So, I see that my last post was... Hit or miss. Mostly hit, but a little miss. A good thing that came about was that I learned HOW TO CREATE MY OWN ERC-20 TOKEN! I gotta be honest, that was pretty rad. But, THERE'S MORE TO BE LEARNED. My attempt was little more than a simple copypasta code and a bit of reading to figure out the bells and whistles of Remix and contract deployment. Besides that, there was nothing really all that special about it. But, it was REALLY fun to do.

I went ahead and bought up a couple courses in Ethereum, Solidity and Blockchain on Udemy, so I can learn how to make my own token and properly deploy it on the Ethereum Mainnet. I currently have a really good use case in mind (which I think the folks here might appreciate) and once I get the basics down and know enough to be dangerous, I'm gonna get it rolling. So, the idea here is to:

1.) Learn me the shit outta Solidity and the Ethereum environment in general. Once I have a foothold, I can start putting together my own code.

2.) Most common back ends implement a Node.js, as well as web3.js. I'll be needing to refresh on my Javascript.

3.) Good ol' fashioned HTML/CSS. I have some ideas for a front end.

4.) AND of course, make it all work together before deployment.

It's a tall order, especially since I'm a solo man doing all of this on my own. BUT, I got time. I figure about a year and I'll be ready. These courses are really nice.

Any case, with all the fun stuff I have been learning about Ethereum tokens, I thought I would cover one today. BUT WHICH ONE?  The first thing you notice when you look at the top ERC-20 Tokens at Etherscan is that a good portion of them are stablecoins and exchange tokens. While exchanges and stablecoins are cool topics in and of themselves, I wanted to do something... diifferent. So I looked around... oh, "Molecular Future" sounds cool! Let's have a look at their whitepaper:

Oh God. NO.

Okay, Okay, how about... let's see here... Oh! How about STORM TOKEN! I've used them before! Now, since this is an ERC token, that means that the blockchain and other associated "Back End" pieces of the puzzle are essentially Ethereum, So, in order to give this a proper shake down, it will diverge from my typical crypto review in that I am interested primarily in two things: The Use Case and The Financials. Still, this should be really interesting. Spoiler alert: I like their concept with a few... let's not call them "criticisms" but more "slight concerns".

IN THE EYE OF THE STORM

I've used Storm before, it's actually pretty neat. I'm primarily familiar with the "Storm Play" app, which many of you are probably familiar with. Basically, it's simple; do stuff, play games, try products and BOOM, you get rewarded in some sweet Bolts. You can then cash out these bolts for say, the Bolts themselves if you're a speculator on their currency (or if you wanna use them for other Storm services), or you can get some Ethereum or Bitcoin. I always opted for the Ethereum, and I figure that might come in handy in the future now. But I'll get more into the app soon. FIRST, THE WHITEPAPER!

The Stormx/StormPlay/Storm Market/Storm Token Whitepaper.

Interesting. The first thing you'll notice is that they went through a few rebrands. The basics are clear; Storm is an ERc-20 Token that is the main currency on their apps. Their app is Storm Play, which I just told you about. I actually hadn't used it since November 2019, but in that time frame I accrued over 200,000 Bolts, and that allowed me to do a cash-out. Again, I'll get to more about that in a minute!

Their philosophy hinges on user interaction; they want people to interact with their apps and such, and by doing so create opportunities for earning. It's actually pretty cool. They wanted to take people of different dispositions (Such as the Players, Makers, Achievers, etc.) and incentivize them through rewarding. I need you to keep in mind that this is their FOUNDING whitepaper, which basically means things have... kinda changed since then. A big portion of their marketing labels their token as the token for the Gig Economy. I think that if you defined gigs as "typical offerwall stuff", then you might only be marginally disappointed. Their focus does seem to be primarily on getting folks to try out games, similar to getting sponsorships or agreements with the Indie App Devs that make them.

This is cool, and I don't mind that at all. I find these kinds of things to be fantastically fun "Time-Wasters". If you're just jerking around on the internet or something, then why not make yourself a few coins in the process? It might be minimal, but many "minimals" add up to something substantial. Plus, you're earning crypto. That's pretty tits.

