If you ever questioned why crypto initiatives rise and fall so shortly, you aren’t alone. In truth, barely 7 months after the 2017 bull run ended, over 800 initiatives have ceased to exist like a puff of smoke.
To perceive the purpose why 90% of crypto startups are going to fail, there are a pair of components that have to be thought-about, together with scarcity of funds, over-reliance on hype, and immature enterprise mannequin.
Nevertheless, with out initiatives paving the path in the direction of improvements, there could be no DeFi, IDOs, and even NFTs. The whole cryptocurrency group wouldn’t even exist, just because there are not any initiatives round to assist it.
However, the development goes to be difficult to realize each time the crypto winter occurs. Investors are flushed out from the market, whereas initiatives are left on their very own to maintain themselves for the coming few years, till the subsequent bull run.
This presents a query of survival to each crypto challenge in the trade, which begs the query: How does a challenge navigate by the bear run with all the capital and group leaving the trade?
Torum, the world’s first DeFi + NFT social media platform that’s specifically designed for the crypto area, intends to resolve this long-time dilemma.
Community Consensus Equal Survival
To survive in a bear market, securing group assist is important. Without an lively group behind a challenge, the challenge merely begins its personal countdown to dying.
However, the trade is all the time quick of an economical channel for initiatives to construct their publicity. To get related with the cryptocurrency communities, most initiatives are pressured to make use of PR, airdrops, and offline occasions which solely produce short-term outcomes, but stay pricey as ever.
As a social media platform with over 59,000 distinctive cryptocurrency customers, that is the place Torum comes into place. In the coming July 2021, Torum goes to unveil an ecosystem growth technique that goals to attach, and enrich all the trade leaders, communities and initiatives in the current crypto trade.
A One-Stop Marketing Suite for Projects
In the coming H2 of 2021, Torum shall be shifting the focus of ecosystem growth into integrating a set of project-specific options that allows challenge homeowners to construct and handle their group, whereas serving to initiatives attain the desired advertising and marketing publicity cost-effectively, together with:
– Torum NFT Launchpad: Project homeowners can subject a set of limited-edition NFTs to the group
– Torum NFT Marketplace: The first social-infused NFT market with the means to market NFTs to the present person base of Torum
– Torum Airdrop: An unique function for under the very best quality initiatives to conduct airdrop, which helps to create curiosity and consciousness amongst the Torum group
– Torum News: A one-stop part that gathers the information and information of a challenge for the most trade credibility and group publicity
– Torum x Telegram Bridge: A piece for challenge homeowners to streamline their newest Telegram announcement onto Torum for the finest group curiosity and publicity impact
– Torum Audio Meeting: An audio-only board for challenge homeowners to conduct AMA and close-engaging occasions.
Through these function integrations, Torum can present challenge homeowners with the following premium advantages:
- Onboard and handle their group onto Torum in a frictionless course of
- Stay lively and engaged with the group
- Synchronize the challenge information into an information heart hub
- Access to the present 59,000 Torum group base
Utility Innovation and Value
When it involves the social media area, it’s not shocking that almost all crypto social media initiatives search to change into the subsequent crypto Facebook or Twitter. However, Torum determined to go for a distinct strategy.
Instead of attempting to attach everybody collectively, Torum is just specializing in constructing options and integrations that add worth to the Bitcoin OGs, Ether enthusiasts and altcoin degens. The thought paves the approach for the start of the first social media platform that’s strengthened with crypto cultures and memes corresponding to HODL, Bitconnect, Lambo, and so on.
Without a doubt, the strategic minds of Torum have confirmed to be working as the platform has collected over 59,000 customers in a extremely saturated trade, whereas different social media friends are struggling to amass and retain customers from a crimson ocean market.
The Next Leading Crypto Social Media
Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 different outstanding crypto VCs, Torum is the first challenge to ever mix social media, NFT, and DeFi improvements.
The challenge has additionally accomplished an unique INO occasion again in May 2021, selling off $243,000 worth of NFTs in under 20 minutes. In addition, Torum has established partnerships with robust and respected trade gamers, together with MantraDAO, Poly Network, Kylin Network, Darkpool Liquidity, and Jinse Finance.
With over 59,000 registered customers, Torum has confirmed to be one of the fastest-growing social media platforms, rising steadily between 10 – 30% each month for the previous 12 months, connecting cryptocurrency customers from over 40 totally different nations, together with the US, Canada, Italy, Germany, Australia, China, Singapore, and so on.
Upcoming Token Generation Event
In the upcoming H2 of 2021, Torum shall be making its token launch debut, that includes its native tokens – XTM to subscribe. The newest announcement on token sale shall be up to date through Torum’s official Telegram Group and Channel. After the profitable launch, Torum will head straight into its trade itemizing course of and work aggressively in the direction of the imaginative and prescient of constructing the largest ecosystem in the crypto trade.
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