Is Torum (XTM) a Good Investment?

Here are some factors to consider when evaluating XTM as an investment:Rising Interest in Web3A favorable investor outlook toward the web3 sector of the crypto market could benefit the Torum price. The value of XTM could increase as more investors seek projects in this space with a highly engaged community and potential. Trends in DeSoc There is an increasing trend in the market for decentralized social networking platforms with increased user privacy. A project like Torum offers higher privacy and control for users over their data than centralized social media platforms. The XTM price could increase as more users sign up for platforms like Torum. Crypto Market Sentiment Like with most other cryptos in the market, investor sentiment plays a significant role in driving the Torum value. A positive market sentiment encourages higher buying activity, supporting the XTM to USD price and increasing its potential as an investment.

What Is Torum Price Prediction?

The volatile nature of the crypto market makes it impossible to make a reliable XTM price prediction. However, the following factors offer insight into the price action and trends in the Torum cryptocurrency: Level of Adoption of TorumThe utility of XTM within the Torum ecosystem is essential. If XTM is widely used for various purposes within the platform, it can drive demand and potentially increase the XTM value.Developments in the Torum RoadmapAny significant technological updates or improvements to the Torum platform can affect the $XTM price. This includes updates related to security, scalability, and usability.Level of Competition in the DeSoc Sector Competition from other cryptocurrencies and social media platforms can influence the price of Torum crypto. Torum's ability to differentiate itself and maintain a competitive edge is essential.

What Is XTM Token Used for?

XTM is the native token of the Torum ecosystem and serves the following purposes: Social Rewards XTM rewards users for participating in various social activities on Torum, such as creating content, engaging with posts, and referring new members. This incentivizes users to contribute to the platform's growth.Gifts and Benefits Users can use XTM to purchase crypto-themed gifts and benefits for themselves or other members. These virtual gifts enhance the social experience on the platform and allow users to support content creators.Staking XTM can be staked to earn additional tokens as rewards. Staking XTM can be a great way to ensure higher engagement within the Torum community and offers you a way to generate passive income. Native Currency XTM can be used for transactions within the Torum marketplace, where users buy and sell various digital and crypto-related products and services.Trade or HODL XTM Trade Torum coin against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell XTM, or hold it long-term if you believe in the future potential of the Torum project. Conduct thorough research and assess your risk tolerance before investing in Torum or any other crypto asset.

How to Stake XTM on Torum

Here’s how you can stake XTM tokens on Torum to earn passive income: 1. Visit the Torum Finance website or use the Torum platform to access the staking feature.2. Connect your preferred cryptocurrency wallet with XTM tokens to the Torum Finance platform. Ensure that your wallet is compatible with the platform.3. Click the Liquidity Farming option from the tab on the right side of the page. 4. Provide liquidity to the XTM/BNB pair on PancakeSwap. Stake your LP tokens from this activity on Torum Finance.

Who Are Torum’s Partners and Investors?

KuCoin Labs and Huobi Ventures feature among Torum’s exclusive investors. In addition, Torum has listed several advisors, partners, and investors, such as AU21 Capital, Worshipper Capital, Blockhunter Capital, Chain Capital, Oasis Capital, Poly Network, Mantra DAO, and Kylin.

How to Buy Torum (XTM)

Price of Torum (24h)$0.0244296145301577

2.4%

Real-Time XTM Rate Converter

Interested in buying Torum (XTM) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Torum (XTM) instantly wherever you are! Check out all the ways you can buy XTM on KuCoin.

Buy Torum (XTM) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Torum (XTM)

Use a variety of payment options to buy Torum on KuCoin. We'll show you how.

Choose How You Want to Buy Torum on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Torum (XTM).

Buy Torum (XTM) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Torum (XTM). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Torum (XTM) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Torum (XTM).

Tip: KuCoin offers a variety of order types to buy Torum (XTM) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Torum (XTM) in your Trading Account.

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How to Store Torum (XTM)

The best way to store Torum (XTM) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Torum (XTM).

