What Is Torum (XTM)?

Torum is the first platform for social media specially created for cryptocurrency users. According to the whitepaper, the network utilizes the concept of social media to build a one-stop crypto ecosystem that connects global crypto projects and communities. This network focuses on making a new interface architecture with better feature scalability. Torum presents itself as the solution to the four industry problems:

• Information Asymmetry:Torum’s ecosystem seeks to become a central source of information for the crypto industry.

• Difficulty of Creating Exposure:Assets can use Torum as a new marketing channel to get cost-effective exposure and awareness.

• Community Segregation in Different Social Applications:With the strong growth in the network, crypto communities seek to use Torum to stay connected.

• Lack of Use Cases andTokenUtility:Embracing recent crypto innovations like NFT and DeFi is a strong indication of how Torum brings new use cases to the ecosystem.

  XTM is the utility token designed to become the backbone of the Torum ecosystem. The token types are ERC-20, BEP-20, and HECO. HECO is a decentralized public chain that has high efficiency and saves energy. XTM token is integrated as the main medium of exchange across the ecosystem of Torum. Also, the token forms a consistent value-driven network for every XTM holder.

The core features of the Torum ecosystem are as follows:

• Torum Airdrop provides users with token incentives and offers premium access to the Torum community, accurate market reach, and lower risk of exposure to scams.

• Torum New Sections make users catch up with recent media news and PR of their favorite crypto projects.

• Torum NFT launchpad runs on the DeFi platform of the Torum ecosystem and brings an innovative crowdfunding model.

• Torum Lounge is an audio room for community owners and crypto projects.

• Torumgram connects Telegram to Torum.

• Torum Finance is the platform for DeFi staking that empowers the Torum community with one-stop access to DeFi services.

History of Torum (XTM)

Torum was launched in the third quarter of 2020. Yi Feng Go (CEO and founder) released this platform in collaboration with Jayson Tan (CMO and cofounder), Alwin Chang (project manager and cofounder), Teddy Tan (COO, CFO, and cofounder), Nelthan Ng (QA engineer, cofounder, tech comms and ops manager), and Pardeep Sharma (cofounder). The maximum total token supply is 800,000,000 XTM coins.