Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The new referral program of StormX provides a win-win opportunity for both existing as well as future users. The existing users can earn up to $1000 for each referral. On the other hand, new users will benefit from the platform’s cashback rewards system.
On Wednesday, October 21, cryptocurrency rewards platform StormX introduced a new referral program for its users. StormX is a popular player in the market and allows users to earn cash back for shopping across 500 online stores worldwide. The platform also supports some of the very big e-commerce players like AliExpress, eBay, Nike and others.
The new referral program from StormX rewards existing users nearly $1000 worth of digital currencies for every new friend who they refer to the platform. The condition is that the friend must also signup for a Gold, Platinum, or Diamond membership level. Besides, they must maintain their membership for a period of at least 90 days.
For each new referral user joining the Gold membership of StormX, the referrer earns $40. Similarly, the referrer earns $450 for each Platinum users and $1000 for each diamond users joining StormX. The users of the StormX app earn a variable crypto cashback percentage for orders place through the app on its supported stores.
Depending on the membership level, the cashback can vary from a few percent to as high as 87.5%. The cashback solution is implemented and supported by ultra-secure blockchain technology. StormX co-founder and CEO Simon Yu said:
“With the potential to earn up to 5.6% cashback at eBay, 22% from AliExpress, and 24.5% cashback at Agoda, StormX offers incredible value for users and an easy way for everyday shoppers to easily gain exposure to a wide array of cryptocurrencies, including Bitcoin, Ethereum, and our native StormX token”.
StormX’s ability to adapt to the latest crypto trends also helps it maintain its popularity in the market. Last month, the crypto cashback app also added support for the Yield-Farming DeFi token Yearn Finance (YFI).
StormX to Introduce Staking Rewards
As per the latest plans, StormX also plans to bring the staking rewards feature in the ongoing fourth quarter of 2020. Thus, users would be able to participate in the passive income generation by staking the StormX tokens (STMX) through the app.
Ever since StormX launched its Shop feature this February, the platform has seen massive growth in its user base. With over 350,000 registered users, the response to online shopping has also been incredible. Sales through the StormX app have also doubled consistently every passing month.
The StormX app also clocked nearly 2.5 million app downloads along with the sharp rise in the adoption of its cashback solution. StormX said that it will strive further to make cryptocurrencies and cash back available to more people. Future developments with staking rewards will certainly help it achieve new milestones.