Live: From the Eye of the Storm - AMA #1
Welcome to "Live: From the Eye of the Storm", StormX's AMA series hosted by members of the team, answering the questions that matter the most to the community.
The first episode was recorded live (22/04/2021) with questions coming from users on our official Discord server, to ensure you're able to participate please join via the links below.
Website: https://stormx.io
Debit Card: https://card.stormx.io
Twitter: / stormxio
Discord: / discord
What is StormX?
StormX has taken the traditional cashback model and supercharged it. By utilizing the powers of blockchain technology, they have been able to offer industry-leading rewards, cementing themselves as the leading Crypto Cashback provider. Their app is available on iOS and Android and features over 3 million downloads globally and has paid out over $2.8m in crypto cashback rewards. With an offering for first-time crypto users and seasoned pros alike, it's easy to see why they're taking the crypto world by storm. StormX is forever growing the merchants it works with and currently has offers from over 750 shops, across 150+ countries.
Start your crypto cashback journey today at https://stormx.io
0:00 Opening Remarks
1:54 Q: When purchasing something with STMX debit card, will it be converted from STMX to fiat at time of transaction?
Is this a taxable event? Each time we buy something and convert to STMX are these transactions taxable each time?
4:07 Q: Can our staking rewards be automatically transferred to our debit card?
5:05 Q: Are there any fees associated with topping up the debit card at Walmart 7-11, etc?
6:14 Q: If there are no 7-11 or Walmart nearby, how can I top up?
7:06 Q: What are the crypto back percentage when using the debit card?
10:03 Q: Is StormX debit card FDIC backed?
10:20 Q: How is StormX going to stand out from large companies such as Visa?
10:53 Q: Can you elaborate more on the social media awareness and marketing efforts that are currently in work?
12:22 Q: Is StormX going to swap to another chain?
13:55 Q: Will there be a card for the UK and other countries in the world?
14:14 Q: When will Amazon be added to the list?
15:04 Q: Would you consider launching a stable coin?
15:47 Q: What is the greatest challenge in the short term, and how does StormX plan to tackle that?
17:13 Q: Is StormX changing the requirements for the reward membership?
18:26 Q: Is STMX planning on getting to other exchanges?
19:28 Q: How do small business owners get listed in StormX?
20:14 Q: When will the debit card be sent out?
20:46 Q: How to fully utilize STMX tokens?
21:41 Q: After launching debit cards, would StormX consider deploying ATMs?
22:18 Q: Can we order food using STMX?
22:57 Road Map and future plans
26:54 Q: How is StormX going to survive another crypto winter?
28:33 Closing Remarks