Category: kucoin

KuCoin Labs Invest in Huobi-backed SocialFi Platform to Expand into Metaverse & NFT Space

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Press Release: The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 

 

4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited to announce that the project has secured a strategic investment from KuCoin Labs, the $50M incubator and research arm of KuCoin.

 

The Torum KuCoin Ecosystem

Torum is a SocialFi Metaverse ecosystem that is specially designed to connect cryptocurrency users and projects. The Web 3.0 ecosystem is built with a social media platform with over 120,000 users at its core, integrated with an interactive yield farming platform, an NFT marketplace, and lastly the world’s first PFP Metaverse identity – Torum Avatar NFT.

 

Everything started when Torum announced the ambition to expand into the Metaverse and NFT on 27th September 2021. The SocialFi Metaverse concept has caught the eye of KuCoin Labs, which led to intensive meetings and follow-up calls between the two parties and lastly the strategic investment on Torum.

 

Lou, Head of KuCoin Labs stated:

 

“The beauty of Metaverse lies in its diversity. Social, Avatars, NFT collections, GameFi – Metaverse is going to change the world as we see it. This is merely the tip of the iceberg, and we look forward to supporting Torum’s vision to build a SocialFi Metaverse for the crypto users”

 

Ecosystem Expansion 

As part of this strategic investment, Torum will be building an immersive and interactive SocialFi Metaverse ecosystem, where cryptocurrency users around the world can access Social, Decentralized Finance, NFT and Metaverse all in one place.

 

Yi Feng Go, CEO, and founder of Torum stated:

 

“This round is a major step towards the upcoming Metaverse revolution. It doesn’t matter if you are a Bitcoin maximalist, DeFi player, altcoin trader or NFT artist. This SocialFi Metaverse is our promise of creating an open, safe and interconnected world for everyone.”

 

The partnership with KuCoin Labs will empower Torum with the connection to exclusive partners and access to premium services (blockchain technical support, legal advice, etc) that are within the reach of the KuCoin ecosystem to focus on the development of the SocialFi Metaverse.

 

About KuCoin Labs

Initially founded as the KuCoin Investment and Incubation Program in May 2018, KuCoin Labs is the investment and research force of the KuCoin ecosystem. With a team of research and market experts, KuCoin Labs diversifies and intensifies investments into early-stage projects, ecosystems, and communities, empowering BUIDLers to achieve sustainable growth and success in the decentralized world.

 

About Torum 

Torum is the world’s largest SocialFi Metaverse ecosystem that is specially designed for cryptocurrency users and projects. The Web3.0 ecosystem is built on a social media platform, coupled with a yield farming platform for DeFi players, an NFT marketplace for crypto artists, and Avatar NFT for Metaverse enthusiasts.

 

Torum Socials

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

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com

  

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

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After Lightning-Paced Tier-1 Sellout, ClinTex’s CTi Token Lists on KuCoin Today

Bitcoin Press Release: ClinTex is all set to fulfil its promise of reducing cost and time wastage in the medical trials industry, with its CTi token available for public trading on KuCoin on Wednesday.

 

30th November 2020, London, United Kingdom: Using the combination of blockchain, artificial intelligence and smart contracts, ClinTex is an innovative medical trial platform that will usher in an era of data sharing, analytics and management in pharmaceutical development that will revolutionize the current industry. The aim: Eliminate issues that cause time and resources to be wasted and remove duplication of efforts.

 

Sharing is Caring

The pharmaceuticals industry is lucrative – an innovative medicine that can tackle a disease is worth billions in sales. However, the industry is littered with high barriers to entry and unfathomable lead times for products. Compounding these problems are the tough trial stages before drugs are approved for use. To offset this huge cost, the pharma industry simply passes on the cost to the public, with the sick paying huge amounts of money for their health. And in ClinTex’s view, this is unacceptable.

 

ClinTex is leveraging blockchain technology to herald a new age in medical trial data sharing that is secure, efficient and open. Their Clinical Trials Intelligence (CTi) platform utilizes data analytics combined with blockchain technology to address the major inefficiencies in clinical trials. Through this, the estimated $350 billion spent yearly on new medication development can be significantly reduced.

 

The CTi Platform will also enable better collaboration across the pharmaceutical industry. Currently, there are almost 3,000 studies ongoing that are evaluating Covid-19 treatments and vaccines, but most are working in isolation. Using blockchain technology, CTi will finally provide a way for Big Pharma, small Biotech, academia and  independent researchers to collaborate and share key data, allowing for faster clinical trials and less clinical trial failures.. This will support ClinTex’s vision of facilitating the delivery of new medicines Faster, Safer and Cheaper.

 

CTi Listing

Powering the ClinTex’s mission of serving humanity is its CTi token. The firm originally had an IEO in the plans, but the immense interest by participants meant ClinTex was ready to go to market with CTi much quicker. Purchased at an incredible pace, the first round completely sold out and the second round also saw unprecedented demand. ClinTex decided not to run additional, unnecessary rounds of the sale.

 

CTi has just been listed on KuCoin today, Monday 30th November, 2020 and publicly tradable in 2 days on Wednesday 2nd December, 2020. KuCoin stands amongst the top ten crypto exchanges and its high volume of trading means the token will be in the reach of hundreds of thousands of investors and individuals who share the ClinTex dream. With over 30,000 new clinical trials registered every year, and over 250,000 clinical trials ongoing at any one time, the market potential for CTi is huge. This market opportunity, coupled with ClinTex’s innovative platform, is likely to drive  significant demand for the token in the short term, with longer term sustainable token growth being driven by the roll-out of the platform in 2021. 

 

Open, Yet Secure

ClinTex offers a seamless experience of sharing medical data, but respects intellectual property at the same time. A recent report by The Guardian revealed that state sponsored hackers are constantly attempting to hack into the servers of pharma companies engaged in COVID-19 vaccine development. This is the very reason ClinTex uses blockchain. Smart contracts assure the information is released to the only right party, leading to a trustless environment.

 

Expert Opinion

Combined, the ClinTex team has over 50 years of experience in the pharma industry, with vast connections in the clinical trial sector. ClinTex is also all set to roll out its working platform in 2021. With the platform launched next year, the true power of medical trials and blockchain will be unleashed, bringing pharmacists, doctors, researchers and others under one roof, working in cohesion to make medications easier to develop and cost effective for the world. One world, one mankind, a global health benefit.

 

Join the medical revolution and trade CTi today on KuCoin!

 

Connect with ClinTex on Telegram: https://t.me/ClinTexCTi 

Join ClinTex on Twitter: https://twitter.com/ClinTexCTi 

Check up what ClinTex is up to on Medium: https://medium.com/@clintexcti 

 

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users across 207 countries and regions around the world. One out of every four crypto holders in the world is with KuCoin.

 

Media Contact Details 

Contact Name: Sean Flanagan

Contact Email: info@clintex.io

 

ClinTex is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

 

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