Torum
Crypto Overview
Overview
Torum is a cryptocurrency project that aims to create a social media platform specifically designed for cryptocurrency enthusiasts and projects. The XTM token serves as the native currency of the Torum ecosystem.
Purpose and Utility
The intended purpose of XTM is to serve as a utility token within the Torum social media ecosystem. It is designed to facilitate tipping, social rewards, and governance participation. Users can earn XTM through content creation, engagement, and platform activities.
Platform Analysis
The platform operates on the Binance Smart Chain (BSC) and KuCoin Community Chain (KCC). The social media platform is operational and accessible, showing actual utility implementation. Users can create profiles, share content, and interact with other cryptocurrency enthusiasts.
Token Distribution and Development
Token distribution information shows a structured allocation with vesting periods for team members and advisors. The development team maintains regular updates to the platform, indicating ongoing commitment to the project's stated goals.
Current Usage
The platform shows active usage, though at a modest scale. The primary use cases remain consistent with the intended utility: social media engagement, content creation rewards, and platform governance.
Revenue Model
The revenue model is based on platform adoption and advertising, without any interest-bearing mechanisms or gambling features. The platform does not facilitate lending or other potentially non-compliant activities.
Crypto Impact
To assign a comfort level investing in Torum from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Torum.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.