StormX: Building a Decentralized Global Marketplace for Freelance and Microtasks

The origin and core objective of StormX

StormX initially launched as the Android microtask app BitMaker, allowing users to earn rewards through simple tasks. With the rise of blockchain, the team transformed and launched Storm Play along with the ERC-20 token STMX, aiming to build a global freelance and microtask Storm Market. Through Decentralization mechanisms, it seeks to reduce trust costs and enhance the efficiency and fairness of task posting and completion.

Storm Play and Storm Market: The main ways to earn cryptocurrency

Users can complete various tasks such as watching ads, downloading apps, interacting with games, and participating in surveys through the Storm Play app to earn points called Bolts, which can be exchanged for STMX. Storm Market is a decentralized task platform based on Ethereum smart contracts, where task publishers (Storm Makers) use STMX to publish tasks, and completers receive token rewards. The system automatically executes reward distribution, creating a fair and transparent environment.

Gamification design enhances user experience

StormX incorporates game elements, adding experience points, task levels, and ability development, and temporarily unlocks more tasks through “Boosts,” breaking down large goals into phased tasks, allowing users to gain a sense of achievement and engagement during the task completion process, greatly increasing the fun and participation of the tasks.

STMX Token Economics and Functions

STMX is the platform’s native ERC-20 token, with a total supply reasonably allocated to support ecological balance, including 41.74% for public sale, 25% for company reserves, 23.26% locked to promote market stability, and 10% for user rewards. STMX serves as the medium for task trading, with Storm Makers needing to pay tokens to publish tasks, and Storm Players able to redeem rewards upon completing tasks. Furthermore, with the platform’s decentralization, STMX is also expected to be used as a governance token to support voting and decision-making.

Summary

StormX is not just a task platform, but also leads the global Earn-to-Engage economy trend, integrating transparent blockchain technology with engaging gamified design, possessing the potential to attract new users and enhance retention, setting a new benchmark for the freelance and micro-task market in Web3.