PRESS RELEASE. Launched on the first of July 2020, Torum is a social media platform specifically designed for cryptocurrency customers. Symbolizing the character of the platform, the identify Torum was born from the mix of “Tokenized” and “Discussion board”. The platform strives to attach worldwide cryptocurrency customers to type a one-stop crypto ecosystem of the business.
Torum operates on a distant group group. The 18-member group is fashioned from founders and core builders from Malaysia, India and Turkey with a diversified background of UI/UX, cellular app, cybersecurity, and many others.
With a $300,000 preliminary improvement fund, the group behind Torum constructed the group organically with a top-down humble method. Beginning with simply 1,000 seed customers on its beta launch, the quantity has now risen exponentially to over 25,000 registered customers.
Positioned within the high 50,000 Alexa rank, Torum is now a favorite hangout spot visited by cryptocurrency communities from each nook of the world, together with the US, Canada, Switzerland, Italy, India, Singapore, Australia, and many others.
Using the DeFi and NFT wave
Distinctive from different social media friends, Torum positions itself as a social media platform that’s at all times keen to embrace the most recent utility improvements. It’s a good strategic transfer the place Ah Go, the CEO of Torum says,
“The rise of DeFi and NFT is an ideal catalyst that brings on board a wave of newcomers into the house and Torum is unquestionably their excellent start line.”
Competing face-to-face with social media giants like Fb, Twitter and Reddit is obvious suicidal, which is why Torum is basically designed just for crypto addicts and followers. This separates Torum from different crypto social media contenders that settle for customers from completely different backgrounds, together with those that don’t even share the identical crypto curiosity.
Integrating crypto improvements like DeFi and NFT gives crypto communities with a stable motive to affix Torum whereas making certain the platform stays interesting solely to people who find themselves excited about cryptocurrency and blockchain associated matters and discussions.
The primary social media undertaking on Binance Sensible Chain
Impressed by the DeFi & NFT improvements, retailers and types are coming into the crypto house at lightning pace. The pattern has sadly stretched the Ethereum blockchain to its restrict. Realizing the long run financial drawback introduced by Ethereum’s community congestion, Torum (XTM) might be migrating to Binance Sensible Chain (BSC) and change into the primary ever social media undertaking within the ecosystem.
The migration has obtained full help from the Torum group, which signifies that everybody is ready to benefit from the on-chain transaction payment at a fraction of Ethereum community, whereas the upcoming Torum NFT Market might be one of many first few NFT platforms to be launched on the BSC ecosystem.
It will likely be fascinating to see how the BSC ecosystem will profit Torum in the long term. In time, the platform seeks to change into the adoption bridge that connects most of the people to the crypto house.
Jayson Tan, CMO
Electronic mail: whats email@example.com
Official Web site: https://torum.com
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