StormX is a blockchain-based cashback platform that allows users to earn cryptocurrency rewards while shopping at over 1,000 online retailers. By automating micro-transactions and enforcing engagement terms through smart contracts, StormX provides a seamless and efficient way for users to receive cashback with minimal fees.
Funding
$32.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AFHKVPAWBFounders
Product
Problem
Traditional cashback programs often involve complex redemption processes, high fees, and limited transparency, making it difficult for users to easily and efficiently earn rewards while shopping online. Furthermore, users may not have the option to receive rewards in cryptocurrency, limiting their exposure to the digital asset market.
Solution
StormX is a platform that allows users to earn cryptocurrency cashback while shopping at over 1,000 online retailers. By using the StormX mobile app or browser extension, users can automatically earn rewards in various cryptocurrencies when making purchases at participating stores. The platform leverages blockchain technology to automate micro-transactions and ensure transparency in the cashback process. Users can withdraw their earnings to their crypto wallets once they have accumulated $10 or more. StormX also offers a referral program where users can earn a percentage of their friends' and family's shopping and staking rewards.
Target Audience
StormX targets online shoppers interested in earning cryptocurrency rewards on their purchases, as well as cryptocurrency enthusiasts looking for ways to increase their digital asset holdings.
Features
- Mobile app (iOS and Android) and browser extension (Chrome and Edge) for easy access
- Support for over 1,000 online retailers
- Cashback rewards ranging from 0.5% to over 87.5%, depending on the user's StormX Reward level
- Option to withdraw rewards in various cryptocurrencies
- Referral program that allows users to earn 10% of their referrals' shopping and staking base rewards
- Staking program for earning additional rewards
- Membership tiers with enhanced benefits
- Governance mechanism for community participation