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Blockchain adtech startup StormX raises $32M in token sale

StormX, a blockchain, adtech, and micro-task company, has raised $32 million in the crowdsale of its ERC-20 token STORM Token.

“Thanks to the commitment of our Storm Players and Storm Makers, we are confident that we’ll achieve our vision of creating a gamified micro-task platform that will revolutionize and democratize the freelance micro-task marketplace. We hope people worldwide will adopt our mechanism for commerce to connect and interact in a marketplace with significantly reduced transaction costs,” StormX CEO Simon Yu said.

StormX said it will now focus on the next steps to develop the Storm Market. The Storm Market platform will operate like an online marketplace where Storm Players are rewarded for completing gamified micro-tasks. Storm Makers and Storm Players will be able to use the Storm Market platform to create and accept tasks using Ethereum-based smart contracts, which are powered by STORM Tokens.

The Storm Market platform will include three gamified opportunities in the following categories

  • Storm Play, formerly known as BitMaker, rewards anyone STORM Tokens for watching advertisements and trying out new products and services.
  • Storm Shop will reward users with STORM Tokens for buying certain products and services.
  • Storm Gigs will enable anyone to request services, such as QA Testing or Machine Learning tasks, and select available, appropriately-skilled workers to complete micro-tasks.

During the period of the crowdsale, StormX cemented strategic collaborations with Alchemist Ventures, QTUM, Changelly, Zencash, Kyber Network, Bancor, and Jaxx to expand the platform’s global presence and enhance the utility of STORM tokens.

“Alchemist is delighted to have played a critical role by incubating such a high-profile and successful token sale. By bringing StormX together with major partners like QTUM, Kyber Network, and Bancor, Alchemist has helped create an unstoppable force in connecting millions of individuals to a new, decentralized and democratic economy,” Alchemist Ventures Founder Steven Nerayoff said.

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