What StormX does

StormX is a Seattle-based Web3 company, founded in 2014, that built a crypto cashback platform enabling consumers to earn cryptocurrency rewards on routine online purchases. Its core products are the StormX mobile app (iOS/Android) and browser extension (Chrome, Edge, Brave), which route users to over 1,000 partner retailers — including Nike, eBay, Walmart, Microsoft, NordVPN, GameStop, and Macy's — and convert a portion of resulting affiliate commissions into crypto payouts ranging from 0.5% to over 87.5%. The platform is powered by the STMX ERC-20 token (10 billion total supply, ~44,000 holders), which qualifies holders for six membership tiers (Purple through Diamond) offering cashback multipliers up to 3.5x and accelerated payouts; a staking module for STMX and the ATH governance token was decommissioned in October 2024.

StormX monetizes exclusively through affiliate referral commissions retained as a transaction fee on user earnings — the consumer product is free, with StormX absorbing withdrawal gas fees. Distribution is fully self-serve via app stores and browser marketplaces, supported by product-led and community-led go-to-market motions through Discord and a 10%-forever referral program. The company raised over $32M via a 2017 crowdsale and an additional ~$15M across 2021 venture rounds (Optimista Capital, Kosmos Ventures, Plug and Play). In September 2024, StormX announced a strategic alliance and proposed merger with EARN'M (a Web3 rewards platform reporting $60M+ revenue and 45M+ users), which was followed by the October 2024 staking decommissioning. In 2025, StormX, Inc. filed a voluntary petition for Chapter 7 bankruptcy protection in the Delaware bankruptcy court (case 25-10730(BLS)), and the StormX Shop is currently displayed as down for maintenance. The Singapore entity (StormX Singapore PTE LTD) continues to hold the copyright notice, but operating status for the core product is effectively terminated.

Name

StormX

Legal name

StormX Global SEZC, Inc.

Website

https://stormx.io

Company type

Private

Founded year

2014

Operating status

Closed

Headcount range

51–100 employees

Short description

StormX is a Seattle-based Web3 platform, founded in 2014, that lets consumers earn cryptocurrency cashback on purchases at over 1,000 partner retailers via mobile app and browser extension. The company filed for Chapter 7 bankruptcy in 2025.

Ownership category

akta.pro rank

Product category

Crypto Cashback Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)

akta.pro secondary industries

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Staking & Earn Programs (Exchange-Operated) (FSADAAAH), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Crypto cashback platform
• Blockchain shopping rewards
• Affiliate cashback app
• Cryptocurrency loyalty program
• Web3 rewards ecosystem

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Affiliate Commission Revenue: StormX receives discounts/commissions from partner brands and online retailers worldwide and passes the savings to users in the form of crypto cashback. StormX takes a small transaction fee from these affiliate earnings.
2. Crypto Cashback Transaction Fees: StormX earns revenue when users earn crypto. The company receives a percentage of affiliate sales and converts user earnings, retaining a transaction fee.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

StormX operates a blockchain-based crypto cashback platform that lets individual consumers earn cryptocurrency rewards when shopping online at over 1,000 partner retailers. Users self-onboard through a mobile app (iOS/Android) or browser extension (Chrome/Edge), activate a reward at a partner store, and receive cashback ranging from 0.5% to over 87.5% in crypto, governed by STMX token-based membership tiers and an off-chain platform ledger.

Product overview

StormX is a Web3 crypto cashback and rewards platform offering a unified ecosystem of products. The core offering consists of the StormX App (mobile for iOS/Android) and StormX Browser Extension (Chrome/Edge), which enable users to earn cryptocurrency cashback (0.5% to over 87.5%) while shopping at over 1,000 partner stores through the StormX Shop. The platform is powered by the STMX ERC-20 token, which unlocks membership tiers (Purple through Diamond) providing reward multipliers up to 3.5x and faster payouts. Supporting modules include StormX Staking (decommissioned October 2024), StormX Referrals (10% commission on friends' earnings), StormX Play (play-to-earn games/surveys), StormX Governance (community voting via Snapshot), and StormX Labs (experimental features including Liquidity Mining and NFTs). The platform maintains an internal ledger system tracking Bolts, STMX Credits, and pending rewards.

