Torum, a cryptocurrency based social media forum will be conducting it’s Public Sales soon in form of an Initial DEX Offering (IDO) in preparation to launch trading of XTM tokens.
For a successful IDO, Torum is exploring strategic partnership with major players in the Crypto space. One of such numerous partnership is it's recently announced partnership with Poly Network, a blockchain Interoperability solutions provider, for effective cross chain transactions of XTM and seamless trading experience.
In furtherance of providing great trading experience for it’s community members, Torum core team announced strategic partnership with MantraDAO, for Zendit IDO collaboration. The CEO and founder of Torum, Yi Feng Go said;
“As we progress further into Decentralization, it is natural that Torum, as a social media platform will slowly evolve into one of the biggest DAOs in the space, which makes the partnership with MantraDAO a perfect blend”
MantraDAO
MantraDAO is a community governed DeFi platform that focuses on staking, lending, and governance. This platform, built on parity substrate for Polkadot ecosystem gives financial control back to the people to store and grow wealth. Staking on MantraDAO is decentralized and non custodial. Users can stake supported PoS and DPoS assets to earn extra rewards in OM Tokens. Lending is both open sourced and proprietary lending protocols, where lenders can directly offer cross-chain, multi-asset loans to users in order to earn interest on their assets.
Governance on MantraDAO is Democratic as all OM Token holders have full control and ownership of the ecosystem through their voting and governance rights. Karma scores, similar to traditional banking credit scores is deployed to reward users for their positive contributions to the MantraDAO ecosystem.
Zendit Launchpad
Zendit is a Launchpad platform of MantraDAO that employs a decentralized fixed swapping protocol. This protocol had immense advantages as it provides transparency on the amount of token offered as well as neutralize the risk of bad actors artificially pumping token price with the aim of dumping on investors.
Zendit Launchpad comes with features for a Private and Public pools for token sales and also offer the option of Dutch Auction for crypto project sale (A Dutch Auction is where bidding starts from the highest price but is systematically lowered until someone makes the winning lower bid and the item is sold. The final sale will be based on the winning lower bid).
Participation on Zendit Launchpad is tiered and the five tiers is named after the top five tallest mountains in the world and different tiers comes with different perks for members of MantraDAO community.
• Tier 1 (Everest): You become a member of this tier when you supply 50,000 OM tokens on ZENTEREST( ZenOM);
• Tier 2 (Aconcagua): Membership is by staking 40,000 OM tokens (sOM);
• Tier 3 (Denali): Membership is by holding 30,000 OM tokens;
• Tier4 (Kilimanjaro): To qualify for this tier, you need to hold 100M OM staked NFT; and
• Tier 5 (Elbrus): You only need to hold a MantraDAO Polkapet to become a member.
For a token to launch on Zendit, it must pass the MantraDAO Council internal vetting procedure. This is done to ensure that only the very best projects become part of the MantraDAO ecosystem. Projects that have launched on Zendit include; PolkaFoundry, Gains Associate, Raze Network, GamyFi. Trodl, Uniform and many others.
With Torum project passing the MantraDAO internal vetting process, it’s a pointer to how solid the Torum project is. While responding, John Mullins, Co-Founder and Council member said
“Being a DAO ourselves, we are delighted to be partnering with Torum to support the development, adoption and overall better general understanding of DAOs and their disruptiveness. As early adopters of DAO models, I believe that both our projects will be at the forefront of the decentralized revolution that will drive the transformation of the world we currently live in”
About Torum
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 32,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 50,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform and currently plans to conduct an Initial Staking NFT Offering (ISNO). I'm sure you will be interested in joining this Forum and here's my invitation link for you. We both get to share 70 XTM tokens equally after you've verified your email address.
https://www.torum.com/signup?referral_code=wumeepope
