Blockchain Platform StormX Raises $32 Million in ICO
Gamified micro-task platform StormX has raised over $32 million in its initial coin offering (ICO). Over 11,500 people registered to participate in the ICO and nearly 9,500 were approved. The StormX ICO saw participants from all over the world, with individuals across 143 different countries contributing to the token sale.
StormX is the creator of Storm Market, a blockchain-based platform utilizing smart contracts on the ethereum blockchain to manage gamified micro-tasks between buyers and sellers through rewards in the form of STORM tokens, an ERC20 token. Storm Market is a platform similar to that of the world of gaming and game currencies. Members can use STORM tokens to access micro-tasks or to create micro-tasks.
During the ICO period, 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.
“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,” said StormX CEO Simon Yu. “We hope people worldwide will adopt our mechanism for commerce to connect and interact in a marketplace with significantly reduced transaction costs.”
Yu added that going forward, they plan to build on this success and focus on maximizing the user-experience by offering more products, services and opportunities in the Storm Market.