Differentiator

Problem solved

Functional benefit

Products and services

• StormX App Mobile application for iOS and Android that enables individual consumers to earn cryptocurrency cashback while shopping online at partner stores; provides access to shop directory, membership, and account management.
• StormX Browser Extension Browser extension for Chrome, Edge, and Brave that tracks purchases at partner stores and automatically activates crypto cashback rewards for desktop users.
• StormX Shop Online shopping directory listing over 1,000 partner stores where users activate rewards before purchasing to receive crypto cashback after verification.
• STMX Token ERC-20 utility token on Ethereum blockchain granting holders governance rights and unlocking membership tiers for increased cashback rewards.
• StormX Pick'em Free-to-play, free-to-enter Professional American Football Pick'em competition for entertainment, accessible to users with a StormX account.
• StormX Merch Store E-commerce store selling StormX-branded physical and digital merchandise.

Quantifiable outcome

• Users can earn up to 3.5x higher rewards compared to competitors through the token-based membership model
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• EARN'McoreStrategic or Co-development Partner · 30 September 2024Strategic alliance announced September 30, 2024 to explore merger between StormX and EARN'M. EARN'M is a Web3 rewards platform with 45 million+ users and $325 million earned across users. Partnership aimed at combining StormX's cashback with EARN'M's diversified earning platforms. EARN'M generates $60M+ revenue and accounts for 5% of Polygon network transactions.
• MoonPaysupportingTechnology or IntegrationThird-party component integrated into StormX Mobile App (MoonPay Widget) allowing users outside the US to purchase STMX tokens directly within the app.
• MetamaskTechnology or IntegrationNon-custodial wallet integration allowing users to connect their MetaMask wallet to StormX for membership tier qualification and token management.
• Trust WalletsupportingTechnology or IntegrationNon-custodial wallet supported via WalletConnect protocol, enabling users to connect Trust Wallet for StormX membership and staking features.
• KuCoinsupportingTechnology or IntegrationExchange wallet supported via API key integration, allowing KuCoin users to connect their exchange wallet to StormX services.
• 1,000+ Online RetailerscoreChannel Partner/ Reseller/ DistributorAffiliate partnerships with over 1000 online stores globally including Nike, eBay, Walmart, Microsoft, NordVPN, GameStop, Macy's, Groupon, StockX, and many more. StormX earns affiliate commissions when users shop at these stores through the platform.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Crypto.com: Major centralized crypto exchange and consumer crypto platform offering cashback cards, earn/staking programs, and a payments app. Overlaps with StormX on crypto rewards and token utility mechanics, but operates as a full exchange rather than a shopping-cashback niche player.
• Swagbucks: Long-standing consumer rewards platform offering cashback, surveys, and shopping rewards. Overlapping value proposition (earn rewards for everyday online activity) and SMB advertiser integrations, though pays in fiat/gift cards rather than crypto.
• Rakuten: Largest mainstream cashback platform globally (public company with $15B+ market cap) operating affiliate cashback, shopping rewards, and a broad fintech ecosystem. Directly comparable shopping-cashback business model, but lacks StormX's crypto-native token rewards mechanic and is geographically limited to fewer countries.
• Upside: Cashback and rewards platform focused on gas, grocery, and restaurant purchases with a mobile-first consumer app. Comparable cashback-as-a-service model and self-serve consumer UX, though oriented to in-person US retail rather than global e-commerce.
• Coinbase: Largest publicly traded US crypto exchange with consumer wallet, earn/staking, and a shopping-style rewards marketplace via its Coinbase One and reward partnerships. Comparable as a crypto-onramp and rewards venue for mainstream consumers, though not focused on shopping-cashback affiliates.
• Shopkick: Shopping rewards app acquired by Trax providing cashback and gift-card rewards for in-store and online purchases. Directly comparable consumer-shopping rewards mechanic and mobile-first PLG distribution, but operates without crypto/token mechanics.
• Honey (PayPal): Browser-extension-based coupon and cashback platform acquired by PayPal for $4B. Directly comparable distribution model (Chrome extension, affiliate commissions) and overlapping retailer partnerships with StormX, but does not pay rewards in crypto.

Direct peers

• Fold: Bitcoin rewards and payments app that offers cashback in BTC for shopping, dining, and card spend. Direct peer in the crypto-rewards consumer app category with a debit-card distribution model; smaller scale than StormX but a similar target user.
• Lolli: Bitcoin rewards shopping platform that gives users sats cashback when shopping at partner retailers via browser extension. Closest direct competitor to StormX in the crypto-cashback category, with a similar affiliate-revenue model but Bitcoin-only payouts versus StormX's multi-token and STMX-membership approach.
• EARN'M: Web3 rewards platform reporting 45M+ users, $325M earned across users, and $60M+ revenue with 5% of Polygon network transactions. Subject of the September 2024 StormX strategic alliance and proposed merger; offers diversified earning formats beyond shopping cashback.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/stormxio
• Facebookfacebook.com/stormxio

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds7 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about StormX