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 mix of “Tokenized” and “Discussion board”. The platform strives to attach worldwide cryptocurrency customers to kind a one-stop crypto ecosystem of the business.
Torum operates on a distant workforce group. The 18-member workforce is fashioned from founders and core builders from Malaysia, India and Turkey with a diversified background of UI/UX, cell app, cybersecurity, and so forth.
With a $300,000 preliminary improvement fund, the workforce behind Torum constructed the group organically with a top-down humble strategy. 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 prime 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 forth.
Using 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 newest 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 area and Torum is unquestionably their ideally suited place to begin.”
Competing face-to-face with social media giants like Fb, Twitter and Reddit is apparent 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 offers crypto communities with a strong cause to hitch Torum whereas making certain the platform stays interesting solely to people who find themselves excited by cryptocurrency and blockchain associated matters and discussions.
The primary social media challenge on Binance Sensible Chain
Impressed by the DeFi & NFT improvements, retailers and types are getting into the crypto area at lightning pace. The development has sadly stretched the Ethereum blockchain to its restrict. Realizing the longer term financial drawback introduced by Ethereum’s community congestion, Torum (XTM) shall be migrating to Binance Sensible Chain (BSC) and change into the primary ever social media challenge within the ecosystem.
The migration has obtained full assist 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 shall be one of many first few NFT platforms to be launched on the BSC ecosystem.
Will probably 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 area.
Jayson Tan, CMO
Electronic mail: firstname.lastname@example.org
Official Web site: https://torum.com
This can be a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or providers. Bitcoin.com isn’t accountable, straight or not directly, for any injury or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about within the press launch.
Picture Credit: Shutterstock, Pixabay, Wiki Commons