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 characteristic will allow initiatives to lift funds from a neighborhood of over 56,000 cryptocurrency customers and traders.
Introducing Torum NFT Launchpad
Torum NFT Launchpad is developed on Torum’s DeFi staking platform, Torum Finance that gives any issuing initiatives to launch NFTs with completely different rarity and whole provide and in addition the burning interval of the NFTs. There are two forms of public launches with completely different standards and gamification choices obtainable to select from on the launchpad.
The primary possibility is a twin token launch which supplies NFT holders the vested proper to burn the NFTs and obtain the native tokens of each the issuing mission and Torum in return. This launch creates a mutually useful consequence the place NFT homeowners will obtain two forms of tokens, whereas the issuing initiatives can take pleasure in a better public sale completion charge from each Torum and its neighborhood.
The second possibility is a single token launch which supplies NFT holders the vested proper to burn the NFTs to obtain the issuing mission’s native tokens in return. Different particulars equivalent to whitelisting, token launch guidelines, and shopping for restrict per participant, will rely upon the issuing initiatives, however will provide such initiatives 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 initiatives, together with:
An energetic neighborhood 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 property, together with Torum’s upcoming NFT market
A premium alternative to promote the tokens to the loyal neighborhood at a value 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 initiatives can leverage the premium benefits of Torum, as a social media platform to proceed strengthening their community-building effort and post-launch advertising actions.
Latest Venture Achievements
Torum has efficiently accomplished three separate fundraising targets during the last three months. The mission accomplished a $500,000 presale with zero advertising presence in March 2021, raised a $1.5M non-public spherical from AU21, Consensus Lab, DFG, M6 and 16 different distinguished VCs in April 2021, and efficiently offered off $243,000 INO in below 20 minutes in Could 2021.
When it comes to growth, the innovation of the crew behind Torum has enabled the mission to turn into the primary to ever mix DeFi, NFT and social media. By having a social media platform with over 56,000 cryptocurrency lovers, Torum can be growing a BSC-based NFT market and a DeFi staking platform to construct a one-stop ecosystem that’s specifically designed for the crypto area.
Cellular App Launch & NFT Ecosystem
The Torum Android cell app launch is predicted by mid-June, whereas the NFT market can be launched by round July. In the meantime, Torum can 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 growth of blockchain improvements will assist Torum stay targeted within the pursuit of its long run imaginative and prescient of turning into the most important crypto ecosystem that connects the overall mass to the crypto area.
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 progress charge.
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Media Contact Particulars
Contact Title: Jayson Tan
Contact Electronic mail: [email protected]
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