In the highly competitive world of brands and department stores, every company tries to strengthen the sense of loyalty in its customers and make them loyal customers with respectful and encouraging designs. One of these ways, especially in countries where credit cards are used to purchase more items, is the idea of cashback. In this way, a part of each customer’s purchase amount is returned to them in different ways. Now, the Crypto StormX (STMX) project, known as this method, intends to connect the retail market to the world of cryptocurrencies.
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What is StormX (STMX)?
The StormX Token (STMX) is an Ethereum token under the ERC-20 standard. The total supply of this token is 10 billion and all of it is currently in circulation. The STMX Token is priced at $0.02 at the time of writing and has a market value of $ 291 million. This currency is ranked 183rd among other Altcoins. The highest historical price of this token was $0.24, which was achieved at the beginning of 2018. The lowest historical price of this currency was equal to $0.0005, which was recorded on March 13, 2020.
StormX Digital Currency Project is trying to provide services to users and earn money by launching a platform to collect various stores and get discounts from them. The way this platform performs is that users can benefit from the available discounts by making online purchases from the stores on this platform, depending on their level of use in this network, and recover some of their purchase amounts in a cryptographic way.
In this way, clients can take advantage of the discounts available in this network, and the StormX project also receives a fee from users in return for these services, and through this, earns money. Accordingly, the global Storm market is considered a dual-platform platform.
The StormX Digital Currency Project is an innovative idea in the field of cryptocurrencies and blockchain and has been offered to users as a Chrome extension, thus providing users with cryptocurrency revenue. In this platform, in addition to the method of earning money and receiving discounts on purchases, there are other ways of earning money, such as performing some defined activities or sticking STMX tokens.
StormX market currently supports more than 700 service providers, and every once in a while other stores will be added to the platform, but some of them are now able to provide services using cryptocurrencies.
What are the main features of StormX (STMX)?
StormX offers five distinct products, which are considered its main features:
The store section of this service is the key part of this project. The most important advantage of this project is the connection between traditional businesses and buyers. According to the contract of each brand with this project, a percentage of each user’s purchase amount will be allocated to him. By activating the StormX app or plugin at the time of purchase, the user will be awarded a purchase point. The company works with more than 1,000 stores worldwide. Familiar letters such as Walmart, Sun Elon, Groupan, etc. are among the list of parties contracted by the company.
By keeping the STMX token in the associated wallet, you can take advantage of more points depending on the amount of token stored. Six different levels are defined for STMX token holders. One of the advantages of these incentive levels is receiving more prizes according to the coefficient of each level and a shorter time to receive cashback.
The Play section was the first section launched in this project. In this section, users gained points by participating in actions determined by the contracted collections, and these points could be converted into passwords. This section is now inactive in many countries around the world. The reason for this is the lack of sponsors and the inability to create a pleasant and user-friendly experience.
This section can be considered as single-value cash registers of decentralized exchanges. In this section, users can deposit their StormX token (STMX) by connecting their wallets and enjoy the reward in the form of the same token. The current annual profit of this operation is currently about 10%.
This is the latest service from Storm X. Users of this project in the United States can wait in line to receive the company’s cash cards by registering on the project site. Holders of this card can pay their purchase amount with this card by depositing STMX tokens in their account when making in-person purchases with contract stores. At the moment of purchase, the cryptocurrency is converted into Fiat currency and sent to the store account without any problems. It is also possible to use this card in ATMs to receive Fiat currency (with a current limit of $500 per day). One of the advantages of this card is that it can be used in all services that support Google Pay, Apple Pay, and Samsung Pay.
How does StormX work?
To take advantage of this network, users of the Storm network only need to install the Chrome application or extension of this platform. After installing this program, they can buy from stores in the global Storm market on a daily basis, and thus earn a cryptographic reward for themselves. These bonuses vary from 0.5% to 85% depending on the user level of use and the type of store. This platform has made it possible for users to earn money in addition to maintaining and StormX tokens utilization.
STMX combines blockchain technology with the idea of a data-backward response such as a backend, with the intention of revolutionizing the field. This allows companies to more effectively persuade their customers to buy more by reducing their advertising costs. Store customers can also benefit from more benefits and get their loyalty paid. Creating an innovative way to aggregate transactions has allowed StormX to still be able to meet the vast majority of its customers, despite dealing with micropayments, and save significant network transaction costs.