Storm is a decentralized platform based on blockchain technology that can be used as a marketplace for knowledge workers. Companies can then offer assignments that cannot be carried out by computers, and individuals can make their work available in exchange for a fee in Storm. The assignments can often be carried out on a mobile, which makes the platform interesting for developing countries. In developing countries, people often have a telephone but unfortunately not a bank account. With Storm it becomes possible for them to perform work and receive reimbursements without having to have a bank account.
Companies can place orders on the Storm platform and knowledge workers can offer their work. If there is a match between supply and demand, the assignment will be carried out. After the assignment has been carried out and accepted by the client, the person who has carried out the assignment will receive compensation for this. This reimbursement takes place in Storm so that people who do not have a bank account have the opportunity to receive it.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store StormX. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing StormX and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store StormX without any technical knowledge. Here is a brief overview of the existing wallet options to store your StormX:
Hosted wallets are wallets where the private keys to your StormX are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your StormX online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your StormX. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your StormX, and if malicious parties have access to your device, your private keys (and therefore your StormX) can be stolen.
A hardware wallet is a physical device on which you can store your StormX offline. It is one of the safest ways to store your StormX, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your StormX is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive StormX. Once you have purchased StormX on Bitvavo, you can choose to send your StormX from your Bitvavo wallet to your own software or hardware wallet.