Introducing Initial Staking NFT Offering, ISNO and the first project that started it

2021-5-10 13:00

When J.R. Willett unveiled “The Second Bitcoin White Paper” – the first whitepaper that introduced the concept of initial coin offering (ICO) in January 2012, none really paid any attention to the document. It was not until 2017, where the little crazy idea of the Seattle-based software developer will give birth to the ICO craze that took the world by surprise with its outstanding crowdfunding performance.

However, the ICO trend had spiraled out of control by hype and became a speculative bubble that popped in mid-December 2017. While the marvelous achievement of ICO was short-lived, its fundamental concept has become the backbone of the crypto financing environment. From the genius of ICO, three prominent crypto fund raising mechanisms were born – STO, IEO and IDO.

The SEC-approved benefit of Security Token Offering, STO, makes it attractive for projects to launch an ICO without legal ramification. By having a cryptocurrency exchange to conduct research on the projects, Initial Exchange Offering, IEO, gained traction and interest of retail investors as a safer alternative. Meanwhile, Initial DEX Offering, IDO, is a new concept born out of the recent DeFi craze where anyone can launch a token through a decentralized exchange with the advantages of instant liquidity, instant trading and cheaper listing cost. 

Recently, a new type of offering called Initial NFT Offering, INO, is gathering more interest among crypto retailers. This comes after the innovation of non-fungible tokens (NFT) that received support from big companies like NBA and Capcom as well as well-known entrepreneurs like Jack Dorsey of Twitter and Gary Vaynerchuk of VaynerX. 

However, the innovation of crypto crowdfunding does not stop here. A crypto project called Torum has created a modified version of INO with DeFi-infused elements for its upcoming public sale and named it Initial Staking NFT Offering, ISNO.

What is Initial Staking NFT Offering?

Initial Staking NFT Offering, or ISNO is a new crypto funding innovation that involves offering a set of limited edition stake-able NFTs for sale. 

Unique from the other conventional INOs, the digital artworks received from ISNO can be staked to unlock a set of rewards or benefits in a project ecosystem. Aside from the inherent supply scarcity, the perks of holding the stake-able NFT can take place in many forms, including an autographed physical artwork from the original creator, an integrated equipment in a gaming platform or even the farming reward multiplier that is proposed by Torum.

In the era of utility innovation, the crypto industry is constantly looking for meaningful use cases to speed up the crypto adoption pace, including NFT. And, ISNO might just be the answer to that.

The project behind ISNO

Torum is a social media platform that is specially designed for worldwide cryptocurrency users. Using social media as a foundation, the project is now expanding its ecosystem to the DeFi and NFT spaces. 

The new ecosystem will include Torum NFT Marketplace that integrates XTM, the native token of Torum and Torum Finance, a DeFi platform that will be used to organize the ISNO event.

Yi Feng Go, CEO of Torum says:

“As I was researching DeFi and NFT, I couldn’t help but think that there must be some creative ways to incorporate the both of them. Then, the public sale idea hit me like a truck.”

The world’s first ISNO event

The Torum’s ISNO event will take place at 9 p.m. on the 10th of May with a total of 363 limited edition NFTs up for sale.

Organized on Torum Finance, there will be 5 different NFT tiers available for purchase, starting from $200 to $16,200. The digital artwork of each tier represents the 5 ecosystem eras of Torum, namely Genesis, Exorsus, Crescentia, Maturitas and Concordia.

Released in 5 different prices, the NFTs issued under ISNO can each be burned to unlock a specific amount of XTM locked in the token and comes with a permanent staking multiplier ranging from 1.05x to 1.25x. With only 363 digital artworks up for grabs, the success of Torum’s ISNO event will once again spur a new wave of blockchain innovations.

About Torum

Torum is the first DeFi and NFT-infused social media platform that is specially designed for cryptocurrency users. Backed by over 18 prominent strategic investors like AU21, Consensus Lab, DFG, Waterdrip Capital and Redline Capital, Torum is now one of the fastest-growing social media platforms joined by over 38,000 crypto enthusiasts from every corner of the world.

