Thanks to you, we've experienced tremendous growth over the past few months! As we continue to provide you with the amazing rewards you love, we have taken the decision to facilitate a market buy, to further top-up our rewards treasury.
So, we're just here to tell you we have made a purchase for the sum of $1m USD. This acts purely as a fiat-to-crypto transaction and serves no other purpose than to increase our rewards/staking treasury to make available for future rewards. It is not intended to have any impact on the market value of $STMX. We would like to reiterate that this will not be a buyback-and-burn, and all tokens will be recirculated through the use of the app and our staking functionalities.
For those of you who may hold $STMX through exchanges, or who have yet to upgrade their membership, don’t forget, holding your $STMX in a connected wallet will allow you to earn even more from shopping with our partners, up to 3x the rewards.
The StormX Team!