StormX celebrates successful crowdsale

StormX, the blockchain-powered ad-tech and gamified micro-task innovators, announced the crowdsale for its ERC-20 token STORM Token raised $32 million USD.

Throughout the sale period, StormX cemented strategic collaborations with Alchemist Ventures, QTUM, Changelly, Zencash, Kyber Network, Bancor, and Jaxx to expand the platform’s global presence and enhance the utility of STORM tokens.

Simon Yu

StormX CEO Simon Yu said, “The outpouring of support we’ve received from both individuals and industry-leading companies and advisors in our community in the lead up to the sale, and afterwards, has been humbling,” StormX CEO Simon Yu said.

“Thanks to the commitment of our Storm Players and Storm Makers, we are confident that we’ll achieve our vision of creating a gamified micro-task platform that will revolutionize and democratize the freelance micro-task marketplace. We hope people worldwide will adopt our mechanism for commerce to connect and interact in a marketplace with significantly reduced transaction costs.”

StormX now focuses on developing the Storm Market. The Storm Market platform will operate like an online marketplace where Storm Players are rewarded for completing gamified micro-tasks. Storm Makers and Storm Players will be able to use the Storm Market platform to create and accept tasks using Ethereum-based smart contracts, which are powered by STORM Tokens.

The Storm Market platform will include three gamified opportunities in the following categories: Storm Play, Storm Shop, and Storm Gigs. Storm Play, formerly known as BitMaker, rewards anyone STORM Tokens for watching advertisements and trying out new products and services.

Storm Shop will reward users with STORM Tokens for buying certain products and services. Storm Gigs will enable anyone to request services, such as QA Testing or Machine Learning tasks, and select available, appropriately-skilled workers to complete micro-tasks.

“By utilizing the benefits of blockchain technology, we’ve already created a platform that provides endless reward opportunities for individuals at little to no transaction cost,” Mr. Yu added.

“Going forward, we plan to build on this success and focus on maximizing the user-experience by offering more products, services and opportunities in our marketplace. Our team of thought leaders and blockchain experts will continue to work tirelessly to create an exciting and rewarding experience for Storm users.”