In future, Torum strives to become the largest crypto ecosystem that connects the general public to the crypto space.

Website | Twitter | Telegram | Medium | Facebook | LinkedIn | Reddit | Instagram | Discord

 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Coin(O) (CNO) на Currencies.ru

$ 0.0003323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0003323 - H: $0.0003323
Капитализация $35.041k Rank 99999
Доступно / Всего 105.462m CNO

offering ico january coin 2012 concept introduced

offering ico → Результатов: 126


Fidelity House ICO

FidelityHouse is a Social Content Network that allows users to be updated on their own interests, publish contents earning on views and be part of a fun and innovative community. Our mission is to become a reference platform for authors and publishers of original and high quality contents, offering services aimed at their attribution, protection and monetization.

2018-10-8 17:40


Spiking.io AI Crypto Trading App Finishes Second Private Sale for ICO Token

Spiking, which is a startup blockchain asset-validation and AI-powered crypto trading platform, completed a second private sale in its early ICO offering. The token buyers in this private sale included entities such as CRC Capital, Jove Capital, Mars Blockchain, and prominent investors like Rune Evensen, James Sowers, and Dr. William Nguyen. More About Recent Advances […]

2018-10-3 19:24


Фото:

Are ICO’s The Right Way To Solve Bitcoins Problems?

The Initial Coin Offering is a controversial platform. In their essence, ICOs are positive and exciting, though as many will know, they open us up to a whole host of potential problems and risk. In the growing cryptosphere, we want to minimise risk in order to secure our investments, therefore ICOs are considered by many, as a total no go, although even with this in mind, ICOs still run, they still happen and they still bring in heaps of investment for new and budding crypto projects.

2018-10-1 15:00


Фото:

Healthbank announces ICO to accelerate ecosystem development

Healthbank, the health data hub built for the 21st century, officially announced today an Initial Coin Offering (ICO) to finance the further development of the healthbank ecosystem. Healthbank, based in Switzerland, was founded in 2013 by a team of 28 academics, entrepreneurs, and healthcare experts with the goal of giving back control over the asset class […] The post Healthbank announces ICO to accelerate ecosystem development appeared first on NullTX.

2018-9-27 16:30


Chinese Central Bank Issues Advisory Against Initial Coin Offering (ICO) as Financial Disruption Model

Chinese Central Bank Issues Advisory Against ICOs After an impressive performance in 2017, ICOs have had it tough since the beginning of 2018. For this reason, the Chinese Central Bank has issued an advisory cautioning investors of the enormous risks that are associated with digital currencies and ICO crowdsale events. In a statement issued from […]

2018-9-21 18:51


Фото:

ICO Market Maturing in 2018, Says UK Consultancy

The initial coin offering (ICO) market is snowballing, with 537 ICOs and $13.7 billion in funds closing successfully in the first five months of 2018. According to Consultancy UK’s article published on September 17, 2018, the ICO market’s boom is a result of more explicit regulation in some jurisdictions, which has helped the new fundraising approach reach maturity and become...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-17 18:00


Фото:

Brazil’s Avai Football Club Set to Launch its Initial Coin Offering (ICO)

While a vast array of football clubs have since joined the cryptocurrency and distributed ledger technology (DLT) bandwagon, few have been bold enough to organize an ICO. According to an Inside World Football report on September 12, 2018, Brazil’s Serie B Club Avai FC is set to become one of the world’s first football team to play the controversial ICO game....The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-15 23:00


Two Major Cryptocurrency Firms Move Closer to Initial Public Offering

Two well-known cryptocurrency exchanges, U.S. based Robinhood and Huobi of Singapore, are inching closer to a much anticipated initial public offering (IPO), CoinDesk reports. With the initial coin offering (ICO) space appearing to be losing traction—especially considering that August campaigns raised just $326 million in total, the lowest in 16 months—a handful of organizations are… The post Two Major Cryptocurrency Firms Move Closer to Initial Public Offering appeared first on UNHASHED.

2018-9-12 19:00