Imagine a utility token that actually has utility.
Say hello to StormX.
We got into the space way back in 2014, and did an ICO in 2017. We raised over $30 Million dollars, signed over 2 million users and we're still going strong! Here are a few things we got right:
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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.
Our unique token model provides real incentives for members to not just purchase STMX tokens but to also HOLD them.
We have about 75,000 monthly active users every month (more then most DAPPs out there). We’re a real company with a real team that’s been grinding for over 6 years to help crypto reach critical mass and truly drive mass adoption. StormX is the easiest and safest way for anyone new to crypto to get in on the action. Just make the same online purchases you normally do, and start earning.
Online sales have been exploding while people are doing most things from home. – eCommerce sales in the US are up 76% compared to last year.
One of our non-crypto competitors, Honey, was acquired by PayPal for $4b with 17 million monthly active users - in comparison, we've acquired 250,000 new active users just since February 2020.
We’re all about scale - while Rakuten and Honey are only in a handful of countries, we’ve already got a global footprint from the US to Asia to Europe.
Our token model lets us pay out higher rewards (up to 2.5x more) to our members than our competitors ever could in dollars.
StormX originally minted 10 billion STORM tokens back in 2017.
In the summer of 2020 StormX did a 'token swap' and changed the ticker from STORM to STMX.
The new smart contract has 2 main benefits: improved security by removing “god mode” and the ability for us to allow members to stake their STMX tokens. The token swap will run from June until Oct 8, 2020.
StormX raised over $32 million in our crowdsale in Q4 of 2017. We had almost 9,000 people participate in total.
Here’s the original whitepaper from 2017 if you want to read about it in more detail.
Here’s how we split up the token distribution.
First let’s talk about the past few years and what we’ve managed to accomplish:
StormX makes money when users earn it. Pretty awesome right? How does that work? StormX receives discounts from brands all over the world and passes on those savings to users when they make a purchase. Users receive the discounts in crypto and StormX gets a small transaction fee. It's a great model because we grow along with our users!
“StormX is a great way for users to save money shopping online and get exposure to cryptocurrency. When more shopping is done online and users are looking to save as much as possible, StormX provides a necessary service.”
Bill Shihara - CEO & Co-Founder of Bittrex
“The Litecoin Foundation is excited and impressed with StormX and its ability to provide consumer rewards in cryptocurrencies such as Litecoin and Bitcoin. We are a firm believer in their platform, and only see greater things ahead for both StormX and anyone who uses it!”
David Schwartz – Litecoin Foundation Director
“I’m proud to be an early investor in StormX and to have had the chance to watch the team perserver through tough times to ultimately find product market fit and the tremendous surge in usage that we’re seeing today.”
Ari Paul – CTO of BlockTower Capital, Angel Investor
“StormX not only provides a smooth experience for users, it was also built with security in mind from the ground up. With StormX, you not only earn rewards, you earn them safely.”
Richard Ma – CEO of Quantstamp, Smart Contract Partner