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What is Storm Token? (STO)

19 January 2018 | 0 comments | Posted by Shamima Ahmed in Money Talks

What is Storm Coin

With the crypto markets taking the world by storm (no pun intended) there are new coins popping up every day. "How do you know which one of these are worth investing in" and "Which one of these cryptocurrencies will be the next best Bitcoin?" are the two questions on everybody's mind.

I'm not saying that STORM is it but this cryptocurrency is based on a gamified micro-task platform that will enable you to earn some Storm Token without risking any money, but a trade for your time!

What is STORM Token and How it Started?

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 total supply will be 10,000,000,000 STORM with the price of 26,950 STORM = 1 ETH and a hard cap of 120,000 ETH.

Why Pay Attention

Blockchain is revolutionary

As demonstrated by the success and growth of Blockchain-based distributed computing networks like Bitcoin and Ethereum, the future of the Internet involves decentralized, efficient, inclusive, and global ecosystems. StormX believes that blockchain-based marketplaces will be a critical foundation to global, digital ecosystems. The creation and integration of STORM tokens into Storm Play reflect StormX’s vision to fully integrate blockchain technology into Storm Market.

Earn from Anywhere, at any time, from any device

The vision the founders have for STORM is beyond just an ordinary Cryptocurrency. They aim to create a marketplace for a decentralized marketplace for tasks which will be called the “Storm Market”. "The Storm Market will operate similarly 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.

Simmon says: “Users liked being able to earn, but the feedback was that they wanted more opportunities to earn.” Simon explains, “People are taking short-term jobs to try products and services, but now we’re expanding to more mechanical turk like tasks — speech recognition, etc. — what we want to get to is a peer-to-peer job creation network, where users are both creating tasks and filling tasks.”

StormX makes it easy for anyone to earn cryptocurrency while creating an engaging user experience by focusing on establishing a human-centric interface. With one of the largest crypto-focused user bases in the industry, StormX, Inc. will continue to execute on its mission to bring cryptocurrency to the masses with its gamified micro-task marketplace.

How does STORM market work?

Storm Market has three unique areas where they can earn and spend tokens. Only Storm play is currently live an in use, the 2 and 3 are part of the future plans for StormX Inc.

  1. Storm Play - launched
  2. Main Feature: Play and Earn Earn by playing videos, and trying out new products and services

  3. Storm Shop - (future plans)
  4. Main Feature: Shop to Earn Earn by shopping for products and services (To be defined) marketplace.

  5. Storm Gigs - (future plans)
  6. Main Feature: Perform to Earn Earn by performing micro-tasks, like machine learning, QA testing, and P2P freelancing tasks

Can STORM be mined?

There is, unfortunately, no way to mine storm, but you can earn it.

How to Earn Storm?

By downloading the Storm Play app users can earn storm token by completing microtasks. These include downloading applications, mostly games, and completing goals. You can also earn tokens by watching ads, which of courses yields fewer rewards. You will receive rewards in the form bolts which can then be converted to STORM, Bitcoin or Ethereum. You can also earn bonus bolts with referrals ut this requires a constant recruitment drive. More about the STORM PLAY APP here!

Download the Storm PLay App here, Use referral Code: Z35AMH and receive 6000 bolts free!

Contact us

If you want to know more about cryptocurrency, don’t be shy we’re happy to assist. Simply contact us.

Disclaimer: This article should not be taken as, and is not intended to provide any investment advice and is for educational purposes only. As of the time posting the writers may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency as all investments contain risk.

Tags: Cryptocurrency, blockchain

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