Torum: All you need to know

Table of Contents

Torum: All you need to know. It is official information from the Torum website.

⚡ Torum is a Web3-integrated SocialFi ecosystem that is specially designed to connect cryptocurrency users. Also, you need to know that Torum is one of the first social media platforms that pays its users.

Ecosystem Overview

Why is social media used as the foundation of the Torum ecosystem?

👉 Network Effect and Critical Mass Effect

Based on what the industry has experienced from 2017 to 2021, failure to capture and maintain community interest is the reason why most projects cease to exist. Torum’s answer to this problem is to develop an ecosystem on top of a social media platform.

A social media platform is the perfect ingredient to create, develop and maintain the
community engagement of a project. By connecting every cryptocurrency user in a single ecosystem, Torum is able to form a sustainable network and critical mass effect that will bring new users into the ecosystem consistently.

👉 Scalable Business Model

The idea of using a social media platform gives birth to a scalable business model of multiple revenue streams. In fact, the ecosystem of Torum is a combination of a total of 10 different utility features.

As the size of the community continues to grow, the utility of XTM and revenue generated from the ecosystem will accelerate at a compounding rate. The more revenue and utility that the ecosystem can accumulate, the bigger the incentive and value channeled back to every XTM HODLer.

Without a social media platform, the ecosystem does not have the scalable factor to grow in the bull run and sustain in the bear run.

👉 Synergized Amplification Factor

Integrating a social media platform expands the synergizing potential among every Torum ecosystem’s components.

Some examples of how a social media platform contributes a compounding value-adding effect:

1. Artists can promote their NFT artworks on Torum, and utilize Torum as an NFT showroom to display their precious NFT collections.
2. The community can gain access to a variety of DeFi services like liquidity farming and cross-chain swapping.
3. Project supporters can maximize their chance of voting a new “Favourite Coin”
successfully through “Promoted Post” and “Ad Slots”.

NFT Marketplace

Torum NFT Marketplace, powered by XTM, is integrated into Torum social media to
accommodate the rising NFT-centric needs of the crypto communities. In addition to the common NFT features, Torum NFT Marketplace is unique for the following benefits:

👉 The NFT showroom for crypto artists
The Torum social profile can be used as a personal NFT showroom to display the
premium NFT collections of the community.

👉 Social-NFT Crypto Ecosystem
Connecting a decentralized wallet to the NFT marketplace unlocks a series of social
elements, including the option to share NFTs to Torum social media for increased
promotion and exposure effect.

👉 Programmable NFTs
Each Torum account will be provided with a customizable social NFT that acts as an
avatar-like biography on Torum. The NFT can be customized with a wide range of
cosmetics (from other projects) and account activeness of Torum, e.g., number of
followers, Shard counts, rate of mission completion (social incentive mechanism of
Torum), etc. In short, each programmable NFT represents the crypto identity of
everyone in the Torum ecosystem.

Airdrop

Torum Airdrop is designed to provide users with token incentives and also for projects to acquire new users from the Torum community. Different than the common airdrop platforms, Torum Airdrop offers the following benefits:

👉 Premium access to the Torum community
Projects can acquire users from the Torum community that is formed from users of
over 205 different countries, particularly from the Western region.

👉 Accurate market reach
As every user on Torum is a cryptocurrency enthusiast, projects are spending the
airdrop budget cost-effectively to the right market.

👉 Lower risk exposure to scams
Before an airdrop campaign can be launched, projects will need to pass a strict due
diligence process from Team Torum, ensuring the highest quality airdrops for the
community.

News Section

Torum News is designed for users to catch up with the latest PR and media news of their favorite crypto projects. The news section utilizes web crawlers to automatically generate news with specific keywords that appear on major news and media platforms, forming a collaborative solution between Torum, media sites, projects and users.

👉 Watchlist feature
Users can follow closely to the latest updates of their favorite crypto projects or
blockchain ecosystems on a dedicated watchlist.

👉 One-click spread feature
Torum News offers the speed and convenience of spreading media articles to their
followers for better engagement and discussions.

