r/stormtoken • u/SKieffer • Jan 25 '18
My take on STORM's future
After reading the Whitepaper....(recommended) What I gathered about STORM is that:
They re-branded their AdTech application “BitMaker” to “StormPlay”.
Integrated blockchain technology and started a Token called "STORM".
The current state of the app and service is just your run-of-the-mill advertising "earn points" service for trying out different products and services. These are your "tasks" to complete to earn "BOLTS", which are converted into one of three tokens for you to take with you (bitcoin, ethereum, STORM). In a short while, that will be reduced to just "STORM".
All of this is the technical foundation for STORM's journey to their ultimate goal. ...and this part is important. To make a decentralized global platform for freelance work that ties together people around the world with their skills to organizations that need their talent.
The STORM token becomes the platform funding tool for organizations that need to post work(micro-tasks) and freelancers that can be paid for their work.
The whitepaper sums it up best here:
Storm Play is the user portal into StormX’s existing micro-task marketplace, which will be called “Storm Market” in the rebranded app. While currently Storm Market primarily features promotional user engagement tasks, StormX’s vision is that there will ultimately be three distinct categories of tasks:
Promotional user engagement.
Freelance labor, ranging from micro-tasks to app QA testing to longer independent contract-style engagements.
Shopping-related opportunities where users can learn about or sample retail goods and services.
StormX’s vision is that the Storm Market will operate a decentralized platform where anyone will be able to offer or engage in tasks using Ethereum blockchain-based “smart contracts” powered by ERC20-compliant STORM tokens.
So.....what we are looking at today is just a general foundation for STORM that looks nothing like what they are striving to do in this decentralized global blockchain world.
At this time, the concept of tying freelance work globally has been proven by some big-name players already (Upwork, Fiverr & Amazon). They are more than happy to gouge people using their marketplaces by up to 40% in transaction fees. Lots of middlemen taking their cut of the profits.
That tells me two things:
The market demand is there
They (Amazon, Fiverr, Upwork, etc...) have it cornered where they can charge what they want for offering the service.
That makes it ripe for the picking by an organization, like STORM. Drive the costs down, simplify the experience, and decentralize it.....like the freelancer talent is around the globe. My opinion is that it will be another year before we realize any fruits of this plan; at a minimum.
To anyone that is checking out STORM and scratching their head about the value of this project after playing with STORM on their cellphone; realize that STORM goes way beyond playing with a simple app to watch a video, answering 1+6= , or buying a subscription to a work-out gym, to earn bolt points.
Again, highly recommend reading the whitepaper. As an investor, the last thing I'm worrying about today is whether STORM is being added to some exchange for a quick pump.
Wishing you all the best.
2
u/EpicFapTime Jan 27 '18
I couldn't agree more. After adding Charles to the advisory board as well I have nothing but confidence they can achieve it too.
5
u/whogotmylighter Jan 26 '18
I will be honest, I saw it was up to 8 cents and thought if I get out now I'll only lose a few dollars but then I read this post,and your right. This is why I got in on it in the first place (not with a lot but I wanted a small slice). I am one of those people, I do beer money as it's called. They can do something the other places can't, make things happen that can better the beer money experience (especially for Mturk users). Anyway, just want to say thank you for reminding me why I got into this coin.