Nick Chong · 1 week ago · 2 min read · Insights via Grayscale Investments
What is Storm Token?
Storm Token is an ERC20 utility token that StormX, Inc. used to fund further development of the company’s mobile app, Storm Play.
Storm Play utilizes blockchain technology to match users with tasks, and allows users to watch videos, try products and services, play games, and perform other functions in exchange for payments of cryptocurrency (Android app download).
The crowdsale ended December 7th, 2017, and raised $32 million.
Following the listing on Upbit, Storm Token became the second most actively traded cryptocurrency by volume, following Bitcoin. Today, Storm Token still ranks at number four by trading volume.
Upbit has quickly become Storm Token’s most active exchange, encompassing over 80% of the token’s trading volume in the last 24 hours. Storm Token has moved from 135th at the beginning of February to 57th in market capitalization following two impressive months of development.
Next week, CryptoSlate will be publishing an in-depth look into Storm Token through a coin introduction post.
For more information about Storm, including price, market cap, technical information, social media links and team members, please visit the Storm Token coin profile.