The technical framework of Torum platform is not fully Decentralized, but takes a Hybrid Decentralized Model. This enables massive Web2.0 users to conveniently enter the blockchain world in a familiar way, and then gradually enjoy the advantages of transparency and self-control of user data assets brought by Web 3.0. Compared to traditional and blockchain social platforms, Torum products have the following features:
Social media focused on encryption: Currently, encrypted users generally have to use Twitter, telegram, and Discord to communicate with other users and get information about their projects. Torum effectively integrates these traditional Internet social tools with its precise market of 100 percent encrypted users.
Torum Airdrop and Torum NFT Launchpad, based on HECO chain, will be launched in the second half of this year to provide token Airdrop and NFT distribution for project parties in Torum, followed by NFT Mall with multi-chain support. Next, Torum will launch a series of marketing-related features for project parties: Torum Lounge, similar to Clubhouse's live voice chat; Torumgram, which integrates cable chat and channel features; and Torum News, a dedicated news release and announcements for project parties.
Close to crypto apps like Coingecko and CoinMarketCap, but endowed with a social element, Torum aims to be a major source of information aggregation, a social media platform that is naturally built for the crypto community.
After joining Torum, users can track quality content creators on the platform, quickly access a variety of rich information and content on cryptography projects, and make peer friends around the world. KOL can enter the platform to build business fans and shape personal brand and image in the industry. Project parties can also set up their own public accounts on the platform for publicity and promotion. Torum users can earn nt $XTM rewards by completing various types of social tasks. The creators who produce quality content can also receive various exquisite gifts from fan users, such as "Doge CEO", "Moon and Lambo Genie", "Satoshi Nakamoto gift" and so on, thus obtaining more XTM rewards.
Torum develops Torum Finance and NFT Mall features to attract DeFi and NFT community into its ecosystem:
Torum Finance: Users in the secondary LP pool will be rewarded with additional bonuses based on their popularity and activity on the platform, realizing the first "social pledge mining" mode in the crypto industry. In addition, users can also purchase NFT of varying rarity during the platform's first public NFT Sale (INO) and pledge the NFT to the secondary LP pool for an additional bonus.
The first version can be bound to Torum social platform account. Users can quickly share NFT to their social platform account with one click, allowing their NFT to get more exposure and turning Torum social platform into a unique NFT show. In the future, Torum's NFT Mall will feature the ability to create custom, programmatic NFT. Users can use XTM to purchase and extract blind boxes on the NFT platform to obtain a variety of rare NFT, such as rare astronaut decoration, spaceship, planet, etc. Users can synthesize these items to create their own "astronaut" NFT, and display it as NFT avatar on the social platform. In addition, this NFT is programmatic, and the image will change depending on the user's time zone, number of followers and activity on the social platform.
Torum combines social, DeFi, and NFT elements in the above way to create a new experience for users.
Therefore, the position of Taiwan Taiwan XTM in Torum ecology is very important. As application tokens, XTM acts as a medium of value exchange and exchange within the Torum ecosystem. Currently, users can use XTM in the platform to buy gifts for other users. With this feature alone, Torum has consumed 350,000 tokens since its launch. After the launch of Torum DeFi pledge platform and NFT Mall, users can pledge XTM in NFT Mall as credit guarantee and pledge in DeFi platform, etc. In the future, XTM can be used to pay for a variety of services or additional features in social platforms, such as AD placement, exclusive chat stickers, VIP user subscriptions, etc.
With the rapid growth of users and the clustering of platforms, Torum is able to develop innovative features or platforms and integrate them into the existing social ecosystem. XTM as the medium of exchange for the entire social ecosystem will increase its value rapidly as the ecosystem expands.