Is StormX on Ethereum?

Excuse me, could you please clarify whether StormX is indeed built on the Ethereum blockchain? I've heard various rumors and would like to get a definitive answer from an expert in the field. Understanding the technical foundations of a project like StormX is crucial for potential investors like myself. So, is StormX indeed leveraging the scalability, security, and decentralized nature of the Ethereum network to power its platform?