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How Is the StormX Network Secured?Р”Р„s an ERC-20 token, STMX is secured by EthereumРІР‚в„ўs proof-of-stake ( PoS) consensus mechanism. However, in 2020, the company went through a token swap and launched the STMX ticker. StormX initially launched its token under the ticker STORM. Lastly, about 10% of the total supply was distributed among users. More than 40% of the total token supply was distributed among several crowdsale events. Another 23% of STMX tokens remain locked for platform utilization and support. STMX has a total supply of 10 billion tokens and a current circulating supply of 8,412,333,047 STMX.Р”Р„ccording to the official whitepaper, a quarter of the total token supply was distributed among the company and founding team members. How Many StormX (STMX) Coins Are There in Circulation? Finally, StormX has attracted the attention of several big names in the industry and has secured over $30 million in funding. Not only that, some of the online shops offer cashback of up to 87.5% in crypto, which is an unprecedented rate for traditional cashback programs. With more than 750 online stores part of the StormX cashback program, customers can easily stack up cashback rewards. The STMX token allows users to lock staking contracts and earn interest on their investment. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system.Р”В«y extending the capabilities of the StormX platform beyond cashback, the company also captures the interest of crypto enthusiasts who are looking to boost their profit by staking native tokens and performing everyday tasks. StormX is the first crypto cashback solution that allows users to earn rewards and cashback for their fiat purchases.

In 2015, he co-founded StormX with Simon Yu. In April 2015, Hsieh joined Bomba Fusion LLC as a manager and web developer, and in 2017, he became a co-owner of the company.

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He graduated with a degree in computer science and software engineering from the University of Washington and was also part of the Berkley Blockchain Xcelerator held by the University of California in 2020. In 2015, Yu and his team founded StormX.Р”В¬alvin Hsieh is the CTO and co-founder of the company. After graduating, Simon Yu became a financial analyst intern for Amazon and then became a senior credit risk analyst for KeyBank.

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His professional career began a couple of years before he graduated, with the founding of a company called Penguin Delivery - aimed at delivering Korean barbecue tacos to students across campus. Yu graduated from the University of Washington in 2014 and then participated in a Berkley Blockchain Xcelerator held by the University of California in 2020. Simon Yu is the CEO and co-founder of StormX. The company is also catching usersРІР‚в„ў attention by offering cashback of up to 87.5% for some purchases. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX also allows users to stake the native STMX token to boost their rewards. With enterprise partners like Samsung, Nike and Lego. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets.

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