How does the StormX Rewards program work?
The StormX Rewards program further increases a user's earning and saving potential using a number of benefits based on the reward level you are in. Users will be rewarded in StormX (STMX) token which helps increase the user's level over time.
Increased Crypto Back Rewards
This benefit increases the crypto back reward you will receive for your qualifying purchase by a percentage amount.
Below is an example of a bronze rewards member getting rewarded for a qualifying purchase at The ABC Store.
The ABC Store has a crypto back percentage of 10%
$10 purchase x 10% = Original $1.00 crypto back reward
Additional Bronze Reward Benefit
25% x $1.00 = $0.25 in STORM tokens sent to your rewards wallet
Total Reward = $1.25
$1.00 in BOLTS + $0.25 in STORM tokens sent to rewards wallet
Decrease Reward Time
Some membership levels such as diamond level offer a decreased reward time benefit. This decreases the time you have to wait to get rewarded, also known as the refund period. Typically, this refund period is 90 days, but if you are a diamond member the timer can be reduced significantly.
For example, a diamond member has a decreased reward time of 75%. Instead of waiting 90 days for their reward, they would only wait 22.5 days.
90 days x 75% decreased reward time = 22.5 days left to wait
More benefits are coming soon!
How do I change my wallet?
To prevent abuse of the rewards program we do not allow users to change their connected wallet or to connect to a wallet that they do not have direct ownership of. We prove this by having the Reward member verify ownership. Otherwise, it would be possible for a user to connect their wallet to any wallet on the blockchain with a large balance and claim that they should receive those benefits.
If you accidentally lose access to your wallet permanently and need to change it you can contact support by submitting a ticket at the link at the top of this page.
Will you release any additional benefits?
Please stay tuned! We're focused on creating more benefits that are aimed at our micro-task users as well :)
What rewards are subject to change?
Since the rewards program is so new we may need to modify the benefit types and amounts. Reasons for modification include preventing the abuse of the program so all users can benefit from it long-term.
*Any USD values are estimates. The actual USD value will be different based on the exchange rate, transaction fees, and other factors.
Current Rewards Schedule
|Level||Tokens Required||Hold Time (days)||Rewards|
|Purple||0||0||More benefits coming soon|
|Bronze||3,000||7||25% crypto back reward increase|
|Silver||31,000||7||50% crypto back reward increase|
100% crypto back reward increase
25% reward time reduction
|3,100,000||7||150% crypto back reward increase
50% reward time reduction
|6,200,000||7||250% crypto back reward increase
75% reward time reduction