Social Media Platform Torum Proclaims Strategic Funding by Huobi Ventures HECO Fund

On the eve of the challenge’s first 12 months launch anniversary, social media platform Torum has launched its H2 strategic ecosystem growth plan, prioritizing the development of a one-stop crypto ecosystem. The plan consists of core options that purpose to resolve the trade’s data asymmetry issues and enhance the connection between tasks and communities via a social-based ecosystem.

Torum H2 Strategic Ecosystem Growth Plan

The Torum H2 Strategic Ecosystem Extension plan will embody quite a few core options, induding:

  • Torum NFT Launchpad: The INO platform for tasks to situation a set of limited-edition NFTs to the group
  • Torum NFT Market: The primary social-infused NFT market with the power to market NFTs to the customers of Torum.
  • Torum Airdrop: A premium part for tasks to conduct airdrop to the Torum group
  • Torum Information: A one-stop information and knowledge aggregator for tasks
  • Torumgram: A bridge that connects Telegram teams and channels into Torum
  • Torum Lounge: An audio-only board to conduct AMA and close-engaging occasions.

The growth plan has caught the eye of the Huobi Ventures HECO Fund, which led to the strategic funding of the VC agency on Torum. With Huobi Ventures coming into the fold, Torum will help within the growth of the Huobi ecosystem from advertising and marketing and group constructing facets, significantly in connecting Huobi and HECO-based tasks with the Western market.

Yi Feng Go, CEO & Founding father of Torum stated that:

“Neighborhood consensus has all the time been the biggest asset of Torum. Nevertheless, the huge potential of a social media ecosystem like Torum is but explored fully at such an early part. With the help of Huobi Ventures, we’re assured that Torum can develop exponentially by bringing onboard HECO-based tasks and their communities for the following 6 to 12 months. We’re tremendous excited to be working carefully with ecosystem companions like Huobi Ventures.”

As a part of the strategic funding, Huobi Ventures will present useful resource entry to unique media companions, group constructing, and challenge connections for Torum. The useful resource integration from Huobi will additional develop the ecosystem outreach of Torum, which has already gathered over 64,000 cryptocurrency lovers from over 10 nations, together with the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, and so on.

Huobi Ventures and HECO 

One of many key focuses of Torum for H2 2021 is to deliver onboard high quality HECO-based tasks to its social media ecosystem. With the help of Huobi Ventures, Torum can present premium advantages to HECO-based tasks together with entry to the Western market, group constructing instruments, model publicity, group integration, and extra.

Loki, Funding Supervisor of Huobi Ventures commented that:

“Huobi Ventures HECO Fund strives to develop the Huobi ecosystem and welcome high-quality HECO-based tasks like Torum. With the addition of a crypto-centric social media platform to our portfolio, we will make the most of the core options of Torum like NFT Launchpad to supply group and sources outreach for the tasks on the HECO ecosystem.”

Go to the Torum web site to have a glimpse into the way forward for social media, or hold updated with all Torum developments via the corporate’s official Twitter account.

About Huobi Ventures HECO Fund

Huobi Ventures is a wholly-owned subsidiary of the world’s second-largest cryptocurrency alternate, Huobi Group is targeted on boosting the agency’s funding portfolio and offering long-term help for revolutionary blockchain tasks.

Huobi Ventures HECO Fund primarily invests in upstream and downstream initiatives within the international blockchain trade. Along with its alternate enterprise, its investments additionally cowl the first market, secondary market quantitative funds, funding banking, incubators, asset administration, wallets, mining, market information distributors, the worldwide group, media, cybersecurity, public chains, DAPP, and platforms, regulation, expertise recruiting, coaching, and analysis.

About Torum

Torum is the world’s first DeFi + NFT built-in social media platform that’s specifically designed for cryptocurrency customers. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 different distinguished crypto VCs, Torum is now one of many fastest-growing crypto social media platforms with a formidable 20 – 30% month-to-month person progress charge.

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Torum is the supply of this content material. This Press Launch is for informational functions solely. The knowledge doesn’t represent funding recommendation or a proposal to speculate.

Supply: Torum