StormX STMX White Paper

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Hello and welcome to this blog post about StormX STMX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the StormX STMX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the StormX (STMX).

I can ensue you that, you will be able to understand every bits and pieces related to StormX (STMX) after going through the StormX STMX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

StormX STMX White Paper

StormX STMX white paper will be going to provide you, all the information that is needed to get started with StormX (STMX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by StormX (STMX).

Abstract

StormX, Inc. (“StormX”) is rebranding its popular AdTech application “BitMaker” to “Storm Play,” and contemporaneously kicking off both the increased gamification of, and the integration of blockchain technology to, the app. To introduce blockchain technology into its technology stack, StormX is introducing the STORM token, an ERC20-compliant token that operates on the Ethereum blockchain. “Storm Makers,” who post tasks in the Storm Play app, are required to pay for posts in STORM tokens, and “Storm Players,” who are the users of the app earn rewards, denominated in Bolts, for performing tasks.

With the introduction of Storm Play, Storm Players now have the option of monetizing their earned Bolts in STORM tokens. Storm Players may then become Storm Makers by in turn using STORM tokens to pay to post tasks on the platform. The introduction of blockchain to the Storm Play app marks the first step in an evolution toward what StormX envisions as an entire decentralized marketplace for tasks – the “Storm Market.”

The Storm Market will operate similar to the Apple App Store or the Google Play Store in that it will serve as a platform where Storm Makers and Storm Players can create and accept tasks using smart contracts powered and paid for with STORM tokens. StormX aims to make the Storm Market a platform that operates via a combination of StormX APIs and other proprietary software tools and applications, along with Ethereum-based smart contracts for various types of tasks which will execute using STORM tokens. People worldwide can benefit by adopting the Storm Market model as a mechanism for commerce, as it makes it easy for Storm Makers and Storm Players to connect and interact with significantly reduced transaction costs.

White Paper Link: StormX STMX White Paper

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