What is TORUM?
TORUM is a crypto-centric social media platform designed to form a connected and comprehensive one-stop ecosystem by connecting cryptocurrency enthusiasts and blockchain technologists around the world.
This platform will become the central social gathering hub for both cryptocurrency communities and projects where communities meet projects without having to rely on multiple existing social platforms scattered across the internet to stay connected.
Under TORUM, cryptocurrency enthusiasts can enjoy socializing with rewards while gaining access to all their daily crypto needs all in one place, such as rapid information exchange, community building, cryptocurrency trading, etc.
On the other hand, projects can utilize TORUM as a brand new marketing channel to spread their idea to the right cryptocurrency communities without going through the traditional social platforms filled with non-crypto demographics, improving their market exposure at a minimal cost.
The synergy between cryptocurrency communities and projects, together with various platform functionalities and XTM create a connected and comprehensive one-stop ecosystem.
The ecosystem token — XTM is the ERC-20 utility token that forms the backbone of TORUM’s ecosystem. XTM is the connecting dot that holds the ecosystem of TORUM together, and is used for various features and functionalities across the entire ecosystem.
Why Participate?
Versatility of XTM
Unlike most of the cryptocurrencies in the market, Landers who purchased tokens from ICOs often struggle to find a way to spend their tokens other than trading. On the other hand, Landers who participate in XTM IEO Pre-Sale can immediately use XTM throughout TORUM’s ecosystem upon completing the purchase on XTORUM.
The ecosystem will be built on top of TORUM as the central point of community social gathering, attracting crypto communities and speeding up the ecosystem’s adoption. The participation of active communities and the utilization of platform functionalities will develop the social media platform into a comprehensive one-stop ecosystem.
To provide the community a seamless way to trade cryptocurrencies, XTORUM — a cryptocurrency exchange will be integrated into the ecosystem. XTM will become the common factor that connects and shares every community member’s interests (content creators, projects, influencers, etc) throughout the platform, thus, making XTM the backbone of this ecosystem.
On top of that, TORUM’s ecosystem is designed to maximize the utility of XTM so that there is a constant demand to support the token's value. From community building to cryptocurrency trading, XTM is always used as the only medium of exchange across the ecosystem to back the utility value of the token.
As the ecosystem expands with more features and functionalities, the utility of XTM will grow more significant. This scenario will substantially increase the demand for XTM, resulting in its value appreciation.
Easy Channel For Cashing Out Token
The integration of XTORUM is one of the promising features of this project. The community often struggles to search for an efficient channel to cash out their cryptocurrency reward earned from the existing crypto social platforms. It is highly inconvenient when the cryptocurrency reward is only supported in certain exchanges.
Since XTORUM is linked to TORUM, TORUM Landers need not trouble themselves with looking for an external exchange because they can trade and cash out XTM rewards earned from our Mission System, Support Feature and Token Depository (Exorsus Era) directly on XTORUM within the ecosystem.
Buyback-and-Burn Mechanism
Price volatility can be a concern for investors, especially when the cryptocurrency market is still in its earliest adoption phase. To ensure the stability and price growth of XTM, TORUM will conduct an XTM buyback-and-burn mechanism by spending 10% of its quarterly XTM profit and burn them from the market every quarter.
Reducing the circulating supply of XTM can control its volatility and stabilize the price of XTM. Burning XTM also helps to make its price more attractive to potential investors, which improves the token liquidity and incentivizes long term XTM HODLers.
The mechanism will continue to burn XTM every quarter until 20% of the total XTM supply is fully burnt (which means there will only be 800,000,000 units of XTM left). Upon the completion of every burn, TORUM will disclose the full information of each quarterly burn to the public for transparency purposes.
Profit-Sharing Initiative
Under TORUM's profit sharing initiative, everyone can stake his or her XTM in TORUM's token depository system to share 10% of the ecosystem's total quarterly XTM profit. To be eligible for the profit distribution, the full amount of deposit has to be staked in the depository and remain untouched for three months. Once the quarterly period has arrived, TORUM will use 10% of the ecosystem's quarterly XTM profit and share them with all eligible Landers.
The reward a staker receives is based on their respective percentage of the total amount of locked XTM in the profit distribution fund (similar to the concept of bounty program staking). The bigger the amount of XTM he locks, the greater the share of the profit he will receive.
This initiative effectively reduces the circulating supply of XTM, lowering the price volatility of XTM. From a long-term perspective, this initiative will build the demand for XTM and drive up the token price, as TORUM's ecosystem grows larger and stronger.
Open and Transparent Communication
In a market where scams and cyberattacks are rampant, TORUM embodied transparency as one of our core values. For example, you can find the professional profiles of every TORUM member in our “About Us” section. TORUM understands the importance of openness to the community and the project’s integrity and future development.
Also, TORUM has always maintained a constant communication flow with various stakeholders, ranging from its private investors to its community. For example, TORUM has made it clear through its whitepaper and concept paper that the project has no intention of using Lander’s data throughout its development phases, including its ad slots implementation.
