu (CEO) and Calvin Hsieh (CTO), both University of Washington graduates.
- STMX token allows users to earn rewards and cashback for fiat purchases.
- Total supply of 10 billion STMX tokens, with 8,412,333,047 in circulation.
About StormX: Revolutionizing the Future of Cryptocurrency Rewards
Introducing StormX (STMX): A Revolutionary Cryptocurrency
Established in 2015, StormX pioneered the development of global cryptocurrency-based solutions, successfully penetrating worldwide markets. As a multifaceted platform encompassing both a mobile app and browser extension, StormX is dedicated to providing users with cashback rewards in cryptocurrency for the majority of their online purchases. Notably, StormX has forged strategic partnerships with esteemed enterprises such as Samsung, Nike, and Lego. Furthermore, users are empowered to stake the native STMX token, thereby amplifying their rewards.
The company has garnered significant investments from esteemed partners, including Blockfolio, Litecoin Foundation, and Kyber Network. Notably, StormX has successfully developed its product, thereby establishing itself as a pioneer in the crypto cashback community. Furthermore, the company has been generating considerable buzz among users by offering an unprecedented cashback of up to 87.5% on select purchases.
The Visionaries Behind StormX: Meet the Founders
Simon Yu, CEO and co-founder of StormX, boasts an impressive background. A 2014 graduate of the University of Washington, Yu further honed his skills by participating in the esteemed Berkeley Blockchain Xcelerator program at the University of California in 2020. His entrepreneurial spirit was evident even before graduation, as he founded Penguin Delivery, a innovative venture that brought Korean barbecue tacos to students across campus. Following his academic pursuits, Yu’s professional journey began with an internship as a financial analyst at Amazon, subsequently transitioning to a senior credit risk analyst role at KeyBank. In 2015, Yu, along with his team, founded StormX, marking the inception of his blockchain journey.
Calvin Hsieh, the esteemed CTO and co-founder of the company, boasts an impressive academic background, having graduated with a degree in computer science and software engineering from the prestigious University of Washington. Furthermore, he was a distinguished participant in the esteemed Berkley Blockchain Xcelerator program, hosted by the University of California in 2020. Prior to his current role, Hsieh held the position of manager and web developer at Bomba Fusion LLC, which he joined in April 2015, eventually becoming a co-owner of the company in 2017. Notably, he co-founded StormX alongside Simon Yu in 2015.
Unveiling the Unparalleled StormX Advantage
StormX pioneers the concept of crypto cashback, empowering users to accumulate rewards and cashback on their fiat transactions. By harmoniously merging its blockchain infrastructure with daily purchases, StormX effectively bridges the gap between cryptocurrency and mainstream finance, ushering in a new era of convergence.
By expanding the StormX platform’s capabilities beyond cashback, the company has also garnered the attention of crypto enthusiasts seeking to augment their profits through staking native tokens and performing everyday tasks. The STMX token enables users to enter into staking contracts and accrue interest on their investments. With a vast network of over 750 online stores participating in the StormX cashback program, customers can effortlessly accumulate cashback rewards. Moreover, some online retailers offer cashback rates of up to 87.5% in crypto, a unprecedented rate for traditional cashback programs. Furthermore, StormX has garnered the attention of several industry heavyweights and has secured a substantial $30 million in funding.
What Is the Circulating Supply of StormX (STMX) Coins?
STMX boasts a total token supply of 10 billion, with a current circulating supply of 8,412,333,047 STMX tokens in circulation.
As outlined in the official whitepaper, a quarter of the total token supply was allocated to the company and founding team members. An additional 23% of STMX tokens remain reserved for platform utilization and support. Furthermore, more than 40% of the total token supply was dispersed across several crowdsale events. Lastly, approximately 10% of the total supply was distributed among users.
StormX initially debuted its token under the ticker symbol STORM. However, in 2020, the company underwent a token swap, subsequently introducing the STMX ticker.
The StormX Network’s Robust Security Framework
As an ERC-20 token, STMX is underpinned by Ethereum’s proof-of-stake (PoS) consensus mechanism, which leverages stakeholders as transaction validators. This distinguishing feature sets it apart from the proof-of-work (PoW) consensus mechanism employed by Bitcoin.
The PoS consensus mechanism boasts exceptional versatility, as it eliminates the need for substantial electrical or computing power, a stark contrast to PoW. Furthermore, as an ERC-20 token, STMX benefits from unparalleled distributability and exchangeability. Moreover, being Ethereum-based, these tokens can seamlessly integrate with DApps and smart contracts on the Ethereum blockchain.
Where to Acquire StormX (STMX): A Comprehensive Guide
As a pioneering cashback application since 2015, StormX has firmly established itself as a leading platform among crypto enthusiasts, earning a prominent position in the market. Consequently, the STMX token is readily accessible on a multitude of reputable exchanges.
If you’re seeking to acquire STMX tokens, a viable option is Binance. Additionally, STMX is listed on several other prominent exchanges, including:
- Bittrex, a renowned cryptocurrency exchange, offers a secure and reliable platform for trading a diverse array of digital assets.
Discover the ins and outs of purchasing cryptocurrencies and explore the vast opportunities available in the digital asset market.
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