Welcome to this week's TORUM Update and oh boy I've got some really exciting news to share with all of you!
If you read my previous TORUM update then you know that XTM Pre-Sale is over and that TORUM is preparing for a CEX and DEX listing.
TORUM team revealed some juicy details about the future of TORUM and XTM in their previous update such as BSC Integration, TORUM Finance, XTM Public Sale and more.
Let's cut to the chase and discuss about all these changes
Binance Smart Chain Integration
It's no joke that Binance Smart Chain (BSC) is the center of attention the past few months. New projects choose to build their dapps on BSC instead of ETH and that makes sense cause BSC fees are like 100 times lower than ETH fees.
Team TORUM takes user experience very serious so they decided to expand XTM into the Binance Smart Chain (BSC) ecosystem. Everything will begin with creating another contract - BXTM (BEP-20) and TORUM users can decide in which chain (ETH or BSC) they want to trade their XTM on
But wait, there's more...
The Birth of TORUM Finance
TORUM Team knows that DeFi is here to stay so TORUM with the help of their partner Blocklime (https://www.blocklime.com/) will be launching it's own DeFi platform called TORUM Finance as well as a new token called Exchange Torum Finance (XTF) which can only be earned by providing liquidity in TORUM Finance
Team TORUM is already working on it and here's a sample of their work
TORUM Finance will undergo 3 Phases before it's officially live
- Phase 1 - ETH x BSC Bridge (cross-chain transactions)
- Phase 2 - Liquidity Farming * Shard-Dust Multipliers + Metamask Integration
- Phase 3 - DeFi x NFT Staking Mechanism
Sneak peak from NFT Staking Mechanism on TORUM Finance
More details about XTM and TORUM Finance will be announced in a future TORUM official update so stay tuned.
XTM Public Sale
Good news for all those of you who missed the #XTM Private sale.
An #XTM Initial DEX Offering (IDO) will take place in a few months followed by the #XTM DEX listing.
There are also gonna be some changes in the XTM tokenomics like TORUM Team letting off their portion, while Pre-Sale participants might have to undergo a vesting period to ensure a successful token listing.
More details will be announced once the TORUM Whitepaper v3.0 is out and I personally can't wait to see what's in store for all us #Landers. Until then...
Keep Calm and #TORUM On
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After signing up you can invite your friends, earn #XTM by completing missions and help us build this innovating and unique ecosystem called TORUM.
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Much love to everyone and always have fun.
@Knowhow92
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