Welp, today’s review will be rather quick....probably like many of your sex lives ;)
A simple ERC-20 token with a straightforward business plan…
Today’s review is Storm.
Let’s dig in..
Storm (ticker: STORM)
Mid-Tier Shitcoin (nearing towards low)
Wtf is this shit?
Storm, is a project owned by StormX, Inc, which offers a mobile application, “Storm Play”...this is a rebrand from “BitMaker.” Basically, it is a decentralized marketplace for freelancers and job posters to connect. The “Storm Market” is the name of the marketplace.
It is an Ethereum based project, hence STORM is an ERC-20 token.
There are Storm Makers, who may be companies, advertisers, or individuals posting jobs. Posting costs STORM.
Storm Players are the freelancers applying for jobs (and hopefully getting hired). They receive ‘bolts’ for their work, which are redeemable for STORM tokens which can be exchanged on the open market….surprisingly, STORM has a market on Binance. You can also be rewarded with bolts for helping keep the app tidy (categorizing certain job postings or even creating certain tasks).
The application also wants to promote micro-tasks (jobs paying small amounts since there are minimal fees compared to centralized competitors) and also offer a sampling section where users can sample good and products from the marketplace.
They claim to have over 250,000 active Storm Players to date and over 1M downloads from 187 countries….quite the stats for an app we have never heard of.
In the future they plan to have Storm Gigs and Storm Shop - not sure exactly how these are distinct from other features..but we shall see.
In summary, that is it..you get the gist of it. They don’t promote crazy tech - instead, they are an Ethereum based project trying to compete with Upwork and the likes.
Their biggest issues we have is that: they are in a highly competitive market, they don’t offer anything really unique, and oh yeah, their whitepaper was difficult to find.
Who tf is behind this shit?
Simon Yu is the CEO and founder. The whitepaper does not mention any ‘acutal’ credentials other than being a visionary, but judging by his LinkedIn he has been active as a founder previously, and he graduated university in 2014, so he is pretty young...but certainly has hustle. He also has interned at Amazon.
All in all, mid-tier shitcoin, mostly due to market metrics...wouldn’t be surprised if it goes to shit-tier, but we will see. Let’s see how they do.
Hope you learned some shit.
- Mike and Aaron