StormXSTMX to PKR

This article will give you a complete picture of this coin right from the time of the origin of this network. We will also help you understand how it works. Secondly , we will discuss the aspects which make this network so unique. Thirdly, we will take you through the process of acquiring its native token. In short, this content piece will work as a tool to aid in deciding on the important question of whether you should invest in this digital currency or not. 

What is StormX (STMX)?

It is the digital native currency of StormX network. It was launched in the year 2015. Simon Yu and Calvin Hsieh were the people behind the launch of this digital currency. It is a blockchain-based network that enables users to earn cryptocurrency in the form of rewards which work as a  speciality for their purchases. It is available as a browser extension or mobile application. Its main focus is to build a decentralized network, it is a universal and user-friendly platform for users to earn from their spendings. It is even integrated with big businesses. Its utility token powers the whole platform and governs the network. Users can even earn rewards by staking this token. Being the first of its kind to be a platform for users to earn cryptocurrency, this network is all set to achieve a prominent position in the cryptoworld.

How Does StormX Work?

Users can download this as a browser extension or as a mobile application. There are various opportunities provided to users on this network to earn rewards. Below mentioned are easy synopsis of how this network works.

• Tasks

This platform has various tasks for its users. The users are rewarded when they complete them. These tasks include online shopping, taking surveys, examining new products etc. The the integrated businesses are the task providers.

• Rewards

On successful completion of the assigned task users are rewarded with the native digital currency. 

• Proof-of-stake 

This network is built on the Ethereum blockchain which means it gets to use its consensus mechanism. It is a consensus mechanism that enables users who stake their coins to build new blocks and validate transactions.

• Smart Contract

This network uses smart contract to automate and secure transactions. Smart contracts are self operating contracts where the terms of the agreement is in coding form.

What Makes StormX Unique?

The important feature that makes this network unique is that it is the first platform to allow users to earn cryptocurrency. Its aim is to provide users with a user-friendly platform where they can earn rewards for every purchase they make. Below mentioned are some of the factors that makes this network stand out from the other currencies in the crypto world.

• Reward Earning

This network allows its users to earn rewards in the form of its native token. For every task completed they earn rewards. These tasks include shopping or answering easy survey questions. This network also enables its users to earn as well as spend their rewards.

• Decentralization 

This platform works on a decentralized network. This enables transparent and secure transactions without the need of any intermediaries. 

• Integrations

This network has successfully integrated with many big businesses. These businesses generate task opportunities on this network. This helps to improve the productivity of the network.

• Community Governance

This network allows its users to take part in the network's governance. Users can make decisions on the topics related to the growth and expansion of the network.

What Are the Potential Use Cases of StormX?

Being an ERC-20 token this digital currency enjoys the features of Ethereum. Apart from governing the network this token has many different use cases some of which are listed below.

• Staking

Users can stake this digital currency and get rewarded for them in this network. The stakeholders further can take part in the decision making process of the network.

• Reward

For tasks performed by users like online purchases, surveys etc the network rewards its users. These rewards come in the form of various digital coins. 

• In-house Purchase

The users can make purchases from this network and make payment in this digital currency.

Where Can You Buy StormX (STMX)?

There are many exchanges where this digital token is listed. Some of the top exchanges are Binance, Bittrex, FTX etc. To  acquire this token the users can also follow the easy steps mentioned below

• Crypto Exchange Search 

As mentioned above there are various crypto exchanges that support this network. The user has to search for a reliable crypto exchange that supports this token.

• Account Creation

Create an account on that exchange and complete the necessary verification process.

• Fund Deposit

Deposit funds into your account for making purchases.

• Purchase Order

Search for this token on that exchange and place a purchase order.

• Coin Trade

Trade your base coin with this token.

• Wallet Transfer

Once the coins gets credited into your account transfer them into safety wallets.

Conclusion 

Being the first Platform to allow users to earn rewards in the form of cryptocurrencies this network achieved a good amount of traction. Its aim to become a user-friendly platform that is secure and enables users to earn rewards for simple tasks like online purchases, surveys etc. This has helped this network to gain big business integrations. But every cryptocurrency faces some risk and challenges which are part and parcel of the crypto world. These risks are  constant price fluctuations, widespread acceptance, competitions etc.. Thus it is good to do a complete research on the challenges faced by cryptocurrencies before making any investment decision.