storm
StormXSTMX
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Stake STMX →
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StormX Staking

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Price
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▲ 176.30%
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What is StormX Staking?

STORM is an ERC20-compliant token which operates on the Ethereum blockchain. CEO, and co-founder, Simon Yu, evolved this digital currency from an app called BitMaker, he and co-founder, Calvin Hsieh, worked on in 2014. BitMaker allowed users to send money without transaction fees which was the main reason this app experienced high growth volumes. A new feature called BitTask was introduced which allowed users to trade their time and effort for trying out new products in exchange for Bitcoin or Ethereum. This feature is now the STORM Play App and has experienced massive growth since its launch in Feb 2017. The vision the founders have for STORM is beyond just an ordinary Cryptocurrency. They aim to create a marketplace for decentralized marketplace for tasks which will be called the “Storm Market”. “The Storm Market will operate similar to the Apple App Store or the Google Play Store in that it will serve as a platform where Storm Makers and Storm Players can create and accept tasks using smart contracts powered and paid for with STORM tokens.” The team is confident of the success of the app as it strongly relies on the give and takes model. By completing relatively easy and enjoyable tasks, users can potentially earn quite a bit of STORM, Ethereum or even Bitcoin. Storm Market is targeting the freelancing industry around micro-tasks. Currently, there are identified competitors in the market like Upwork, Mechanical Turk, etc. which are circulating huge amount of money through their platform with existing inefficiencies that ultimately creates hurdles for the freelancers. They deduct huge amount from their users earning by charging 40% of transaction cost. The Storm market is striving to resolve the problems by providing following benefits, such as as compared to traditional micro-task marketplaces, they will charge reduce transaction fees. Besides, they Eliminate the interruption of any middlemen between buyers and sellers. Storm Market is a gamified micro-task marketplace that enables users to earn by completing different tasks. The company is expanding its platform by creating decentralized storm market by incorporating blockchain technology. In storm market, people can use their skills and talents to accomplish various tasks and get good rewards for it in the form of tokens. In short, a company is aiming to operate decentralized platform where anyone can offer or engage in tasks by utilizing blockchain based smart contracts supported by tokens (ERC-20). Check out CoinBureau for the complete review of Storm Token.
Key Staking Facts
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ConsensusProof of Stake
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Learn about StormX Staking

The risks to staking StormX are minimal, this is smart contract staking on the Ethereum network and this contract has been audited by Quantstamp, Inc.

Please consider the timing of when you unstake as you could be forfeiting any earned staking rewards. Unstaking will forfeit your bonus for the current week and you’ll be unable to stake again for the current week. Once the next week starts at midnight Sunday GMT +0, you’ll be eligible to start staking again.

Some of the core team members of StormX include:

  • Simon Yu (CEO and Co-Founder)
  • Calvin Hsieh (CTO and Co-Founder)
  • Alex Hidalgo (Product Manager)
  • Matthew Chuen (Head of Marketing)
  • Felipe Almeida (Software Engineer)

You can Stake your STMX tokens on the staking.stormx.io website!

For full instructions check out our Step-by-Step tutorial on staking STMX.

You’ll need to have a valid email address, metamask, and download the StormX chrome extension.

The team got into the space way back in 2014 and did a crowdsale in 2017 in which they raised over $30 Million USD.

StormX ICO was conducted from 6 Nov to 8 Dec 2017. ETH was accepted. The project raised $ 30,716,420 out of $ 27,600,000. At the $ 0.0799 ATH price on 24 Apr 2018 investors were able to sell this position with 7.07x ROI in USD.

StormX is always running various promotions that could increase your staking rewards – make sure to keep up to date with the StormX Staking Rewards asset profile page for the latest APY.

Based off current parameters, get ready to enjoy around a 17.5% reward rate annually!

StormX members use the crypto cash back app or Chrome button whenever they buy stuff online. The Button operates in the background seamlessly and gets users anywhere between 0.5% to over 85% in crypto rewards depending on the store and their membership level. StormX members automatically level up to the Purple tier when they connect a wallet within the app, but the real magic begins when they level up to Bronze, Silver, Gold, Platinum and finally Diamond.

Each tier provides increased Crypto Cash Back, so for people who are shopping online anyway, it makes sense to buy STMX, deposit it in the app and then earn even more crypto cash back every time they make a purchase at one of their favorite stores.

The unique token model provides real incentives for members to not just purchase STMX tokens but to also USE them.

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