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KateEARN’M and StormX have been quietly working together to unlock new possibilities in the rewards and loyalty space. Now, after recognizing the incredible potential of their combined efforts, the two projects are poised to take their collaboration to the next level.
This upcoming alliance hints at something even bigger—a potential full merger that will combine the strengths of both platforms to redefine the future of rewards and savings.
About EARN’M
EARN’M is at the forefront of mobile innovation, with a community of over 45 million users who have collectively earned and saved over $325 million. The team behind EARN’M has been recognized as Deloitte's Fast 500 #1 Fastest Growing Software Company in North America, achieving an impressive 32,481% revenue growth, surpassing notable companies in the Web3 space.
EARN’M designed a unique system to seamlessly convert Web2 users into Web3 participants by subsidizing gas fees across any EVM-compatible blockchain integrating EarnOS and the EARN’M SmartWallet. The system uses data and attention as its currency while sustainably delivering on-chain revenue for platforms.
Each day, over 75,000 unique active wallets are created through EarnOS by integrating the EARN’M SmartWallet across EARN’M’s partner platforms. This has led to over 10 million users onboarded and over $3 million in network revenue fees generated for the protocol.
Collectively, users have earned and saved over $325 million while spending an impressive 18.6 billion minutes across 10,000+ different smartphone models.
These activities represent over 5% of the total transaction volume on the Polygon network, underscoring the significant impact of EARN’M’s ecosystem.
About StormX
As a pioneer in the Web3 cashback space, StormX has been at the forefront of crypto rewards since 2017, empowering users to earn cryptocurrency while shopping online. At the core of this ecosystem is the $STMX token, which facilitates cashback rewards and allows users to stake for additional benefits and exclusive discounts across thousands of global retailers.
With the power of EarnOS and the EARN’M SmartWallet, StormX's deeper integration into this ecosystem paves the way for long-term sustainability. Supported by EARN’M’s cutting-edge technology and proven financial success, it ensures future growth and more reward opportunities for its users.
Strategic Benefits of the Alliance
This merger will create significant opportunities for both projects and their communities. By leveraging each other’s strengths, we will expand the utility and reach of our services while maintaining the core principles that have guided both companies:
Expanded User Base
The merger will onboard 45+ million Web2 users into Web3, expanding the community to include new and existing $STMX holders. This enlarged community requires an expanded rewards pool to maintain the robust incentive structures that both platforms are known for.
Enhanced Product Offering
Post-merger, the network will not only continue StormX’s cashback services but will expand into 16 distinct verticals of cashback earnings and savings rewards, all integrated seamlessly with Web2 and Web3 platforms. These services will enhance user earnings, scaling from StormX’s and EARNM’s millions in savings to over $350 million once combined.
Expansion through Web2 and Web3 Integrations
EARNM’s system is designed for easy integration with other Web2 and Web3 partners, allowing the token to tap into new markets and user bases. This capability will increase the token's use cases and market penetration, making it accessible to a broader ecosystem.
Upleveled Tokenomics for Future Rewards
One of the key improvements brought by this alliance will be introducing a recycling mechanism for unvested tokens. This mechanism replenishes the rewards pool without needing additional capital or new token creation. This ensures the long-term sustainability of the rewards system, addressing StormX’s previous challenges with reward pool depletion.
Profitable Unit Economics
EARN’M Team’s $60 million in cumulative revenue highlights its scalability. Since launching on-chain in December 2023, EARN’M has generated 3 million $POL through Fractal asset minting, driven by both B2C and B2B models:
B2C Model
Users earn Fractal assets, like Mystery Boxes, by completing online activities. When revealing these assets on-chain, users pay gas fees, generating revenue from every transaction. Partner projects can tap into this model through revenue-sharing opportunities, extending our reach.
B2B Model
Projects can integrate EarnOS and the EARN’M SmartWallet via a no-code solution, rewarding users with Fractal assets to boost engagement. OEMs and mobile operators can stake $EARNM to license EarnOS, turning smartphones into EarnPhones with shared revenue potential.
Web3 projects can also stake $EARNM to unlock white-label Mystery Boxes and other assets across any compatible EVM chains.
This model, developed over 5+ years, fuels exponential user growth and sustainable economic benefits for users and partners alike.
Products to scale EARN’M offering to users:
- StormX’s debit card infrastructure.
- Broader market reach with StormX’s cashback features.
- Millions of reward user email to expand EARN’M crypto club program bringing on additional UAW’s to the network.
Benefits for the Community
- Expanded Earning Opportunities: Users will gain access to an expanded ecosystem of cashback services, new reward verticals, and deeper integrations with Web2 and Web3 platforms. This broad range of services will create more ways to earn, save, and engage.
- Sustainable Rewards System: With EARN’M’s strong financial foundation and successful business model, the partnership guarantees that rewards mechanisms will be both sustainable and profitable in the long term. The community can look forward to a steady, scalable rewards pool that supports continued growth and user engagement.
The Merge Process
Community Vote Process
Based on previous conversations with exchanges, advisors, and other relevant parties, the StormX team submitted a governance proposal to the community. Considering the situation the StormX project is found in and its possible alternatives, it is relevant for holders to understand the two possible outcomes:
- The governance approves the proposal, resulting in a successful merger between StormX and EARN’M.
- The governance rejects the proposal, resulting in StormX exploring alternative options for a path forward.
The voting process followed the standard set of rules established by the StormX Community voting guidelines:
- 1 $STMX token = 1 vote.
- No minimum or maximum vote per unique holder.
- The outcome voted by the majority wins.
- 2-week long voting period.
Pre-merge valuation
$EARNM pre-merge valuation
The $EARNM pre-merge valuation is determined based on the 30-day average FDV from the first trading month.
$STMX pre-merge valuation
The $STMX pre-merge valuation is determined similarly to $EARNM’s pre-merge valuation. the average of the first trading month for the particular period.
Post-merge valuation
The post-merge FDV is based on the sum of the pre-merge FDV of both projects. The pre-merge FDV of each project determines the ratio of the new supply allocated to previous $STMX and $EARNM holders.
Merge execution plan
$STMX holders will be able to swap their $STMX tokens to $EARNM tokens with a 100% unlock at the time the community vote gets approved.
Subsequent details about the merge execution and the swap process for current $STMX holders will be communicated to the StormX Community through their social media accounts.
IMO Update: A Community-led Strategic Shift
After thorough community discussion and voting on the proposed Merger Peg Ratio, the decision has been made not to proceed with the IMO.
Several factors influenced this outcome, including shifting exchange dynamics—most notably, Binance delisting StormX—raising concerns about the merger's long-term viability. Additionally, considerations around the merge token ratio and the need to maintain a strong EARN’M treasury further reinforced the decision to pivot away from this approach.
From its inception, the IMO was envisioned as a groundbreaking model for long-term consolidation in the crypto space. While this specific IMO will not move forward, the broader concept remains integral to EARN’Ms long-term strategy. The team continues to explore alternative opportunities for sustainable and strategic growth, focusing on strengthening core offerings and introducing new products that align with its long-term mission.
"We respect the community's vote. While this particular IMO will not proceed, our commitment to Web3 consolidation remains unchanged."
This decision marks an important moment in EARN’Ms journey. By adapting to evolving market conditions and prioritizing long-term sustainability, EARN’M is leveraging this as a foundation to build stronger, more strategic pathways toward consolidation in Web3.