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Torum Raises $1.45M to Create The First Social Media Platform with NFT & DeFi Innovations

Torum Raises $1.45M to Create The First Social Media Platform with NFT & DeFi Innovations

Bitcoinist
by Bitcoinist
4 years ago
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry. The $1.45M private round was participated by 13 private investors which consist of  AU21 Capital, Momentum 6, Lotus Capital, Consensus Lab, Redline Blockchain Capital, Waterdrip Capital, Angel One, Hotbit, Oasis Capital, N7 Labs, Skywater Capital, IDC and Worshipper Capital.


Social Media + DeFi + NFT on Binance Smart Chain

Based on Binance Smart Chain, Torum seeks to build the first crypto social media platform that is fully integrated with NFT and DeFi functionalities. In short, crypto addicts can stay connected with one another and gain access to every crypto-centric service on Torum.

With the resources and connection from its VC team, Torum is able to venture into NFT and DeFi spaces and introduce innovative use cases continuously to the crypto industry.

Re-define Crypto Social Media

Launched on the 1st of July 2020, Torum emphasizes gamification elements and token utility to bring the best crypto social experience to the crypto space. In future, Torum strives to become the adoption bridge that connects the general public into the crypto industry.

XTM, the native token of Torum that is obtained as part of the ecosystem incentive can be used in at least 10 different purposes, including gift purchase, content boosting and NFT trading. The revenue generated by the ecosystem will be redistributed back to the Torum community through various gamified methods designed by the team.

About Torum

Torum is a social media platform that is specially designed for cryptocurrency users. Placed in the top 50,000 Alexa Rank, Torum has become one of the most popular hangout spots joined by over 29,000 crypto addicts from every corner of the world.

For Contact

Jayson Tan, CMO

Email: hello@torum.com

Community: https://t.me/torum_official_group_en

Official Website: https://torum.com


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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