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 kind a one-stop crypto ecosystem of the trade.
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 so on.
With a $300,000 preliminary improvement fund, the group behind Torum constructed the neighborhood 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 so on.
Driving the DeFi and NFT wave
Distinctive from different social media friends, Torum positions itself as a social media platform that’s all the time 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 very best place to begin.”
Competing face-to-face with social media giants like Fb, Twitter and Reddit is apparent suicidal, which is why Torum is essentially designed just for crypto addicts and followers. This separates Torum from different crypto social media contenders that settle for customers from totally different backgrounds, together with those that don’t even share the identical crypto curiosity.
Integrating crypto improvements like DeFi and NFT supplies crypto communities with a strong motive to hitch Torum whereas guaranteeing the platform stays interesting solely to people who find themselves eager about cryptocurrency and blockchain associated subjects and discussions.
The primary social media venture on Binance Good Chain
Impressed by the DeFi & NFT improvements, retailers and types are getting into the crypto house at lightning velocity. The development has sadly stretched the Ethereum blockchain to its restrict. Realizing the long run financial drawback introduced by Ethereum’s community congestion, Torum (XTM) will likely be migrating to Binance Good Chain (BSC) and change into the primary ever social media venture within the ecosystem.
The migration has obtained full assist from the Torum neighborhood, which implies that everybody is ready to benefit from the on-chain transaction payment at a fraction of Ethereum community, whereas the upcoming Torum NFT Market will likely be one of many first few NFT platforms to be launched on the BSC ecosystem.
It will likely be attention-grabbing 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
E mail: whats firstname.lastname@example.org
Official Web site: https://torum.com
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