The Countdown Begins!
If you were fortunate enough to join Torum in the past couple of months then you have been eagerly awaiting the following news! Torum announced today that their IEO pre-sale will launch in 5 days time on the 1st of October. This, after the government of Timor-Leste recently issued the XTORUM Exchange a licence to trade.
The pre-sale allocation is 10 000 000 XTM at a fixed price of $0.05 USDT per XTM token. If you are an early adopter of Torum then you should definitely keep your eyes peeled for some exclusive privileges that will be on offer for early Landers.
In the days running up to the IEO, there will be a number of exciting updates released by the Torum team and to be honest I have no idea what they could actually be, so I am quite eager to find out. For those of you who are new to Torum, you can read my recent article, Torum - Get Paid For Your Content & Social Media Engagements to find out a bit more about the project and the platform.
The XTM Token - Profit Sharing & Token Burn
The XTM token is an ERC20 utility token that powers both the Torum platform and XTORUM Exchange and forms the backbone of the entire ecosystem. Below is a brief introduction to the tokenomics of XTM.
There will also be a "Token Depository" and "Mining Simulator" introduced which are profit sharing schemes whereby XTM hodlers can earn even more! The "Mining Simulator" will see 10% of the ecosystem's quarterly earnings distributed back to the Torum community.
Along with 10% of profits being redistributed to the community there will also be scheduled coin burns every quarter. A further 10% of quarterly profit will also be burned, making XTM even more attractive to hodl long-term!
Daily Missions Earn Users XTM
Crypto enthusiasts and social media lovers can still join Torum and start earning XTM every day as they complete daily missions engaging on the platform. With even more good news on the way and over 4000 users registered in the Private Beta Launch phase, Torum looks to become the Crypto hub of the future.
Torum - Connecting Worldwide Cryptocurrency Enthusiasts!