StormX Community Vote: Deciding the Future of the Merger with EARN'M

Simon Yu
Simon YuOct 1, 2024
StormX Community Vote: Deciding the Future of the Merger with EARN'M

As StormX and EARN'M take their strategic alliance to the next level, we ask the StormX community to decide the future. The upcoming community vote will determine whether we move forward with a complete merger between StormX and EARN'M or if the StormX project ends.

Community Vote: Your Role in Shaping the Future

The StormX community is critical in deciding whether this partnership progresses into a complete merger. We will soon submit a Vote Proposal for $STMX holders to vote on.

You will be voting on two possible outcomes:

  1. Approval of the Proposal: If approved, it will lead to a successful merger between StormX and EARN'M, combining both platforms into a robust rewards ecosystem.
  2. Rejection of the Proposal: If rejected, the StormX project will continue to operate as usual, but we will need to explore alternative options for a path forward.

Pre-Merge Valuation

Before the merger, the value of each platform will be assessed:

  • $EARNM Pre-Merge Valuation: We will determine $EARNM's valuation based on the average fully diluted valuation (FDV) from the first trading month.
  • $STMX Pre-Merge Valuation: We will calculate $STMX's valuation based on a specific date or by averaging the last 30 days before the merge.
  • Post-Merge Valuation: The post-merge valuation will combine the pre-merge FDVs of both projects. This combined valuation will dictate the distribution ratio of new tokens to $STMX and $EARNM holders.

For example, if the pre-merge FDV of $STMX is $100 million and the pre-merge FDV of $EARNM is $200 million, the post-merge FDV will total $300 million. In this scenario, $STMX holders would receive 33.33% of the new token supply, and $EARNM holders would receive 66.66%.

Token Swap Process

StormX token holders can swap their $STMX tokens for $EARNM tokens if the merger is approved. This process will occur through a dedicated platform where each token will equal one vote.

EARN'M Roadmap: Key Events

The merger will take place four to six weeks after the EARN'M Token Generation Event (TGE). Here are key milestones to keep in mind:

  • SmartNode Whitelist Sale: October 1, 2024
  • SmartNode Public Sale: October 9, 2024
  • Node LaunchPads Sale: October 18, 2024
  • Token LaunchPads Sale: October 24, 2024
  • TGE Date: October 31, 2024 (Expected)

If the community approves the merger, the process will be completed between November 28, 2024, and December 12, 2024.

What's Next for the StormX Community?

The merger presents a unique opportunity to combine StormX's cashback rewards with EARN'M’s diversified earning and savings platforms. Together, we can create a broader, more attractive offering for users in the rewards and loyalty space.

Now, it's up to you to decide StormX's future. Your vote will determine whether we will continue building toward this exciting new future or bring the project to a close.