stormx

ChainCatcher news, according to market news, the cryptocurrency cashback platform StormX has voluntarily filed for bankruptcy protection under Chapter 7 of the U.S. Bankruptcy Code. Creditors who believe they have claims against StormX, Inc. must submit proof of claim detailing the amount and basis of the claim. No claims agent has been appointed in this case, so any proof of claim must be submitted through the court's website.Previously reported, in July 2021, StormX raised $9 million in funding, led by Optimista Capital.

ChainCatcher news, MobileFI and DePIN reward ecosystem EARN'M announced a merger with StormX to launch the first IMO. EARN'M is a MobileFI and DePIN reward ecosystem that turns smartphones into EarnPhones. The team behind EARN'M, Mode Mobile, has been ranked as the fastest-growing software company in North America in 2023.It is reported that StormX is a project listed on Binance, operating in the cashback field since early 2017. It has achieved over $500 million in daily trading volume.

ChainCatcher news, EARN'M has partnered with StormX to announce the launch of the Initial Merged Offering (IMO), which will take place one month after the Token Generation Event (TGE) on December 19. The goal of the IMO is to drive sustainable growth in Web3 by merging liquidity, community, technology, and distribution channels. This merger will accelerate innovation for both parties, jointly leading the Web3 rewards space and promoting long-term development.EARN'M is a MobileFI and DePIN rewards ecosystem that transforms smartphones into EarnPhones. StormX has been operating in the cashback space since early 2017. StormX has achieved over $500 million in daily transaction volume.

ChainCatcher news, Simon Yu, co-founder of StormX and DuelNow, stated on X that there will be some significant updates for both StormX and DuelNow in the coming weeks.It is reported that StormX is an application and Chrome extension that allows users to shop and earn Crypto Cashback.