Torum’s Crypto Social Network – Join the SocialFi Revolution
Introduction to Torum the Crypto Social Network
Ever wondered how social media and cryptocurrency can merge to create a revolutionary ecosystem? Enter Torum!
Established in 2018, Torum has rapidly grown to over 240,000 users from 100 countries. Supported by major players like KuCoin Labs and Huobi Ventures, Torum is leading the way in the SocialFi movement, seamlessly blending social networking with cryptocurrency and blockchain technology (Torum, CoinCodex).
What is Torum?
Origins and Vision
Founded in Malaysia, Torum aims to build a comprehensive ecosystem for crypto enthusiasts. As a SocialFi platform, it uniquely combines social networking, decentralized finance (DeFi), and non-fungible token (NFT) functionalities to create a unique holistic user experience (CoinCodex).
Key Features of Torum
Social Media Platform
Torum integrates social networking with cryptocurrency, allowing users to connect, share, and engage in a crypto-centric environment. It uses custom crypto-themed emotes and gamification to enhance user interaction (CoinCodex).
NFT Marketplace
Torum offers a robust NFT marketplace where users can trade digital collectibles. This feature supports artists and various types of content creators, providing them with a platform to monetize their digital art and content (U.Today).
DeFi Services
Torum’s DeFi services include token swapping, farming, and more, empowering users to maximize their crypto assets through various financial tools. The platform is working on integrating a comprehensive DeFi portal (CoinCodex, U.Today).
Daily Missions and Referrals
Torum incentivizes user engagement through daily missions and a referral system. Users can earn XTM tokens by completing simple tasks such as posting, liking content, and logging in daily. The referral program rewards users for inviting new members to the platform, fostering community growth and active participation.
The Role of XTM
Tokenomics
XTM is Torum’s native token, initially launched as an ERC-20 token and now available as a BEP-20 token on the Binance Smart Chain. With a total supply of 800Mil tokens, XTM is central to the platform’s ecosystem (CoinMarketCap, CoinCodex).
Use Cases of XTM
- Supporting Community Members: Users can send and receive crypto-themed gifts.
- NFT Marketplace: XTM can be used for trading on Torum’s NFT marketplace adding even more utility.
- DeFi Services: Access various DeFi services like token swapping and yield farming.
Recent Developments
Provisional License
Torum has received provisional approval from the Securities Commission Malaysia to operate as a Digital Asset Exchange (DAX).
Torum has received provisional approval from the Securities Commission Malaysia to operate as a Digital Asset Exchange (DAX). This milestone makes Torum one of the six regulated DAX operators in Malaysia, enhancing its credibility and fostering fintech innovations by simplifying cryptocurrency trading (Blockhead).
Torum’s Future Roadmap
Expansion Plans
Torum plans to enhance its DeFi functionalities and expand the NFT marketplace, aiming to integrate advanced features and attract more users. The platform is also focused on improving cross-chain capabilities and further developing its ecosystem. Torum’s vision encompasses not just the growth of its current features but also the continuous evolution of its ecosystem to support a larger, more engaged crypto community (U.Today).
Community Engagement
User participation is crucial for Torum’s success. The platform focuses on fostering a strong, engaged community to drive growth and innovation. By incorporating gamified experiences and incentivizing user activity, Torum aims to build a vibrant, interactive user base (CoinCodex).
Conclusion to Torum’s Epic Crypto Social Network
Ready to explore the future of crypto social networking? Join Torum today through this referral link and be part of the revolution! Being prepared and connected in terms of prepping and survivalism means having networks to build around in case of emergencies. We at Bobbie’s Bunker believe Torum is just such a place.
Being part of Torum’s innovative ecosystem offers numerous benefits, from engaging with a vibrant crypto community to accessing cutting-edge financial tools. Torum has something for everyone!