FULL LINK TO ARTICLE HERE
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By focusing on this discovery Torum is working on making itself the very first crypto-focused social media platform. By placing the focus on blockchain technology and cryptocurrency Torum is forming a community that’s primarily made up of cryptocurrency users. And they believe that as that community grows it will create a network effect that draws even more cryptocurrency enthusiasts and blockchain projects to the Torum platform.
Scalable Business Model
As we have already seen from other social media platforms they are both scalable and offer multiple streams of revenue. At this point the Torum team has identified 10 different utility features and potential revenue streams, which we will go into greater detail about below.
Just a few reasons to choose Torum for social media. Image via Torum.com
As we also know, the utility of the XTM token and the revenue being generated by the ecosystem will accelerate at a compounding rate as the Torum community grows. This means the more revenue and utility that the ecosystem can accumulate, the bigger the incentive and value channeled back to every XTM HODLer. The social media platform is the scalability factor for the network.
XTM Token and Tokenomics
XTM is the native token of Torum. Initially conceived as an ERC-20 token, the team has instead decided that XTM will be released as a BEP-20 token on the Binance Smart Chain, with a bridge enabled for cross-chain swaps on the Ethereum blockchain. The total supply of XTM will be 1 billion tokens, with distribution planned as shown below:
Join Torum HERE and start earning XTM today! You will earn 75 XTM just for signing up and verifying. XTM will soon be available for public trading! Get in before its too late :)
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