They also have hourly videos that you can watch for 500 Bolts apiece. That's not too shabby. Also, it seems as though since I've played last, they have increased their options of what kinds of crypto you can covert to. You can now cash in Bitcoin, Ethereum, DAI, an... Litecoin? Cool, I'm all about that. Not to mention, their layout is pretty straightforward:

Clean, Intuitive, Nice. Could use a Dark Mode. But that's just me.

THE... SLIGHT CONCERN.

When I think Gig Economy, I think of a few things:

1.) Food Delivery

2.) UBER/Lyft

3.) Amazon Mechanical Turk

4.) Prostitution

The Offerwall and gamification stuff is pretty awesome, but if they wanna live up to their name, they gotta expand into these other territories (well, maybe not prostitution. That would however, give me a reason to play more games). Imagine for a moment that they did something along the same lines as VOLT. I feel like this would be a great start to expansion; Make that token a TRUE gig economy token. But, that's just the opinion of your friendly neighborhood Internet Asshole™. Take it with a grain of salt.

This isn't to say that what they offer is bad. Not in the slightest. In fact, their Storm Shop is pretty generous! It's basically a rebates-type of deal where when you shop at you favorite stores, you can get a discount paid back to you in the form of sweet ass Crypto-Cash. That's not something to sneeze at; They have places like Target in their list! Not bad, not bad at all! Not to mention, that's the FIRST time I have ever heard of such a service. It's E-Bates for the IQ 120 crowd. Love it.

THE FINANCIALS

So, Let's break down the Nitty Gritty on the Token Financials. CoinGecko is a good start:

So, We have a multi-million cap and a 24 hour volume that is nearly a million as of this writing. Not too bad, listed as #231. The coin supply is fixed at 10 Billion, which is about ten times that of BAT.

Now, of course it isn't no Ethereum or BAT just yet. I think the biggest roadblock in the near future is gonna be adoption. Now their Roadmap gives us an indication (without a hard set date) that they are still very much looking into adding additional functionality to their layer two application, which should include something akin to Fiverr or Electroneum's new Anytask application. Honestly, I look forward to this. I see the gig economy as one that will inevitably have to share space with competitors, but one that does allow additional opportunities for growth. Hell, when you're feeling drowned out on one platform in terms of gigs, why not check out another platform? I don't think you can have enough. This will definitely allow adoption and do that whole "expansion" thing I was talking about earlier. Not a problem. And of course, with an increased adoption, we will see a bigger spike in in-flows and out-flows from the exchanges and such, which correlates to a higher 24 hour volume, and of course, market cap.

We shall see of course, and while their development has been slow and steady (they started in 2017), I think that 3 years is a formidable time in the Crypto space, which is only about a decade old. Give them time and see where they go. Am I suggesting you invest. No, this isn't financial advice. What I will say is that if you have a little time, investment in Storm is a low risk investment opportunity. Play some games! Get rebates on your shopping. HODL the shit out of it and see where it goes. Maybe a little speculation will pay off for this baby. I'm definitely doing that, and of course, it gives me an opportunity to hoard a little "free" Ether for future purposes.

Additionally, I think the big Boys/Girls at Storm are anticipating growth; one does not simply make your token smart contract have a fixed supply of 10 billion coins if you don't see the long term potential of distributing them. And if Stock to Flow - my favorite model - holds It would be completely common to see the term "low cap" mean anywhere in the neighborhood of 1 to 100 billion a couple years after the next halvening event coming in May. Stay tuned for that, I think there is some serious opportunity in the future. Hell, 50 cents per Bolt would be pretty bad ass.

Thank you SO SO much for reading, I REALLY appreciate all of you. I'm about to hit 1000 followers, and that wouldn't be possible without the great work of all my great readers and associates whom I have met here. I'm loving the Crypto Space, we are pretty cool folks.

If you wanna give me a little support without having to do too much, please consider becoming my referral at Storm Play! HOW DO YOU DO IT? Just Follow Some Superdy-Duper Simple Steps:

1.) Go to your App Store/Play Store and download Storm Play

2.) After Installing the app and creating your account, you will be asked if you have a referral code!

3.) My code is 5IQEJZMX

4.) Type that into the box it gives you and press the Apply Referral Code Button.

5.)??

6.) PROFIT.

Thanks for tolerating my mindless Shilling. Until next time, keep you eye on the markets, and don't worry about all the recent news. We shall weather the STORM, one way or another.