Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure . Trading involves risk which may result in the loss of capital.
StormX (STMX) operates as a freelance marketplace and crypto cashback rewards ecosystem. The network combines the convenience of a mobile app and browser extension, with the security blockchain networks provide. Notably, StormX is among the first protocols to enable users to earn rewards and cashback for fiat purchases.
StormX has become popular in the market due to its combination of features and benefits, with the protocol currently listing 75,000 monthly active users. The platform has also managed to secure some notable investors including Blockfolio, Litecoin Foundation, and Kyber Network. Additionally, StormX has strategic partnerships in place with major firms like Samsung, Nike, and Lego. What Problems Does StormX Attempt to Fix?
StormX was designed to solve some serious issues faced by crypto users. For one, the protocol provides a more secure alternative to centralized cash back protocols and freelance markets. The network operates in a decentralized and transparent manner. StormX (STMX) Homepage High Fees
Another major concern for StormX development was lost returns due to high fees. Freelance networks like UpWork can charge up to 20% of our earnings. This rate strips freelancers of massive amounts of their profits. StormX introduces a more affordable alternative that removes the middleman and replaces them with smart contracts. Inflation
Inflation has hit 40-year highs in 2022, resulting in the Federal Reserve raising interest rates. Each of these actions cost the average consumer and saver. At the current rate of inflation, savers are losing money when keeping their holdings in traditional bank accounts. StormX users can leverage the crypto cash back app to help offset the rising prices […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.