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Here are 10 reasons why StormX will soar, according to Altcoin Buzz

In a recent video, Altcoin Buzz shares with their subscribers 10 specific reasons why StormX (STMX) is a gem of altcoin that must be in your crypto portfolio.

here-are-10-reasons-why-stormx-will-soar-according-to-altcoin-buzz

At the time of the video, STMX was trading at $0.057:

“It’s had an absolute meteoric tear over the course of these last few months and currently it’s sitting at a market cap of 480 million, which means it’s sizeable, it’s grown quite a bit. But given all of the partnerships, all of the impressive news that it has both currently under its belt and upcoming, we feel that it’s got a lot of runways left”, Altcoin Buzz says.

STORM is an ERC20-compliant token that operates on the Ethereum blockchain. CEO, and co-founder, Simon Yu, evolved this digital currency from an app called BitMaker, he and co-founder, Calvin Hsieh, worked on in 2014.

“BitMaker allowed users to send money without transaction fees which was the main reason this app experienced high growth volumes. A new feature called BitTask was introduced which allowed users to trade their time and effort for trying out new products in exchange for Bitcoin or Ethereum. This feature is now the STORM Play App and has experienced massive growth since its launch in Feb 2017”.

StormX’s main focus area is microtasks and exploring ways to gamify that particular sector. Furthermore, the team is supporting this ambition by launching the StormX mobile application they’ve announced some absolutely incredible referral rewards.

“The idea here is that they’re providing users the ability to complete microtasks and receive compensation through a smartphone. Very impressively! They have around 75,000 monthly active users currently and that’s a number that’s growing pretty aggressively!”.

Additionally, according to Altcoin Buzz, the technology of StormX is helpful for freelancers by providing them with steady and stable work.

“These freelancers are called Storm players on the platform and they help create a global workforce that can be accessed from any internet-connected device worldwide”.

They further explain:

“”The StormX makers and Storm players are two major participants of StormX Market. StormX makers register and pay for the micro-tasks or services, while users who perform these tasks and services in exchange for payment are named StormX players. The users can redeem payments as Storm tokens (STMX) and furthermore, StormX tokens can be used in the StormX shop and can be exchanged with other cryptocurrencies”.

In fact, users can earn through 3 major areas in the Storm market including Storm Shop, Storm Play, and Storm Gigs.

Another fundamental reason for Storm’s potential growth is that the microtask platform is fully decentralized and completely transparent. In addition, the platform utilizes smart contracts to execute contract terms in a trustless manner so effectively.

The eighth reason to consider StormX is that the platform eliminates middlemen by using smart contracts:

“It’s significantly less expensive for players, as well as for makers, and besides these smart contracts also reduce the dispute resolution cost as well as the risk”.

Easy smartphone functionality also contributed to the potential growth of this project as Storm users can access the platform from any country and receive payments directly to their choice of cryptocurrency wallet.

At the end of the video, Altcoin emphasizes their bullish view for this project as well as the token due to strong fundamental reasons and the partnerships.

Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.

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