- >Best Crypto Tools
- >StormX Crypto Shopping App
StormX Overview
- Mobile app and browser extension that awards crypto cashback
- Earn rewards in Bitcoin, Ethereum, Litecoin and other cryptocurrencies
- Unique membership program gives you different tiers of cashback
- Get crypto cashback on brands like Adidas, Lego, Levi’s and more
StormX Pros & Cons
Pros
Allows users to shop and earn free cryptocurrency
The app is available on both Google Play and the App Store
Users can exchange their earnings for gift cards from major retailers such
Makes building a crypto portfolio stress-free
Users holding STMX in the app earn higher interest
Cons
List of retail partner could be better
Not all cryptocurrencies are supported
What is StormX?
At its core, StormX is a crypto cashback application that comes with a downloadable version on both Android and iOS devices as well as a Chrome add-on that users can install to their browser to start earning on their online purchases. The app allows its crypto-back features on more than 1000 stores including reputable brands such as Nike, eBay, Levi’s, SONOS, Adidas, Lego, Apple, and Samsung.
Using StormX is easy: once you sign up for an account, you can browse the app’s available stores and start to earn. You then start to earn crypto cashback ranging from 0.5% to a whopping 87.5% based on your membership level. The majority of cashback isn’t anywhere near that high, however. From $10 and above in their wallets, users can start to withdraw their rewards to any crypto wallet. The platform supports cryptocurrencies such as BTC, ETH, LTC, and its native token STMX to name a few.
As an incentive for token holders, the platform allows users to move up the membership status based on the number of STMX tokens they hold in their wallets. The higher the level, the more percentage of cash back users can start to earn. The membership levels vary from the Purple to the Black level, and the cashback percentage offered for each store also differs.
To get to the first tier, there is no requirement to hold STMX tokens, however, the more you hold, the higher you will be able to climb.
For example, to get to the Diamond level, which is the highest StormX tier, you need to hold at least 6,200,000 STMX in your wallet. Keep in mind that’s close to $40,000 at today’s prices so it’s a big investment for cashback. The company plans to offer more benefits using NFTs for token holders as the platform grows.
Best Features of StormX
StormX presents more than one method for earning crypto. Users can earn crypto by simply shopping for crypto cash backs. The next method is through upgrading their membership level through the STMX tokens they hold.
There is also the option of participating in StormX’s blockchain, where stakers are rewarded. StormX also has a decentralized governance structure where a token called Athens (ATH) is used to link decentralization and the idea of democracy. Users who complete more shopping trips, stake more coins, and complete other tasks on the app can claim their accumulated ATH tokens.
Overall, the app’s best feature is the fact that it allows users to earn crypto in multiple forms, and with the support of multiple cryptocurrencies, users can build up their portfolio is whatever coin simply by making day-to-day purchases. It’s a sharp contrast to close competitor Lolli, which only offers Bitcoin-based cashback.
Is StormX Easy to Use?
The app has a very user-friendly interface that is perfect for beginners who are looking to get into the world of cryptocurrency. The chrome extension is also very easy to install and use.
The StormX team has built a loyal user base by giving shoppers the ability to cash in on their everyday purchases with ease.
In addition to being able to receive rewards in cryptocurrency, users can also exchange their earnings for gift cards from major retailers such as Amazon, Starbucks, and Google Play.
The company has also expanded its service offerings to retail outlets with a debit card that lets you spend and earn $STMX rewards at more than 46 million locations around the world.
Soon, StormX plans to add support for more cryptocurrencies and integrations with popular loyalty programs. The company is also working on expanding its merchant network to include more major retailers.
What Browser Does StormX Support?
The platform currently only supports the Google Chrome browser and Microsoft Edge. However, the team is planning on adding support for more browsers in the future.
It does support mobile with apps for iOS and Android.
Is StormX Free?
Yes, the platform is currently free to use.
Potential Dealbreakers
One potential dealbreaker for the platform is the fact that it only supports a limited number of cryptocurrencies. While the platform does support some of the more popular coins such as BTC, ETH, and LTC, many other coins are not supported by the platform.
Another potential dealbreaker is the fact that the platform only has a limited number of partner retailers. While the platform does have some big-name partners such as Nike, eBay, Wal-Mart and Samsung, many other retailers are not supported by the platform.
The last potential dealbreaker for the platform is the fact that it is only available on the Google Chrome browser as well as the Microsoft Edge browser. Safari and Firefox users are out of luck.
StormX Frequently Asked Questions
The platform currently only supports cashback in Bitcoin. However, the team is planning on adding support for cash back in USD in the future.
Yes, you can earn Ethereum’s Ether (ETH) with StormX. The app feature a point system where every crypto cash-back reward is given through points using the platform’s in-app token called Bolt. The more Bolts you earn, the more you can convert them into the cryptocurrency of choice on the app.
Compared to Lolli which is available on tons of top brands and has a large community, StormX might appear to be lacking behind. However, StormX offers crypto-cashback of more than 80 percent, which is way more than Lolli. Also, with the introduction of their new Athens project, StormX might have an edge over Lolli in the future.
Bolts or StormX points help you save on conversion fees when cashing out your rewards to cryptocurrency. They also allow you to convert your rewards to the cryptocurrency of your choice, including Bitcoin, Ethereum, Litecoin, and more. Therefore, users are not locked into the platform’s native token.
As mentioned, StormX’s membership tiers are based on the amount of STMX stored in their wallet. STMX holders can therefore earn as much as 3.5x more on their crypto-cashbacks based on their membership level.
The lowest level is the Bronze level with a 1.25x more cashback reward. There is also a Silver tier and a Gold tier with a 1.5x and 2x plus 24 percent reward respectively. At the very top, there is a Platinum level with a 2.5x plus 50% reward and a Diamond tier with a 3.5x and 75% reward. But it requires a staggering 6.2 million STMX.
STMX is currently available on Binance, Kucoin, and StormX’s platform. You can also buy STMX with fiat currency on StormX’s platform.