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Blockchain startup StormX lowers Community Appreciation Sale cap due to high demand

StormX, a blockchain, adtech, and micro-task company, has lowered Community Appreciation Sale Period cap for its STORM token from 350 ETH to 100 ETH.

The announcement follows a community survey in which 9,641 unique individuals in less than 24 hours submitted requests to participate in the Community Appreciation Sale Period. As the sale is first come, first serve, the updated terms will enable more StormX supporters to participate, StormX sad. The public sale for STORM tokens, which will be required to be used within StormX’s gamified micro-task marketplace called Storm Play, will commence October 20, 2017.

“Due to the overwhelming community response we’ve received, StormX wants to enable more individuals to participate in the Community Appreciation Sale Period and join the Storm community and lowering the individual cap enables this wider participation. In doing so, we are creating a more fair and inclusive process for our loyal supporters,” StormX CEO Simon Yu said.

In addition, StormX announced a loyalty program that will reward most engaged existing BitMaker users with STORM tokens after the conclusion of the StormX crowdsale. In the airdrop, each BitMaker user will receive STORM tokens via an Ethereum smart contract to start their involvement in the new Storm Play platform and will be able to access them through their existing BitMaker accounts.

BitMaker, which will be rebranded into “Storm Play” after the conclusion of the STORM token crowdsale, currently has over 270,000 monthly active users in 187 countries.

“With the STORM Airdrop, we’re conducting what we believe is the most well-earned airdrop ever, rewarding existing BitMaker users with STORM tokens,” Yu said. “The execution of our airdrop will be one of the first true loyalty programs in the cryptocurrency space. The benefits of doing an airdrop to our existing user base are twofold: first, we are rewarding those who already trust and rely on our product and incentivizing them to continue to engage and earn. Second, we are establishing a rock-solid foundation for our new ecosystem to make it all the more appealing for new users to join and experience the benefits of Storm Play.”

StormX recently announced that it has raised approximately $16.5 million from accredited investors in a private pre-sale of its ERC-20 token, STORM token.

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