To communicate effectively with interested parties, TORUM has established an active presence on numerous social media platforms including, but not limited to
TORUM : https://www.torum.com/u/torum.official
Facebook : https://www.facebook.com/torum.official
Twitter : https://twitter.com/torum_official
LinkedIn : https://www.linkedin.com/torum
Reddit : https://www.reddit.com/r/torumtech
Medium : https://medium.com/@torum.official
PeakD : @torum
Instagram : https://www.instagram.com/torum.official
Discord : https://discord.gg/zNws6Cn
Telegram : https://t.me/joinchat/G6zVJhWdm33YSmcA87sPzQ
Operational Working Product With A Clear Roadmap
Before our IEO Pre-Sale commences, TORUM has delivered its first milestone - launching its social media platform, which is free and accessible by everyone. Unlike specific cryptocurrency projects that ask for funding without a working product, TORUM delivers its social media platform before organizing its token sale.
To ensure the ecosystem’s health and future progress, TORUM has listed the necessary vital milestones for the next three years in its concept roadmap and technical roadmap. With a carefully planned roadmap, TORUM will execute its development strategy and continue delivering the best product experience to the public.
To learn more about TORUM as a whole:
TORUM Whitepaper (English) : Click here
TORUM Whitepaper (Chinese) : Click here
TORUM : https://www.torum.com/about
What Can Everyone Do With XTM?
TORUM is officially launched in Q3 of 2020, and Landers can immediately use XTM to
- Support other Landers’ contents on TORUM
The following functionalities will be added into TORUM and XTORUM to expand the utility of XTM as the ecosystem grows extensively in the future:
(i) Supporting Landers on TORUM (Released)
Function: Allow Landers to use XTM to reward other Landers on TORUM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(ii) Reduced Transaction Fee on XTORUM
Function: Allow Landers to use XTM to reduce their transaction fee on XTORUM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(iii) Profit-Sharing Initiative via Token Depository
Function: Allow Landers to lock XTM in TORUM to unlock access to a mining simulator and share 10% of the ecosystem’s quarterly profit
Effect: Controlling the circulating supply of XTM & increasing liquidity of XTM
(iv) Buying & Selling on Marketplace
Function: Allow Landers to buy and sell their goods and services using XTM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(v) Advertisement Slot Bidding
Function: Allow Landers to use XTM to bid for advertisement slots on TORUM & XTORUM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(vi) Community Murot Complex
Function: Allow Landers to buy and sell community Murots on TORUM using XTM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(vii) Premium Subscription
Function: Allow Landers to unlock a set of unique community building features and monetization methods available only to premium members using XTM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(viii) Exchange Listing Initiative
Function: Allow crypto projects to pay for the full amount of their token listing fee on XTORUM using XTM
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(ix) IEO Participating Initiative
Function: Allow Landers to stake their XTM to earn a percentage based IEO participating right by using the concept of staking.
Effect: Creating a constant demand for XTM & increasing liquidity of XTM
(x) Favourite Coin Integration Initiative
Function: Allow Landers to stake their XTM to earn a right to vote for a coin to be listed in TORUM’s Favourite Coin.
Effect: Controlling the circulating supply for XTM & increasing demand for XTM
The Rationale Behind XTM’s Upward Price Potential
The success of TORUM’s ecosystem unleashes the potential of XTM as the ecosystem itself consists of TORUM — the social media platform, the Lander community (content creators, projects, influencers, etc), ecosystem token — XTM, and numerous platform functionalities, including XTORUM — the cryptocurrency exchange.
The collaboration between all ecosystem components bound together by XTM will build a consistent Lander traction and form a synergy between one another in the ecosystem. Therefore, the synergy shared between every ecosystem element is the key to unlocking XTM's upward price potential.
To build up the community in the ecosystem, TORUM commits to disburse 40% of the total supply of XTM (400,000,000 units of XTM) to TORUM Landers gradually through the platform's mission system. The mission system is the catalyst behind the ecosystem's growth rate, responsible for attracting new Landers and retaining existing Landers in the ecosystem.
As the ecosystem expands further, communities on TORUM will become more robust and more engaged. Attracted by the active community interaction on TORUM, other industry players, e.g., crypto and blockchain projects and related government officials, will be eager to join TORUM. This opportunity creates two ripple and lasting effects known as the critical mass effect and network effect, where new and existing Landers will continuously bring more Landers into the ecosystem.
The soaring number of Landers means more people are using XTM for the following functionalities:
(i) Supporting Landers on TORUM,
(ii) Transaction Fee Discount on XTORUM,
(iii) Profit-Sharing Initiative via Token Depository,
(iv) Buying & Selling on Marketplace,
(v) Advertisement Slot Bidding,
(vi) Murot Complex,
(vii) Premium Subscription,
(viii) Exchange Listing Initiative,
(ix) IEO Participating Initiative,
(x) Favourite Coin Integration Initiative.
The rising utility will drive up the demand for XTM, creating a surge in value for XTM. As the network effect and critical mass effect multiplies, the total revenue generated from both TORUM and XTORUM will also amplify. The growing profit of the ecosystem will boost the effect of TORUM's buyback-and-burn mechanism and profit sharing initiative, benefiting every XTM HODLer and ecosystem participant. From a long-term perspective, XTM's circulating supply will be kept under control, while XTM continues to enjoy a consistent liquidity level in the market.
With such a potential ecosystem behind its back, XTM can be one of the most valuable unlisted utility tokens in the market. To a certain extent, it might even possess the potential of being resistant to market movement to a certain degree.
XTM IEO Pre-Sale Details
In the coming October 1, 2020, TORUM is going to organize XTM IEO Pre-Sale and up to 10,000,000 units of XTM (1% of total XTM supply) will be up for grabs. For more details about XTM IEO Pre-Sale, please refer to XTM IEO Pre-Sale Details document.