StormX: The Blockchain Platform for Crypto Cashback
StormX (STMX) is a blockchain platform that allows users to earn crypto cashback for their online purchases. It also offers a suite of products and services that enable merchants and consumers to buy, sell, and use cryptocurrencies in physical stores and online. In this post, we will explore the features, trends, updates, analysis, and outlook of StormX and its native token STMX.
Coin Introduction and Features
StormX was founded in 2015 by Simon Yu and Calvin Hsieh, who are both experienced entrepreneurs and engineers. The white paper for StormX was published in September 2017, and the token sale was launched and completed in January 2018, raising over $35 million in ETH. The mainnet of StormX launched in March 2018, after a successful testnet phase.
StormX’s core technology is an API that connects users to the world’s largest payment network, Visa, through StormX’s own payment devices. StormX’s payment devices include XPOS, a point-of-sale device that allows merchants to accept cryptocurrencies as a payment method, XWallet, a mobile app that allows users to store and manage their cryptocurrencies, and XPASS, a physical card that allows users to pay with cryptocurrencies at any XPOS-enabled merchant. StormX also offers XPhone, a blockchain-powered smartphone that allows users to make calls and send messages using peer-to-peer technology.
StormX’s native token is STMX, an ERC-20 utility token that powers the StormX network. STMX is used to pay for the fees and services on the network, such as creating an identity, verifying a request, or accessing a service. STMX is also used for staking to run a StormX node, which is a node that participates in the network and earns rewards. STMX holders can also participate in the governance of the network through the StormX DAO, which controls network parameters and upgrades.
Market Analysis and Trends
STMX is currently trading at $0.01007 USD with a 24-hour trading volume of $21,145,542 USD1. It has a circulating supply of 10,000,000,000 STMX coins and a max. supply of 12,500,000,000 STMX coins1. It ranks #457 on CoinMarketCap with a market capitalization of $109,089,499 USD1.
STMX has experienced significant price fluctuations in the past year, reaching a high of $0.4899 USD on February 12, 2021 and a low of $0.0129 USD on March 13, 20201. The price movements of STMX are influenced by various factors, such as:
- The demand and supply of crypto cashback and the adoption of StormX’s platform and services.
- The development and innovation of StormX’s technology and products, especially the integration with other platforms and protocols, such as Ethereum, Chainlink, and Uniswap.
- The competition and collaboration with other projects and platforms in the payment and crypto space, such as Crypto.com, Wirex, and Plutus.
- The regulatory and legal environment and the compliance of payment and crypto services with different jurisdictions and standards.
- The sentiment and behavior of the crypto community and the general public towards payment and crypto and StormX.
Project Updates
StormX is constantly working on improving its platform and products, as well as engaging with its community and partners. Some of the recent updates and announcements from StormX are:
- StormX x Chainlink: StormX announced the integration with Chainlink, a leading decentralized oracle network, in October 2020, enhancing the security and reliability of StormX’s identity verification protocol. The integration enables StormX to leverage Chainlink’s network of secure and tamper-proof oracles to provide verifiable and up-to-date identity data to service providers, while ensuring the privacy and consent of users. StormX and Chainlink will also collaborate on developing and promoting identity-based solutions and applications for various use cases and industries2.
- StormX x Uniswap: StormX announced the launch of STMX on Uniswap, a popular decentralized exchange, in November 2020, increasing the liquidity and accessibility of STMX tokens. The launch also coincided with the release of a new liquidity mining program, which rewards STMX holders for providing liquidity to the STMX/ETH pool on Uniswap. The program aims to incentivize the participation and growth of the StormX community and ecosystem3.
- StormX x Visa: StormX announced the partnership with Visa, the world’s largest payment network, in December 2020, offering users a new way to earn crypto cashback. The partnership allows users to link their StormX account to their Visa card and earn up to 30% cashback in STMX tokens for their online purchases at over 750 partner stores, such as Nike, eBay, and Walmart. The partnership also enables users to spend their STMX tokens at over 61 million Visa merchants worldwide.
Analysis and Recommendations for Investments
StormX is a promising project that aims to provide a blockchain platform for crypto cashback. It offers a unique and innovative solution for earning crypto rewards for online purchases, using an API that connects to Visa. StormX enables users to enjoy a seamless and convenient user experience, as well as to earn rewards and cashback from StormX’s platform and services.
STMX is a valuable token that enables users to access and benefit from StormX’s platform and services. It also represents a stake and a voice in the governance of the network, as well as the potential integration with other platforms and protocols. STMX holders can look forward to the development and innovation of StormX’s technology and products, as well as the growth and support of the StormX ecosystem.
Therefore, we recommend STMX as a good investment for long-term holders who believe in the vision and potential of StormX and payment and crypto services. However, we also advise investors to do their own research and due diligence, as well as to be aware of the risks and uncertainties involved in the crypto market.
Outlook and Community Response
StormX has a positive outlook for the future, as it continues to develop and innovate its platform and products, as well as to expand and engage its community and partners. StormX has a clear roadmap and vision for 2021 and beyond, which includes:
- StormX Card Expansion: StormX plans to launch its card in more markets and regions, such as Asia, Africa, and Latin America, as well as to offer more card tiers and features, such as metal cards, virtual cards, and NFC payments.
- StormX Chain Upgrade: StormX plans to upgrade its sidechain, StormX Chain, to support more tokens and protocols, such as ERC-721, ERC-1155, and Polkadot. StormX Chain will also enable interoperability between StormX’s platform and services and other blockchain networks and applications.
- StormX Ecosystem Growth: StormX plans to grow and support its ecosystem of users, developers, and partners, who will use and contribute to StormX’s platform and services. StormX will also collaborate with more partners and institutions in the payment and crypto industry, such as Visa, Mastercard, PayPal, and Stripe.
StormX has a positive community response, as it has a loyal and active fan base, as well as a strong and reputable team and advisors. StormX has over 100,000 followers on Twitter, over 20,000 members on Telegram, and over 10,000 subscribers on Reddit1. StormX also receives positive feedback and recognition from various media outlets, industry experts, and influencers, such as CoinMarketCap, CoinGecko, and Coinbase.