Governance: Update

IMPORTANT NOTICE

StormX, Inc., has filed a voluntary petition for bankruptcy protection under chapter 7 of the Bankruptcy Code. This matter is before Judge Brendan L. Shannon and has been assigned case number, 25-10730(BLS). This notice has important information about the case for creditors, debtors, and trustees, including relevant deadlines.

To protect your rights, consult an attorney. All documents filed in the case may be inspected at the bankruptcy clerk's office at the address listed below or through PACER (Public Access to Court Electronic Records at https://pacer.uscourts.gov). Additionally, documents in this case may be filed with the Court at the following address: 824 Market Street, 3rd Floor Wilmington, Delaware 19801. Please note the staff of the bankruptcy clerk's office cannot give legal advice.

If you are a creditor and believe you have a claim against StormX, Inc., you must file a proof of claim detailing the amount and basis of your claim. This case does not have a claims agent so any proof of claim must be filed through the Court's website. The following link contains general information on the proof of claim process (https://www.deb.uscourts.gov/claims-information) and this link will be used to file a proof of claim (https://ecf.deb.uscourts.gov/cgi-bin/autoFilingClaims.pl).

Governance: Update

Simon YuMar 18, 2022

Hey Stormers!

We’re closing in on kicking off our governance and releasing the much-anticipated tokens, staking and voting system (name yet to be announced!).

Final Governance Snapshot is 20/03/2022! To qualify for governance tokens you must connect a Rewards Wallet to be eligible.

Governance tokens will be distributed based on actions performed within the StormX ecosystem. These include:

- Completed a shopping trip.

- Completed Play task.

- Voted on a proposal at governance.stormx.io.

- Earned staking rewards.

- Holding a StormX NFT.

The more shopping trips, tasks, NFTs, and staking you’ve completed the more governance tokens you can claim. Weighting will be confirmed once the snapshot has been completed, and a total will be shown when you go to claim them.

As mentioned in our previous blogs, the addition of StormX governance is just the beginning of the long road to creating a more decentralized ecosystem. With governance tokens in place, users will be able to vote on proposals put forward by the core team. Over time, this will allow the community to further collaborate on their own projects that empower not just themselves, but their favorite Crypto Cashback provider, and its ecosystem!