{"id":465230,"date":"2021-06-09T10:00:03","date_gmt":"2021-06-09T10:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?post_type=press_release&p=465230"},"modified":"2021-06-09T09:40:51","modified_gmt":"2021-06-09T09:40:51","slug":"the-first-defi-nft-social-media-project-torum-announces-nft-launchpad","status":"publish","type":"press_release","link":"https:\/\/uniquehot.com\/press-releases\/the-first-defi-nft-social-media-project-torum-announces-nft-launchpad\/","title":{"rendered":"The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad"},"content":{"rendered":"

Bitcoin Press Release:<\/strong> Torum prepares to launch an NFT launchpad from its unique DeFi & NFT-infused social media platform, following successive fundraising achievements.\u00a0<\/em><\/p>\n

9th June, 2021, Kuala Lumpur, Malaysia <\/strong>\u00a0\u2014 Torum<\/a>, the first DeFi, and NFT-infused crypto social media platform is now going to launch an NFT launchpad that is designed with cross-chain interoperability. The integration of the NFT feature will enable projects to raise funds from a community of over 56,000 cryptocurrency users and investors<\/a>.<\/p>\n

Introducing Torum NFT Launchpad<\/h3>\n

Torum NFT Launchpad is developed on Torum\u2019s DeFi staking platform, Torum Finance<\/a> that offers any issuing projects to launch NFTs with different rarity and total supply and also the burning period of the NFTs. There are two types of public launches with different criteria and gamification options available to choose from on the launchpad.<\/p>\n

The first option is a dual token launch which gives NFT holders the vested right to burn the NFTs and receive the native tokens of both the issuing project and Torum in return. This launch creates a mutually beneficial result where NFT owners will receive two types of tokens, while the issuing projects can enjoy a higher public sale completion rate from both Torum and its community.<\/p>\n

The second option is a single token launch which gives NFT holders the vested right to burn the NFTs to receive the issuing project\u2019s native tokens in return. Other details such as whitelisting, token release rules, and buying limit per participant, will depend on the issuing projects, but will offer such projects immense flexibility to make their first debut on the Torum NFT Launchpad.<\/p>\n

Why choose Torum NFT Launchpad?<\/h3>\n

Unique from other NFT launchpads in the industry, launching on Torum will provide 5 exclusive benefits to projects, including:<\/p>\n