Thanks. Sure, I think I do understand the business model

Question

Thanks. Sure, I think I do understand the business model

of cashback & how that works good enough. The part that confuses me is the token and it's fiat value in all of this....

I.e. the model itself is directly tied to fiat (i.e. you get CASH-back, so it's always relative to the amount of cash spend). Then we have the token, and it's fiat value can increase over time (and purely from 'crypto investment' perspective, one would expect that). Unless STMX is supposed to be a 'stable coin'.

Simply put, few examples. Currently the token value is 0.02$.
If choose STMX as cashback, and get 6$ cashback, I'd get 300 tokens. Great.
If in 6 months, the token value increases to 0.6$. Would I get only 10 tokens? Would the membership prices then be ridiculously high? (since it's in STMX).

#cryptocurrency #english #stormx

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03.01.2022

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Simon Yu · Accepted Answer

Simon Yu

Yes you would receive less tokens when price increases and vice versa

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03.01.2022

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Thanks. Sure, I think I do understand the business model

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