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 title Torum was born from the mixture of “Tokenized” and “Forum”. The platform strives to attach worldwide cryptocurrency customers to type a one-stop crypto ecosystem of the trade.
Torum operates on a distant workforce group. The 18-member workforce is shaped from founders and core builders from Malaysia, India and Turkey with a diversified background of UI/UX, cell app, cybersecurity, and so on.
With a $300,000 preliminary growth fund, the workforce behind Torum constructed the neighborhood organically with a top-down humble method. Starting with simply 1,000 seed customers on its beta launch, the quantity has now risen exponentially to over 25,000 registered customers.
Placed 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.
Riding the DeFi and NFT wave
Unique from different social media friends, Torum positions itself as a social media platform that’s all the time prepared to embrace the most recent utility improvements. It is an excellent strategic transfer the place Ah Go, the CEO of Torum says,
“The rise of DeFi and NFT is a perfect catalyst that brings on board a wave of newcomers into the space and Torum is definitely their ideal starting point.”
Competing face-to-face with social media giants like Facebook, 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 totally 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 cause to hitch Torum whereas making certain the platform stays interesting solely to people who find themselves inquisitive about cryptocurrency and blockchain associated matters and discussions.
The first social media undertaking on Binance Smart Chain
Inspired by the DeFi & NFT improvements, retailers and types are getting into the crypto house at lightning pace. The pattern has sadly stretched the Ethereum blockchain to its restrict. Realizing the longer term financial drawback introduced by Ethereum’s community congestion, Torum (XTM) will likely be migrating to Binance Smart Chain (BSC) and turn out to be the primary ever social media undertaking within the ecosystem.
The migration has acquired 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 Marketplace will likely 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 turn out to be the adoption bridge that connects most people to the crypto house.
Jayson Tan, CMO
Email: hi firstname.lastname@example.org
Official Website: https://torum.com
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