StormX Coin is a cryptocurrency that acts as a reward token within mobile apps. In this article, as Kriptokoin.com, “What is StormX?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is StormX? What does STMX do?
STMX allows high-speed transactions on Blockchain. Those who complete the tasks that are included in the games in the Storm Play application and matched with them, earn STMX Coins. Additionally, STMX Coin is the ERC-20 based utility Token of the StormX ecosystem.
What are the advantages?
The biggest advantage; to ensure that investments increase their returns without risk. It offers a model called Cash Back. In this model, an investor pays with STMX Coin while shopping online within certain apps. Along with this, more gifts STMX Coins are earned. The platform offers the opportunity to earn crypto money while shopping.
Another advantage is; Its liquidity is that it is included in the lists of different exchanges. In this case, the coin is included in the game with different prices on different exchanges. In order to gain a buy-sell advantage, the person can buy STMX Coin from the stock market where the price is at the appropriate level and sell it on the stock exchanges with high prices. In this way, the chances of making a profit are increased.
What are the disadvantages?
STMX Coin is at risk of attacks on cryptocurrency exchanges if stored in virtual wallets. This risk is eliminated if the offline storage option is preferred in the desktop wallet to prevent balance losses.
Another disadvantage; The reason is that the price bar it has among altcoins is not high. If coin arbitrage will not be made, it is mostly preferred for medium-term investments. It is also unlikely to offer the opportunity to make effective profits within minutes, such as BTC, ETH, high-value altcoins.
What is StormX? How to buy STMX?
Stock exchanges that can be traded with STMX; Gate.io is Binance, FTX, Bittrex, VCC Exchabge, HitBTC, Upbit, Nominex, WazirX. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the STMX listing exchange you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose STMX Coin with the balance you want and create a purchase order. Store in your trusted cold or hardware wallet accounts.
