KUALA LUMPUR, Malaysia, June 9, 2021 /PRNewswire/ — 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 mixing of the NFT characteristic will allow tasks to lift funds from a group of over 56,000 cryptocurrency users and investors.
Introducing Torum NFT Launchpad
Torum NFT Launchpad is developed on Torum’s DeFi staking platform, Torum Finance that gives any issuing tasks to launch NFTs with completely different rarity and whole provide and likewise the burning interval of the NFTs. There are two varieties of public launches with completely different standards and gamification choices out there to select from on the launchpad.
The primary choice 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 venture and Torum in return. This launch creates a mutually useful outcome the place NFT house owners will obtain two varieties of tokens, whereas the issuing tasks can take pleasure in the next public sale completion fee from each Torum and its group.
The second choice is a single token launch which supplies NFT holders the vested proper to burn the NFTs to obtain the issuing venture’s native tokens in return. Different particulars equivalent to whitelisting, token launch guidelines, and shopping for restrict per participant, will rely on the issuing tasks, however will provide such tasks 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 tasks, together with:
- An lively group 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 group at a worth decrease than the worth 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 tasks 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 Mission Achievements
Torum has efficiently accomplished three separate fundraising objectives during the last three months. The venture accomplished a $500,000 presale with zero advertising presence in March 2021, raised a $1.5M private round from AU21, Consensus Lab, DFG, M6 and 16 different outstanding VCs in April 2021, and efficiently sold off $243,000 INO in under 20 minutes in Might 2021.
By way of improvement, the innovation of the staff behind Torum has enabled the venture to turn out to be the primary to ever mix DeFi, NFT and social media. By having a social media platform with over 56,000 cryptocurrency fanatics, Torum will probably 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.
Cell App Launch & NFT Ecosystem
The Torum Android cell app launch is predicted by mid-June, whereas the NFT market will probably be launched by round July. In the meantime, Torum will probably be integrating the HECO chain and different mainstream public chain help into the Torum NFT Market to develop the biggest multi-chain NFT market within the trade.
The continual growth of blockchain improvements will assist Torum stay centered within the pursuit of its long run imaginative and prescient of turning into the biggest 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 outstanding 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 development fee.
Media Contact Particulars
Contact Identify: Jayson Tan
Contact E-mail: [email protected]
Torum is the supply of this content material. This Press Launch is for informational functions solely. The data doesn’t represent funding recommendation or a suggestion to speculate.