## What Is StormX (STMX)?

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards. 

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.


### Who Are the Founders of StormX?

[Simon Yu](https://www.linkedin.com/in/simonyu0311/) is the CEO and co-founder of StormX. 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. 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. After graduating, Simon Yu became a financial analyst intern for Amazon and then became a senior credit risk analyst for KeyBank. In 2015, Yu and his team founded StormX.

[Calvin Hsieh](https://www.linkedin.com/in/calvinhsieh/) is the CTO and co-founder of the company. 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 April 2015, Hsieh joined Bomba Fusion LLC as a manager and web developer, and in 2017, he became a co-owner of the company. In 2015, he co-founded StormX with Simon Yu.


#### What Makes StormX Unique?

StormX is the first crypto cashback solution that allows users to earn rewards and cashback for their fiat purchases. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system. 

By 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. The STMX token allows users to lock staking contracts and earn interest on their investment. With more than 750 online stores part of the StormX cashback program, customers can easily stack up cashback rewards. 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. Finally, StormX has attracted the attention of several big names in the industry and has secured over $30 million in funding. 


#### Related Pages:

Read more about [pNetwork](https://coinmarketcap.com/currencies/pnetwork/).

Find out more about [Loopring](https://coinmarketcap.com/currencies/loopring/).

Learn more about [DApps](https://coinmarketcap.com/alexandria/article/how-to-access-dapps-on-your-mobile-phone).

Have a look at the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many StormX (STMX) Coins Are There in Circulation?

STMX has a total supply of 10 billion tokens and a current circulating supply of 8,412,333,047 STMX. 

According to the [official whitepaper](https://assets.stormx.io/storm-token-whitepaper.pdf), a quarter of the total token supply was distributed among the company and founding team members. Another 23% of STMX tokens remain locked for platform utilization and support. More than 40% of the total token supply was distributed among several crowdsale events. Lastly, about 10% of the total supply was distributed among users. 

StormX initially launched its token under the ticker STORM. However, in 2020, the company went through a [token swap](https://coinmarketcap.com/alexandria/glossary/token-swap) and launched the STMX ticker. 


### How Is the StormX Network Secured?

As an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token, STMX is secured by [Ethereum’s](https://coinmarketcap.com/currencies/ethereum/) proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism. The PoS consensus mechanism relies on stakeholders to become transaction validators. This is what differentiates this consensus from the proof-of-work ([PoW](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow)) utilized by Bitcoin. 

The PoS consensus mechanism is extremely versatile, as it does not require vast amounts of electrical or computing power, unlike PoW. Not only that, as STMX is an ERC-20 token, this makes the cryptocurrency widely distributable and exchangeable. Ethereum-based tokens can be integrated into [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) and smart contracts on the Ethereum blockchain. 


### Where Can You Buy StormX (STMX)?

As an established cashback application since 2015, StormX has secured a top place among crypto enthusiasts. This is why the STMX token is widely available on a number of exchanges. 

If you are looking to purchase STMX tokens, one option is  [Binance](https://coinmarketcap.com/exchanges/binance/). Other exchanges where STMX is available include:



*   [Bittrex](https://coinmarketcap.com/exchanges/bittrex/)

[Find more information here](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying cryptos.


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Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization.

Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra.

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Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

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Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

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Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

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DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.

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To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

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COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.

COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020.

It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast.

The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway.

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Voyager Token is a cryptocurrency broker that provides investors with a trusted and secure access point to crypto asset trading. Voyager is built to serve both retail and institutional investors with a nigh-instant solution for trading crypto assets.

The crypto brokerage service which launched in October 2018 now supports over 55 crypto assets and has a unique smart order routing technology that connects it with over a dozen crypto exchanges. The mobile app of the Voyager Token launched in January 2019, making it even easier for users to trade cryptos.

The native token of the brokerage, Voyager Token (VGX), is used to reward users within the Voyager ecosystem. VGX also generates interest when held in the Voyager app, offers cashback rewards, and other services exclusive to Voyager users.

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The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

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Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

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Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

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