About the coin

STORM is an ERC20-compliant token operating on the Ethereum blockchain. It was developed by CEO and co-founder Simon Yu, evolving from an app called BitMaker, which he and co-founder Calvin Hsieh worked on in 2014. BitMaker allowed users to send money without transaction fees, leading to high growth volumes. A feature called BitTask was introduced, allowing users to trade their time and effort for trying out new products in exchange for Bitcoin or Ethereum. This feature is now the STORM Play App, which has experienced significant growth since its launch in February 2017.

Main features

The vision for STORM extends beyond being just a cryptocurrency. The founders aim to create a decentralized marketplace for tasks, known as the Storm Market. This platform will operate similarly to the Apple App Store or Google Play Store, serving as a platform where Storm Makers and Storm Players can create and accept tasks using smart contracts powered and paid for with STORM tokens. The app relies on a give-and-take model, allowing users to earn STORM, Ethereum, or even Bitcoin by completing relatively easy and enjoyable tasks.

How it works

Storm Market targets the freelancing industry around micro-tasks, competing with platforms like Upwork and Mechanical Turk. These competitors circulate large amounts of money but have inefficiencies that create hurdles for freelancers, such as high transaction fees. Storm Market aims to resolve these problems by reducing transaction fees and eliminating middlemen between buyers and sellers. It is a gamified micro-task marketplace that enables users to earn by completing different tasks. The company is expanding its platform by creating a decentralized storm market using blockchain technology. In this market, people can use their skills and talents to accomplish various tasks and receive rewards in the form of tokens. The goal is to operate a decentralized platform where anyone can offer or engage in tasks using blockchain-based smart contracts supported by ERC-20 tokens.