What is Torum?
Torum (XTM) stands as the pioneering social media platform tailored specifically for cryptocurrency users. With its vision outlined in the whitepaper, Torum leverages the power of social media to construct an all-encompassing crypto ecosystem, connecting global crypto projects and communities. This platform prioritizes the development of a new interface architecture with enhanced feature scalability. Torum positions itself as the solution to four prominent industry problems that include information asymmetry, difficulty in creating exposure, community segregation in different social applications, and the lack of use cases and token utility.
To tackle the issue of information asymmetry, Torum aims to become the central source of information for the crypto industry within its ecosystem. By offering a new marketing channel, Torum enables assets to gain cost-effective exposure and increased awareness. Crypto communities, with their rapid expansion, seek to utilize Torum as a means to stay connected and overcome the issue of segregation. Furthermore, Torum embraces recent crypto innovations like Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi), thereby introducing new use cases to the ecosystem.
At the heart of the Torum ecosystem lies the utility token XTM, designed to serve as its backbone. XTM tokens come in three variations: ERC-20, BEP-20, and HECO. HECO represents a decentralized public chain known for its high efficiency and energy-saving capabilities. As the primary medium of exchange within the Torum ecosystem, XTM forms the basis of a value-driven network, benefiting every XTM holder.
The core features that define the Torum ecosystem are as follows:
Torum Airdrop: Users are incentivized with token rewards, granting them premium access to the Torum community, ensuring accurate market reach, and reducing the risk of exposure to scams.
Torum News Sections: Users can stay up to date with the latest media news and PR updates of their favorite crypto projects.
Torum NFT Launchpad: Operating on the DeFi platform within the Torum ecosystem, this feature introduces an innovative crowdfunding model for NFT projects.
Torum Lounge: Serving as an audio room, Torum Lounge brings together community owners and crypto projects, fostering collaboration and discussion.
Torumgram: This feature establishes a connection between Telegram and Torum, enhancing communication and interaction among users.
Torum Finance: As a DeFi staking platform, Torum Finance provides the Torum community with seamless access to a wide range of DeFi services, empowering users with comprehensive financial tools.
Turning to the history of Torum (XTM), the platform was launched in the third quarter of 2020. Torum's creation was a collaborative effort led by Yi Feng Go (CEO and founder), along with key contributors such as Jayson Tan (CMO and co-founder), Alwin Chang (project manager and co-founder), Teddy Tan (COO, CFO, and co-founder), Nelthan Ng (QA engineer, co-founder, tech comms, and ops manager), and Pardeep Sharma (co-founder). The maximum total token supply for XTM coins is set at 800,000,000, ensuring a vibrant and sustainable ecosystem for Torum's growth and development.
In summary, Torum (XTM) emerges as the premier social media platform tailored for cryptocurrency users, aiming to bridge the gap between global crypto projects and communities. Through its innovative features and utility token, Torum tackles industry challenges, offers a one-stop crypto ecosystem, and fosters collaboration and engagement within the crypto community.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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