We may receive a commission if you sign up through links on this page. Cryptocurrencies are high risks investments, and you must be over 18 years old in order to read this article. None of the details found below, and more generally on neverfomoagain.com, are financial advises. Click here for more information.
Will Torum be the best crypto social giant in 2022 ? Since Facebook changed its name to Meta, the value of Metaverse crypto has exploded and everyone is looking for the next big Cryptocurrency Metaverse. Torum is the next giant in crypto social space and we are telling you why.
What is Torum ?
Developped to bring together cryptocurrency users around the world, Torum is an innovative SocialFi ecosystem which was launched on July 1st, 2020. Their Web3.0 environment is built with a social media platform as its core, integrated with an NFT marketplace for crypto artists, yield farming platform for DeFi players and Avatar NFT for Metaverse enthusiasts. Aiming to form a comprehensive ecosystem, It connects crypto projects and users worldwide through its integration of DeFi, NFTs and decentralized social media. Torum is amongst the pioneers to realize the world’s leading SocialFi metaverse.
What is unique about the Torum?
Hive, Steemit, or Synereo are some examples of social media platforms based on blockchain technology. They are all committed to freedom of speech and privacy, but the lack of functionality and uniqueness is not enough to attract a wider crypto community. All of these platforms, and all the other platforms that have appeared, are relatively similar and lack great features. Neither could reach the critical mass, and there was no clear winner in the decentralized social media space.
With all this in mind, Torum is making itself the primary crypto-targeted social media platform. They are focusing extra on blockchain generation and cryptocurrency itself, and as such, they’re forming a network often made of crypto users. They are imposing many crypto-targeted functions on their platform. Torum Twitter: Torum Whitepaper
4 main Features.
If we could describe the platform by an equation, that would be: Torum = Social + DeFi + Metaverse + NFT.
Social network.
Like Twitter, users create “posts” and can “follow” other users. If you are used to Twitter, you won’t have any issues to understand how social works on Torum. On top of that, some crypto-related features were or will be added:
Cashatgs: While publishing content about a specific coin, you can add the “$” sign before the coin you’re talking about (ie $BTC), which will give you records about if your coin is trending or not.
News aggregator: A first-hand supply of data as all the most recent news from medias are compiled on Torum News. The integration is generating sustainable traffic to news media, as users must visit websites in order to read the whole article.
Torum Lounge (Coming soon): Join this area for real-time Ask Me Anything (AMA) , discussions, podcasts, and meetings.
Gifting (Coming soon): Send and acquire crypto presents (thanks to the in-Torum wallet) to build up Shards and Dusts respectively, useful to increase profit.
TorumGram (Coming soon): Catch up with the modern-day bulletins of your favorite crypto initiatives on this Telegram integration in Torum.
Decentralized Finance (DeFi).
Torum finance is the DeFi function of Torum. Most of the DeFi features are currently in development, but they look promising:
Multiple Chain Interoperability: Switch your XTM among Ethereum chain and Binance Smart Chain (BSC) directly from Torum.
Shard-Dust multiplicator (Coming Soon) : Increase your profits with Shards and Dust earned from Torum social.
NFT Staking (Coming Soon): Get yourself one of Torum’s limited-edition NFTs and unlock your staking multiplier when Torum Finance goes live. Every address can own multiple NFTs, but only one can be staked.
Time Factor (Coming Soon): The longer you stake the better the yield.
NFT Launchpad (Coming Soon): 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.
NFT Marketplace and Metaverse.
The NFT marketplace, powered by XTM, is integrated into Torum social media to accommodate the rising NFT-centric wishes of the crypto communities. On top of the common NFT options, there are NFT showroom for crypto artists, increase your NFT promotion by sharing them on the Torum Social, customizable social NFT thanks to social incentives, etc…
Finally, the Metaverse will allow everyone to prove their unique virtual ID thanks to PFP (Picture For Proof, or Profile Picture) Avatar NFT, bringing Torum amongst the world’s first tokenized SocialFi metaverse. As of today, you can already:
- Own Your Unique Avatar NFT: Discover several themes including thousands of rare items and customize your avatar. More series will be released in the future.
- Social NFT: Add your avatar NFT to enhance your social media profile, symbolizing your exclusive metaverse identity.
Amongst the incoming features, an Avatar NFT showroom, NFT breeding or challenges will be added, but I don’t have the release date yet.
Earning XTM.
In order to earn some XTM ( If you don’t want or can’t buy some), you obviously need to register on Torum.
By registering through my referral link, we will both share 15 XTM (7.5 XTM each). XTM Up-to-date price.
In order to claim your XTM, you need to fulfill your power bar and get phone + e-mail verified.
You also earn XTM by accepting gifts from other Torum users and completing missions available on the platform. Note that your Power Bar need to be full in order to earn and it should take about 17 days of daily tasks completion to reach it. You can also earn other Cryptocurrencies with airdrops organized by the platform.
If you can’t wait and want to buy XTM, you can directly buy it on KuCoin.
Final Words.
Torum has the ambitious plan to be THE all-in-one metaverse that brings together social media and all virtual experiences in one place, without the use of different websites and apps. The platform will have much more to offer as soon as most of the features will be released. However, although it has been launched in July 2020, there are still some basic issues, such as verification ( It wasn’t working for me and for some other people online. You need to DM a team member in order to solve it) and some Spam. Hopefully, they will solve it when they will release their new app !
Overall, Torum has the potential to be a promising project if it succeed, and i’ll write about major updates once they are released.
But remember,
Disclaimer: All details found on this post, and more generally on this website (neverfomoagain.com) are for informational purposes only. I don’t provide any financial advices. Please, Do your own research before undertaking to any investment/trading actions.
