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StormX Stock

StormX

STMX

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StormX Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
UpbitSTMX/KRW07.3215,048.18366.04 M0cex17/3/2025, 8:00 AM
BinanceSTMX/USDT02,030.468,037.478.96 M0cex675.872/26/2025, 9:34 AM
BithumbSTMX/KRW00181.947.56 M0cex17/3/2025, 7:59 AM
BinanceSTMX/TRY02,514.048,227.983.25 M0cex559.842/26/2025, 9:34 AM
Binance TRSTMX/TRY01.080.723.15 M0.72cex3574/8/2025, 6:35 AM
HotcoinSTMX/USDT0.014,663.215,132.01476,708.830.02cex2364/8/2025, 6:33 AM
GateSTMX/USDT0371.664.61232,604.70.01cex2017/9/2025, 6:23 AM
B2Z ExchangeSTMX/USDT00.450.76198,787.780.04cex12/24/2025, 6:41 AM
BITmarketsSTMX/USDT000198,771.80.04cex12/24/2025, 6:38 AM
BTSESTMX/USDT0120.39120.63198,710.530.07cex574/8/2025, 6:33 AM
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StormX FAQ

What is StormX (STMX)?

Founded in 2015, StormX stands as one of the pioneering global cryptocurrency-based solutions reaching international markets. StormX, available as a mobile app and browser extension, seeks to offer users the opportunity to earn cashback in cryptocurrency on the majority of their online purchases. With esteemed enterprise partners such as Samsung, Nike, and Lego, StormX also enables users to stake its native STMX token to enhance their reward potential. The company has successfully garnered investments from prominent entities including Blockfolio, Litecoin Foundation, and Kyber Network. Having developed a robust product, StormX has emerged as a leader in the crypto cashback sector. Additionally, the company has gained significant user attention by providing cashback options of up to 87.5% on selected purchases as per Eulerpool data.

### Who Founded StormX?

Simon Yu serves as the CEO and co-founder of StormX. He graduated from the University of Washington in 2014 and later participated in the Berkeley Blockchain Xcelerator at the University of California in 2020. His professional journey began prior to his graduation with the creation of Penguin Delivery, a company that delivered Korean barbecue tacos to students on campus. Following his graduation, Simon Yu worked as a financial analyst intern at Amazon and subsequently served as a senior credit risk analyst at KeyBank. In 2015, Yu and his team established StormX. Calvin Hsieh is the CTO and co-founder of StormX. He holds a degree in computer science and software engineering from the University of Washington and also took part in the Berkeley Blockchain Xcelerator at the University of California in 2020. In April 2015, Hsieh began working for Bomba Fusion LLC as a manager and web developer, and in 2017, he became a co-owner of the company. That same year, he co-founded StormX alongside Simon Yu.

What Distinguishes StormX? StormX stands out due to its innovative approach towards integrating cryptocurrency rewards with everyday shopping. The platform enables users to earn crypto cashback from a wide range of retail partners by simply making purchases through the StormX app or browser extension. This seamless integration of crypto incentives into the shopping experience is pivotal in facilitating broader adoption of digital currencies among consumers. In addition, StormX offers staking opportunities for the STMX token, allowing users to increase their rewards by holding onto their tokens. For more in-depth information regarding StormX's market performance and metrics, please refer to the data and analysis available on Eulerpool.

StormX is the pioneering cryptocurrency cashback solution that enables users to earn rewards and cashback on their fiat purchases. By seamlessly integrating its blockchain platform with everyday purchases, StormX effectively introduces cryptocurrency into the mainstream financial system. Beyond offering cashback, StormX enhances its platform's appeal to cryptocurrency enthusiasts interested in increasing their profits through staking native tokens and engaging in everyday tasks. The STMX token allows users to secure staking contracts and earn interest on their investments. With participation from over 750 online stores in the StormX cashback program, customers can effortlessly accumulate cashback rewards. Additionally, some online retailers provide up to 87.5% cashback in cryptocurrency, setting an unprecedented standard for traditional cashback programs. Furthermore, StormX has gained the attention of several prominent industry names and secured funding exceeding $30 million.

What is the Circulating Supply of StormX (STMX) Coins?

STMX has a total supply of 10 billion tokens, with a current circulating supply of 8,412,333,047 STMX. As outlined in the official whitepaper, 25% of the total token supply was allocated to the company and founding team members. Another 23% of STMX tokens are locked for platform utilization and support. More than 40% of the total token supply was distributed through various crowdsale events. Finally, approximately 10% of the total supply was allocated to users. StormX originally launched its token under the ticker STORM. However, in 2020, the company conducted a token swap and introduced the STMX ticker.

How is the StormX Network Secured?

As an ERC-20 token, STMX is secured by Ethereum's proof-of-stake (PoS) consensus mechanism. The PoS consensus mechanism depends on stakeholders to serve as transaction validators. This feature distinguishes it from the proof-of-work (PoW) mechanism used by Bitcoin. The PoS consensus mechanism offers considerable versatility, as it does not require large amounts of electrical or computing power, unlike PoW. Furthermore, as STMX is an ERC-20 token, it is widely distributable and exchangeable. Ethereum-based tokens can be integrated into decentralized applications (DApps) and smart contracts on the Ethereum blockchain.

Where Can StormX (STMX) Be Purchased?

Since its inception in 2015, StormX has distinguished itself as a leading cashback application, earning significant recognition among cryptocurrency enthusiasts. As a result, the STMX token is widely accessible on several exchanges. For those interested in acquiring STMX tokens, Binance is one potential option. Additionally, STMX is available on other platforms such as: - Bittrex For further details on buying cryptocurrencies, you can find more information here.

Investors interested in StormX are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.