Review on StormX by Věra Filipová

I am always spending my time to discovering the different projects and products within the crypto space because the environment is very dynamic and I would like to not miss any good opportunity to explore, try and probably even invest. One of such areas worth exploring is crypto cashbacks which occurres alongside the traditional cashback websites. Whole principle is based on affiliates websites where owners of these websites are rewarded by salers for promoting their brand nad there are handful of such brands (typically Aliexpress, Amazon, Ebay and similar). You will be then rewarded (owners will share part of their affiliate income with you) by this owners of the website with their native token or sometimes with Bitcoin. The websites can differ in the percantage they will give you so you are tempted to choose the one with the highest percentage reward. On the other hand it is not so simple. Here is the main issue with those crypto cashback websites that they have made crypto token from the thin air (usually ERC-20, or similar EVM chain compatible token standard such as BSC-20 and others) and rewarding you with such tokens means that they will keep their affiliate income almost for themselves and you will be left with sometimes worthless token. To be just there are some tokenomics of such crypto cashback projects that are not creating tokens from thin air where native token is serving as utility or governance and have more meaning fot its existence. The problem is that the traditional cashback websites will reward you with the money so it is almost in all occasion better than the rewards with native tokens. For me personally I would look for the cashback websites which are offering Bitcoin as reward. This type of cashback can serve you well as a dollar cost averaging strategy for Bitcoin. Where StormX is fitting?



It is cashback website which utilizes browser extension but has also its own cell phone app (this is not standard) and rewards you with their native token (my first issue with the project as I have mentioned above).



You will not get your reward to your wallet (it will not be sent here) but within the app so you have to move the tokens to some exchange or wallet and pay quite high fees for withdrawal as it is common ERC-20 token (second issue). It is good that they have their token listed (even on Binance). The have even create another token - governance token Athens.





I suppose that instead to see decentralization in this move I can only see another opportunity to raise more capital (third issue). Worth to mention they have the percentage rewards on par with others. To sum it up I would choose different cashback provider.