Question 1

Has the price of StormX (STMX) increased today?

Accepted Answer

As of the latest data, the price of StormX (STMX) has decreased and it currently stands at ADA 0.00003923.

Question 2

What Is StormX (STMX)?

Accepted Answer

StormX is a cryptocurrency represented by the token STMX, which functions on the Ethereum blockchain system. Its CEO, Simon Yu, and co-founder, Calvin Hsieh, developed this digital currency from a prior app they had created, BitMaker, in 2014. BitMaker became popular because it allowed users to send money without transaction fees. Additionally, it introduced BitTask, which let users trade their time and effort in exchange for Ethereum or Bitcoin by trying out new products. BitTask has now evolved into the current STMX Play App. The vision for StormX (STMX) goes further than simply being cryptocurrency. The founders aim to establish a decentralized marketplace for tasks, named "Storm Market". The Storm Market is intended to function similarly to platforms like the Apple App Store or the Google Play Store. Here, Storm Makers and Storm Players can create and accept tasks, using smart contracts powered and paid for with STMX tokens.

Question 3

How does StormX (STMX) work?

Accepted Answer

StormX operates through a platform referred to as Storm Market, where users are able to earn by completing various tasks. It is essentially a gamified micro-task marketplace. The company is developing this platform into a decentralized Storm Market by incorporating blockchain technology. This facilitates a marketplace where anyone can offer or engage in tasks using blockchain-based smart contracts supported by STMX tokens (in ERC-20 format). The ultimate focus of the Storm Market is to target the freelancing industry associated with micro-tasks. Current competitors such as Upwork and Mechanical Turk charge high transaction costs to users, often up to 40% of earnings. The Storm Market aims to resolve these hurdles by reducing transaction fees and eliminating the need for a middleman between buyers and sellers.

Question 4

What are the benefits of StormX (STMX)?

Accepted Answer

StormX offers several benefits to its users. The platform aims to tackle inefficiencies present in other micro-task marketplaces such as high transaction fees. The usage of STMX on their Storm Market allows it to run on the blockchain and thereby eliminates intermediaries, improving transaction efficiency and reducing costs. Users on the Storm Market can leverage their skills to perform a variety of tasks and receive decent rewards in the form of STMX tokens.

Question 5

What is the market capitalization of StormX (STMX)?

Accepted Answer

The current market capitalization of StormX (STMX) is ADA 0.4M, and it is ranked #3599 among all the cryptocurrencies traded globally.

Question 6

How much StormX (STMX) is circulating and accessible?

Accepted Answer

As of the collected data, the amount of StormX (STMX) in circulating supply is 11.0B while the total supply is 12.5B.

Question 7

Where, and on which exchanges can you buy StormX (STMX)?

Accepted Answer

Binance US, CoinEx, DigiFinex, Gate.io, BitMart are some of the current exchanges where StormX (STMX) can be purchased.

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