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StormX Proposes Merger with EARNM, Token Swap Vote Underway StormX (STMX), the blockchain-based rewards platform, has proposed a major merger with EARNM, another player in the rewards and loyalty space. The proposal includes a token swap option, allowing STMX holders to exchange 100% of their unlocked tokens for EARNM tokens. The merger proposal has sparked a community vote, which will ultimately decide whether the deal goes through. StormX made the announcement via X (formerly Twitter), highlighting the potential of the merger to expand opportunities in the blockchain-based rewards industry. This move has been in the works for several months, according to StormX CEO, who hinted at a major project update earlier in September. Key Details of the Proposed Merger If approved, the merger would enable STMX token holders to swap their tokens for EARNM tokens on a 1:1 basis. This swap applies to all unlocked STMX tokens, meaning users will be able to fully convert their holdings to the new EARNM token if they choose. This process is seen as a strategic shift that aims to leverage the combined resources and technology of both platforms to enhance offerings for their user bases. The merger’s primary focus appears to be on expanding opportunities in the rewards and loyalty sector, an area both companies have been actively developing. By combining forces, StormX and EARNM aim to streamline operations and provide greater value to users through more innovative rewards solutions. StormX’s CEO mentioned that the merger was designed to create a broader ecosystem where both rewards platforms could thrive, providing users with better earning potential and additional perks. What This Means for STMX Token Holders For StormX token holders, the merger offers a straightforward option: participate in the token swap or hold onto their STMX tokens. If the merger is approved, all STMX…

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Filed under: News - @ October 1, 2024 4:19 am