Torum, a social media platform tailored for cryptocurrency users, launched on July 1, 2020, and has rapidly grown in the crypto space. Its name combines 'Tokenized' and 'Forum,' symbolizing a tokenized community hub. The platform aims to connect global crypto users into a one-stop ecosystem encompassing social networking, DeFi, and NFTs.
Background and Team
Torum operates with a remote team of 18 core members from Malaysia, India, and Turkey, with diverse backgrounds in UI/UX, mobile apps, and cybersecurity. Starting with a $300,000 fund, the platform grew organically from 1,000 beta seed users to over 25,000 registered users. It now ranks in the top 50,000 on Alexa and attracts crypto communities from the US, Canada, Switzerland, Italy, India, Singapore, Australia, and more.
Embracing DeFi and NFT Trends
Unlike mainstream social media, Torum embraces cutting-edge utility innovations. CEO Ah Go states: 'The rise of DeFi and NFTs brings a wave of newcomers, making Torum their ideal starting point.' Competing head-on with Facebook, Twitter, or Reddit would be 'suicidal,' so Torum focuses exclusively on crypto enthusiasts. By integrating DeFi and NFTs, the platform provides a solid reason for crypto communities to join while remaining exclusive to crypto and blockchain topics.
First Social Project on Binance Smart Chain
As DeFi and NFTs attract retailers and brands into crypto, Ethereum’s congestion became a bottleneck. Torum decided to migrate its token XTM to Binance Smart Chain (BSC), becoming the first social media project in that ecosystem. This migration received full community support, enabling users to enjoy lower transaction fees. The upcoming Torum NFT Marketplace will be among the first NFT platforms on BSC.
Migration to BSC gives Torum a long-term edge, positioning it as a bridge connecting the public to the crypto world. The platform will continue integrating DeFi and NFT features to drive mainstream crypto social adoption.