Store Torum in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Torum in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Torum (XTM) to a non-custodial wallet. Storing Torum (XTM) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Torum (XTM) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Torum (XTM).

What Can You Do with Torum (XTM) on KuCoin?

Hold

Store your Torum (XTM) in your KuCoin account.

Trade

Trade Torum (XTM) in the spot and futures markets.

Earn

Earn passive income by staking or lending Torum (XTM).

Why Is KuCoin the Best Platform to Buy Torum (XTM)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Torum and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Torum (XTM) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain XTM in an instant when you buy on KuCoin.

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FAQ

Is BABB (BAX) a Good Investment?

The unique features of BABB make it a promising investment opportunity. For one, the project has the potential to transform the financial market by providing millions of people with access to affordable financial services.

This immense market potential offers the opportunity for significant value increases for the BABB tokens. In addition, the BABB team has impressive expertise and a strong network of partners that support the growth of the project.

What Is BABB Crypto Price Prediction?

The forecast for the price of BABB (BAX) is influenced by various factors. A significant factor is the acceptance of BABB as a global standard for financial services, which could drive the price of BAX to USD higher.

The more people use the platform and hold BABB tokens, the greater the demand will be, which can lead to a potential increase in BABB value. In addition, partnerships with established financial institutions and governments could strengthen confidence in BABB and promote its use worldwide.

The integration of BABB into existing financial systems and the introduction of new features and services could also have positive effects on the BAX price.

What Is BABB (BAX) Token Used For?

BAX is the utility token of the BABB platform, and has the following functions:

Underlying Token for Platform Services

BAX tokens are used as the underlying cryptocurrency for all services provided by the BABB platform. $BAX is used to pay all services, fees, and licensing of the BABB platform.

Onboard/Offboard Services

Any service that integrates BAX support can consequently connect with the BABB platform and facilitate the transfer of funds directly between user bank accounts. The team behind BABB plans to use BAX as a method for transferring value into and out of the BABB platform, as well as serving as an access point to other cryptocurrencies.

Foreign Exchange Liquidity

BABB plans to use BAX as an intermediary to convert tokenized fiat currencies between BABB accounts, promoting rate discovery, enhancing liquidity, and simplifying the exchange process among various local currencies.

International Payments

BABB may allow the use of BAX to make international payment transfers, especially for more illiquid currencies of smaller countries. Users can send funds in BAX and the recipient can convert BAX tokens to the currency of their choice.

Fundraising

To promote global cooperation, the money gathered through BABB's fundraising capabilities can be obtained in BAX, providing extra benefits for participants. Utilizing BAX for fundraising enables support for small contributions, under $1 per participation, allowing for micro-participations.

Trade or HODL BAX

Trade BABB crypto against other digital assets on KuCoin Spot Market or other supported platforms. Buy or sell BAX or hold the token long-term if you believe in the future of the BABB project. Do remember to perform DYOR before entering a new trade in the crypto market.

What Is BABB Tokenomics?

The BAX token is used to carry out transactions on the platform and secure the network. There are a total of 50 billion BAX tokens, some of which were distributed during the Initial Coin Offering (ICO).

The token distribution of BAX according to the BABB whitepaper is as follows:

1. 60% was allocated to the public token sale, of which 40% went for the pre-sale and main sale in early 2018, and 20% was made available in the second phase.

2. 20% of BAX’s total supply was distributed among the BABB team members, advisors, early contributors, and partners.

3. 18% was set aside as platform reserve.

4. 2% of the BAX supply was allotted for a BAX bounty campaign.

Torum (XTM) Price Analysis

Live Price

The live price of XTM is 0.024872 USD, representing a decrease of -1.71% in the past 7 days and 2.4% increase in the past 24 hours.

Historical Trends

The all-time high of XTM was 2.39 USD on 11-19, 2021, from which the coin is now down -98.96%.
The all-time low of XTM was 0.011988 USD, from which the coin is now up 51.80%.

ATL0.011988150598014112

ATH$ 2.39

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Disclaimer

Given the nature of the crypto market, the price of Torum (XTM) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.