{"id":211064,"date":"2021-03-26T00:30:00","date_gmt":"2021-03-25T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021\/"},"modified":"2021-03-26T00:30:00","modified_gmt":"2021-03-25T21:30:00","slug":"3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021\/","title":{"rendered":"# 3 reasons why StormX (STMX) price has rallied 2,800% in 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41a79ec5506\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41a79ec5506\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021\/#Staking_incentives_attract_active_users\" >Staking incentives attract active users<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021\/#Partnerships_and_network_expansion_lead_to_adoption\" >Partnerships and network expansion lead to adoption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-stormx-stmx-price-has-rallied-2800-in-2021\/#StormX_joins_in_on_the_debit_card_trend\" >StormX joins in on the debit card trend<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 reasons why StormX (STMX) price has rallied 2,800% in 2021 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services.<\/p>\n<p>Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards that offer cashback rewards in Bitcoin and StormX (STMX) has joined the crowd.<\/p>\n<p>StormX (STMX) is a gamified marketplace that allows users to earn STMX as well as other cryptocurrencies for shopping at one of its online network partner stores or by completing micro-tasks through its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/8a1fba48-71e8-4c80-9b7d-22f8c4597e56.png\"><figcaption style=\"text-align: center;\"><em>STMX\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of STMX has surged more than 2,800% over the past two months, going from a low of $0.0028 on Feb. 1 to a high of $0.083 on Feb. 20 as increases in staking, big-name retailer integrations, and optimism about the release of debit card helped propel the token price higher. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Staking_incentives_attract_active_users\"><\/span>Staking incentives attract active users<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the main driving forces behind growth in the cryptocurrency sector over the past year has been decentralized finance, which has offered a way for crypto holders to make money and earn a yield on their holdings without creating a taxable event. <\/p>\n<p>StormX currently offers a 17.5% yield on STMX tokens and the cashback rewards are increased for token holders.<\/p>\n<p>According to data from the StormX app, there are currently 799.7 million STMX tokens locked on the protocol, equating to a total value locked of $43.2 million at the time of writing. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Partnerships_and_network_expansion_lead_to_adoption\"><\/span>Partnerships and network expansion lead to adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the project\u2019s website, the StormX partnership network already contains more than 700 stores and websites from around the world, with more being added weekly as cryptocurrency adoption grows. <\/p>\n<p>A scroll through the project\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> feed also shows regular promotional events with big-name retailers like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stormxio\/status\/1372608861757190147\">Walmart<\/a>, eBay and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stormxio\/status\/1374428279776583687\">Kroger<\/a>, as well as cashback offers for other expenses like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stormxio\/status\/1366514185295843348\">hotel accommodations<\/a> and online learning courses at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stormxio\/status\/1369695835580170240\">Udemy<\/a>.<\/p>\n<p>Cryptocurrency rewards can range from 0.5% to more than 85% depending on the store and the users\u2019 membership level. Users have the option to receive their rewards in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dai (DAI), Yearn.finance (YFI) or STMX. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"StormX_joins_in_on_the_debit_card_trend\"><\/span>StormX joins in on the debit card trend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third reason for the strong growth and positive forward outlook for StormX can be found on the project\u2019s roadmap. <\/p>\n<p>The development team is currently working to integrate debit card functionality to the StormX app which will allow users to directly use their cryptocurrency holdings to pay for purchases and earn rewards at the same time. <\/p>\n<p>As a way to get the community involved in its development, StormX launched its first open-source bounty competition by calling for designs for its future debit cards and offered $100 in DAI to the winning submission. <\/p>\n<p>The team also plans to introduce on-chain governance voting to decide if new reward currencies should be added to StormX. <\/p>\n<p>Adding support for additional tokens could open the ecosystem to new investors who might be eager to spend their cryptocurrency on everyday purchases. <\/p>\n<p>With a wide-ranging partnership network and user incentives like token staking and cashback rewards on common purchases, the StormX ecosystem is well-positioned to see further growth, assuming that the mainstream awareness and adoption of cryptocurrency increases. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-stormx-stmx-price-has-rallied-2-800-in-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 reasons why StormX (STMX) price has rallied 2,800% in 2021 &#8221; Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards&#8230;<\/p>\n","protected":false},"author":1,"featured_media":211065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvNGFkMzI1NzUtM2RjMy00NmRmLTk1ZDUtZjNjMzNlOGM3OWU2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,88082,74863,75854,74876,117,78807,73785,72373],"class_list":["post-211064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin-debit-card","tag-cryptocurrencies","tag-debit-cards","tag-proof-of-stake","tag-business","tag-credit-cards","tag-markets","tag-rewards"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/211064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=211064"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/211064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/211065"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=211064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=211064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=211064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}