PRESS RELEASE. Torum prepares to launch an NFT launchpad from its distinctive DeFi & NFT-infused social media platform, following successive fundraising achievements.
ninth June, 2021, Kuala Lumpur, Malaysia — Torum, the primary DeFi, and NFT-infused crypto social media platform is now going to launch an NFT launchpad that’s designed with cross-chain interoperability. The combination of the NFT function will allow tasks to boost funds from a group of over 56,000 cryptocurrency users and investors.
Introducing Torum NFT Launchpad
Torum NFT Launchpad is developed on Torum’s DeFi staking platform, Torum Finance that provides any issuing tasks to launch NFTs with completely different rarity and complete provide and in addition the burning interval of the NFTs. There are two forms of public launches with completely different standards and gamification choices accessible to select from on the launchpad.
The primary possibility is a twin token launch which provides NFT holders the vested proper to burn the NFTs and obtain the native tokens of each the issuing undertaking and Torum in return. This launch creates a mutually useful outcome the place NFT homeowners will obtain two forms of tokens, whereas the issuing tasks can get pleasure from the next public sale completion price from each Torum and its group.
The second possibility is a single token launch which provides NFT holders the vested proper to burn the NFTs to obtain the issuing undertaking’s native tokens in return. Different particulars corresponding to whitelisting, token launch guidelines, and shopping for restrict per participant, will rely upon the issuing tasks, however will provide such tasks immense flexibility to make their first debut on the Torum NFT Launchpad.
Why select Torum NFT Launchpad?
Distinctive from different NFT launchpads within the trade, launching on Torum will present 5 unique advantages to tasks, together with:
- An lively group with over 56,000 cryptocurrency traders
- Multi-chain help for public launch sooner or later (BSC & HECO)
- Obtainable itemizing on NFT market that helps ERC-721 belongings, together with Torum’s upcoming NFT market
- A premium alternative to promote the tokens to the loyal group at a worth decrease than the value of IDO and CEX / DEX itemizing
- Useful resource and model integrations, together with VCs and strategic crypto communities
The method doesn’t cease when the Preliminary NFT Providing is accomplished, as tasks can leverage the premium benefits of Torum, as a social media platform to proceed strengthening their community-building effort and post-launch advertising and marketing actions.
Current Mission Achievements
Torum has efficiently accomplished three separate fundraising targets over the past three months. The undertaking accomplished a $500,000 presale with zero advertising and marketing presence in March 2021, raised a $1.5M private round from AU21, Consensus Lab, DFG, M6 and 16 different distinguished VCs in April 2021, and efficiently sold off $243,000 INO in under 20 minutes in Could 2021.
When it comes to growth, the innovation of the crew behind Torum has enabled the undertaking to turn into the primary to ever mix DeFi, NFT and social media. By having a social media platform with over 56,000 cryptocurrency fans, Torum might be creating a BSC-based NFT market and a DeFi staking platform to construct a one-stop ecosystem that’s specifically designed for the crypto house.
Cellular App Launch & NFT Ecosystem
The Torum Android cellular app launch is predicted by mid-June, whereas the NFT market might be launched by round July. In the meantime, Torum might be integrating the HECO chain and different mainstream public chain help into the Torum NFT Market to develop the most important multi-chain NFT market within the trade.
The continual enlargement of blockchain improvements will assist Torum stay centered within the pursuit of its long run imaginative and prescient of turning into the most important crypto ecosystem that connects the final mass to the crypto house.
Torum is the world’s first DeFi + NFT social media platform that’s specifically designed for cryptocurrency customers. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital and 15 different distinguished VCs, Torum is now one of many fastest-growing social media platforms with over 56,000 registered customers with a constant 20 – 30% month-to-month consumer development price.
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