👉 Your crypto news aggregator
Users can utilize Torum as a first-hand source of information as all the latest news
from media parties are compiled and presented neatly on Torum News. The
integration will generate sustainable traffic to news media as users will need to visit
the sites for the complete article.

NFT Launchpad

⚡ Torum NFT Launchpad is the launchpad feature built on Torum Finance, the DeFi platform of the Torum ecosystem. The launchpad brings an innovative crowdfunding model, where projects can choose to back the NFT series with their own native tokens and also XTM, the native token of Torum.

⚡ The NFT-backing model enables Torum and the issuing projects to form a closer
collaboration, and also connects the interest of the communities from both sides to the NFT launch event.

⚡ The NFT launchpad also contributes to the token utility of XTM, where a fixed amount of XTM has to be purchased from the market and burned before it is available for projects to use.

Lounge

Torum Lounge is an audio board room that is designed for crypto projects and community owners. The exclusive feature offers an interactive live-streaming experience that includes tipping, emojis, etc, to the Torum community.

Torum Lounge is able to offer the following benefits:

👉 The Clubhouse of the crypto industry
Torum Lounge is suitable to host real-time AMA, fireside chats, podcasts, discussion
panels, meetups, conferences, and any other audio events.

👉 Speech-to-text automatic translation
Every word spoken during the session of Torum Lounge is automatically translated
into text form, offering the community to choose how they wish to partake in the
events according to their personal preferences (text or audio, or both).

Torumgram

Torumgram is a bridging feature that connects Telegram onto Torum, essentially allowing the community to use Telegram directly on Torum. The smart integration is designed to reduce the user friction process of the platform and build Torum as a major community building channel for the cryptocurrency projects and users.

For projects, they can:
👉 Streamline any official announcements on Telegram to Torum
👉 Focus on acquiring new users from Torum while maintaining the Telegram group and chats

For users, they can:
👉 Follow the Telegram groups and channels of their favorite projects
👉 Customize notifications using keywords to avoid missing out from certain topics in a Telegram group, such as AMA, product launch, listing, etc
👉 Filter out any contacts with strangers or irrelevant parties on Telegram

Finance

Torum Finance is the DeFi staking platform of the Torum ecosystem, empowering the Torum community with a one-stop access to DeFi services. The v1.0 platform features the Torum

NFT launchpad and introduces:

👉 Social Farming
The activeness of a Torum account can be used to upgrade the liquidity providing
(LP) stake of the account holder for a greater LP profitability.

👉 NFT Farming
A staking gamification which allows users to stake an NFT sold from the ISNO event
of Torum for a LP stake upgrade effect, ranging from 5% to 25%.

👉 Time-based Farming
A user who staked the LP tokens for a longer duration will automatically receive a
certain amount of LP upgrade buff. The longer the staking duration, the bigger the LP
upgrade buff.

👉 Cross-chain Swapping
Users will be given the flexibility to swap XTM tokens in 3 different blockchains –
Ethereum, HECO chain and Binance Smart Chain.

Use case

To tackle the lack of token utility dilemma of the industry, XTM is adopted and integrated as the primary medium of exchange across the Torum ecosystem. XTM is designed to become the backbone of the Torum ecosystem, forming a consistent value-driven network for every XTM holder.

As soon as XTM is reflected in the Torum wallet, every Torum user is able to utilize Torum for the following purposes:

👉 Supporting the community with crypto-themed gifts
Support Feature is an innovative tipping mechanism that involves purchasing and sending different crypto-themed gifts to the community using XTM.

👉 Buying & Selling in Torum NFT Marketplace
Torum NFT Marketplace is a one-stop gateway for the Torum community to list and trade NFTs using XTM.

👉 Gain access to DeFi-related services on Torum Finance
Torum Finance is a DeFi Portal that allows the Torum community to use XTM for a variety of DeFi services like lending and token swapping.

👉 Boosting a Post or Thread
Content Boosting allows Torum members to promote their post or thread on top of the home page of the community by spending XTM.

👉 Bidding Advertisement Slots
Advertisement Slots are precious spots that anyone can bid to showcase his / her project, business, NFTs or other crypto-oriented services using XTM.

And more…