Press release. After consistent fundraising achievements, Torum is ready to launch the NFT Launchpad from its unique DeFi and NFT-infused social media platform.
June 9, 2021, Kuala Lumpur, Malaysia – torum, the first DeFi and NFT-infused crypto social media platform is now launching an NFT launchpad that is designed with cross-chain interoperability. Integration of NFT facility will enable projects to raise funds from greater community 56,000 cryptocurrency users and investors.
Introducing Torum NFT Launchpad
Torum NFT Launchpad is developed on Torum’s DeFi staking platform, Toram Finance Which offers projects to launch NFTs with various rarity and total supply and any issuance projects for the burning period of NFTs. There are two types of public launches available on Launchpad with different criteria and gamification options to choose from.
The first option is a dual token launch that gives NFT holders an implicit right to burn NFTs and in return receive the native tokens of both the issuing project and Torum. This launch creates a mutually beneficial outcome where NFT owners will receive two types of tokens, while issuance projects can enjoy higher public sale completion rates from both Torum and its community.
The second option is Single Token Launch which gives NFT holders the implied right to burn NFTs to receive the native tokens of the issuing project in return. Other details such as whitelisting, token issuance rules, and per participant purchase limits will depend on the issuing project, but will provide such projects with immense flexibility to make their first debut on the Torum NFT launchpad.
Why choose Torum NFT Launchpad?
Unparalleled from other NFT launchpads in the industry, launching on Toram will give projects 5 special benefits, including:
- An active community with over 56,000 cryptocurrency investors
- Multi-series support for future public launches (BSC and HECO)
- Listing available on NFT Marketplaces that support ERC-721 assets, including Toram’s upcoming NFT Marketplace
- A premium opportunity to sell tokens to the loyal community at a price lower than the IDO and CEX/DEX listing price
- Resource and brand integration including VCs and strategic crypto communities
The process does not end at the completion of the initial NFT offering, as projects can take advantage of the premium benefits of Torum as a social media platform to strengthen their community-building efforts and post-launch marketing activities.
Recent Project Achievements
Torum has successfully completed three different fundraising goals over the past three months. The project completed a $500,000 pre-sale in March 2021 with zero marketing presence, a $1.5M private round from AU21, Consensus Lab, DFG, M6 and 16 other major VCs in April 2021, and successfully $243,000 INO sold in less than 20 minutes in May 2021.
In terms of development, innovation from the team behind Torum has enabled the project to become the first to combine DeFi, NFTs and social media. Having a social media platform with over 56,000 cryptocurrency enthusiasts torum Will develop a BSC-based NFT marketplace and a DeFi staking platform to create a one-stop ecosystem designed specifically for the crypto space.
Mobile App Launch and NFT Ecosystem
The Toram Android mobile app launch is expected by mid-June, while the NFT Marketplace will be launched around July. Meanwhile, Toram will integrate HECO Chain and other mainstream public chain support into the Torum NFT marketplace to develop the largest multi-chain NFT marketplace in the industry.
The continued expansion of blockchain innovations will help Torum focus in pursuit of its long-term vision of becoming the largest crypto ecosystem that connects the masses to the crypto space.
torum The world’s first DeFi + NFT social media platform specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital and 15 other leading VCs, Torum is now one of the fastest growing social media platforms, with over 56,000 registered users with a consistent 20 – 30% monthly user growth rate Huh.
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Contact Name: jason tanu
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