PRESS RELEASE. Launched on the 1st of July 2020, Torum is a social media platform specially designed for cryptocurrency users. Symbolizing the nature of the platform, the name Torum was born from the combination of “Tokenized” and “Forum”. The platform strives to connect worldwide cryptocurrency users to form a one-stop crypto ecosystem of the industry.
Torum operates on a remote team organization. The 18-member team is formed from founders and core developers from Malaysia, India and Turkey with a diversified background of UI/UX, mobile app, cybersecurity, etc.
With a $300,000 initial development fund, the team behind Torum built the community organically with a top-down humble approach. Starting with just 1,000 seed users on its beta launch, the number has now risen exponentially to over 25,000 registered users.
Placed in the top 50,000 Alexa rank, Torum is now a favourite hangout spot visited by cryptocurrency communities from every corner of the world, including the US, Canada, Switzerland, Italy, India, Singapore, Australia, etc.
Riding the DeFi and NFT wave
Unique from other social media peers, Torum positions itself as a social media platform that is always willing to embrace the latest utility innovations. It is a brilliant strategic move where Ah Go, the CEO of Torum says,
“The rise of DeFi and NFT is a perfect catalyst that brings on board a wave of newcomers into the space and Torum is definitely their ideal starting point.”
Competing face-to-face with social media giants like Facebook, Twitter and Reddit is plain suicidal, which is why Torum is fundamentally designed only for crypto addicts and followers. This separates Torum from other crypto social media contenders that accept users from different backgrounds, including those who do not even share the same crypto interest.
Integrating crypto innovations
