StormX: 10 Reasons Why STMX Will Soar 🚀

39,535 Views · Posted 3 years ago

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.

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Timestamps
00:00 Introduction to StormX
02:16 10 Reasons to Consider STMX
07:39 StormX Partnerships

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References:
https://stormx.io/
https://www.youtube.com/watch?v=-E0-H-q1Qsk
https://www.altcoinbuzz.io/reviews/technical-analysis/stmx-price-prediction/
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/stormx-stmx-announces-insane-referral-rewards/
https://www.altcoinbuzz.io/reviews/how-to-use-stormx/
https://stormx.io/blog/stormx-partners-with-litecoin
https://stormx.io/blog/stormx-partners-with-makerdao-to-increase-mass-adoption-for-crypto
https://stormx.io/blog/storm-expands-in-asia-with-ink
https://stormx.io/blog/stormx-partners-with-kyber-network-and-global-blockchain
https://stormx.io/blog/2021-roadmap-part-1

Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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