Over the past several years we’ve seen a number of social media platforms built on blockchain technology. These platforms, like Steemit and Hive and Synereo, all advocate for data-privacy and free speech, which is great, but their features and messages haven’t seemed to resonate enough with the broader crypto-community.

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

Torum Review

Torum is built on the notion that there is one thing that interests and draws cryptocurrency users more than any other. That’s cryptocurrency and blockchain technology of course.

By focusing on this discovery Torum is working on making itself the very first crypto-focused social media platform. By placing the focus on blockchain technology and cryptocurrency Torum is forming a community that’s primarily made up of cryptocurrency users. 

And they believe that as that community grows it will create a network effect that draws even more cryptocurrency enthusiasts and blockchain projects to the Torum platform.

Torum has also distinguished itself by eschewing the traditional blogging platform approach and creating a platform that has a better interface for users, and improved scalability for its features and functions. 

Torum’s development team believes that as it grows it can easily scale and grow its ecosystem, and that this scalability will also allow it to easily integrate new features that benefit its crypto-enthusiast users.

How To Earn XTM

There are a number of ways you can earn XTM, but by far the easiest is to simply log into Torum each day and collect the daily mission reward for logging in. 

That will get you 7 XTM through the course of the week, and at the end of the week you’ll also be eligible to complete the weekly mission “Stay active for 7 days consecutively” and you’ll receive an additional 40 XTM.

There are other missions available, but those will take a bit more time and effort when compared with the daily and weekly login missions. Of course every XTM earned is far more valuable than the time spent on one of the centralized social media platforms, where you’re simply there to help them earn advertising money.

XTM Token and Tokenomics

XTM is the native token of Torum. Initially conceived as an ERC-20 token, the team has instead decided that XTM will be released as a BEP-20 token on the Binance Smart Chain, with a bridge enabled for cross-chain swaps on the Ethereum blockchain. 

As mentioned previously, token utility is one of the problems facing crypto projects, particularly when the market enters a bear period. To address this issue Torum has created XTM as the primary medium of exchange across the entire ecosystem. 

The XTM token is designed to be the backbone of the ecosystem, creating a consistent value-driven network for all XTM holders.

• Buying & Selling in Torum NFT Marketplace. The Torum NFT Marketplace is planned to become a one-stop gateway for the Torum community to list and trade NFTs using XTM.
• Gain access to DeFi-related services on Torum Finance. Torum Finance is envisioned as a DeFi Portal that will provide the Torum community with the ability to use XTM for a variety of DeFi services such as lending, staking, farming and token swapping.
• Boosting a Post or Thread Content. Boosting posts and threads allows Torum members to promote their post or thread on top of the home page of the community by spending XTM.
• Bidding Advertisement Slots. Advertisement Slots are precious spots that anyone can bid to showcase his/her project, business, NFTs or other crypto-oriented services using XTM.
• Performing in-game purchase in Mining Simulator. The Mining Simulator is an in-house developed game that allows the Torum community to perform mining in exchange for 10% of the ecosystem’s quarterly XTM profit.

Is Torum Safe and Credible

The entire platform is driven through the utility of the native XTM token, which was created as an ERC-20 token, and will now be issued on the Binance Smart Chain as well. 

The XTM token has many different use cases on the platform, which we’ll go into more detail about later in this review.

Already there are plans for a community NFT marketplace, a mining simulator, a mobile app, and a DeFi platform. 

With the project currently still in private beta anyone joining now can consider themselves an early adopter, and as we have all learned it’s the early adopters that reap the greatest benefits when a project becomes popular.

Is Torum Legit 

As we’ve seen during the crypto bear market, the failure to capture significant market and community interest is the primary reason that most blockchain projects die or simply fade away. Torum believes this can be avoided by building an entire ecosystem on top of the social media platform.

A social media platform should be able to maintain community engagement in a number of ways and by bringing together all the cryptocurrency enthusiasts worldwide into one ecosystem Torum will build a platform that will reach the necessary critical mass to become self-sustaining.

Is Torum Scam

The integration of a social media platform expands the synergizing potential among all the components of Torum’s ecosystem. Below are some examples from the Torum whitepaper of how a social media platform contributes a compounding value-adding effect:

• Artists can spread their artworks from Torum NFT Marketplace and promote them directly on social media.
• The community can gain access to a variety of DeFi services like token swapping and liquidity farming on Torum Finance without involving any non-ecosystem projects.
• Project supporters can maximize their chance of voting a new “Favourite Coin” successfully through “Promoted Post” and “Ad Slots”.

In Summary – Is Torum Legit or Scam

The Torum project is undeniably very ambitious, and it is off to a good start, however there are many unfinished features already, such as the Mining Simulation and Premium Features, and the team is already announcing they will add an NFT Marketplace and a DeFi platform. All while migrating the entire ecosystem to the Binance Smart Chain. With 18 team members.

I would never shoot down optimism and confidence, but maybe the team has more on their plate then they can comfortably swallow? Perhaps some of their ambitious ideas need to go on the back burner while they continue to flesh out the actual social media platform and the features that go along with it.

Or maybe they will go on a hiring spree so they can accelerate development progress. That would work as well if they had one team for core development, another small team for NFT Marketplace development, and a third small team for DeFi development.

Of course everything remains in private beta as well, so maybe there’s no rush.

I also take issue at the development team taking 25% of the total coin supply for themselves. It seems excessive and unnecessary.

Disclaimer

This Torum Review Article isn’t aimed at defaming Torum nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Torum review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

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Polymath seeks to accelerate the interest and growth of security tokens in the blockchain space.

It has succeeded with this by setting up a standardized SEC compliance framework for the creation and management of security tokens.

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

Polymath Review

Polymath is a decentralized platform founded in 2017 to power the issuance of Security tokens.

Security tokens are digital representations of traditional assets, such as, equity, shares etc, that are traded and held on a blockchain.

What makes these assets ‘securities’ is that they are regulated, with governing bodies across the world dictating how they can be issued, managed, and exchanged.

The project is built on the Ethereum network but plans to move to Polymesh soon.

Polymesh is the native blockchain of Polymath built based on Parity Substrate. As of March 19, 2021, Polymesh is still in the testnet.

Polymath Security Token Project

For Security Tokens to reach their full potential, there must be an agreed regulatory framework upon which they are deployed.

Although the Ethereum blockchain allowed for the creation of security tokens, it does not have a set standard on which they should be created.

This was quite challenging and resulted in inefficiencies with the security tokens created on the ETH network.

However, the Polymath technology has resolved this through their ERC1400 – the Security Token Standard.

Is Polymath Legit 

Polymath seeks to accelerate the interest and growth of security tokens in the blockchain space.

It has succeeded with this by setting up a standardized SEC compliance framework for the creation and management of security tokens.

This set standard is what we have today as ERC1400, referred to as “The Security Token Standard”.

Polymath allows security tokens to be created and managed directly on its platform. Polymath has helped companies tokenize their asset, and over 130 security tokens have been issued using Polymath technology.

Is Polymath Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

• Do you think Polymath is scam?
• How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Polymath on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

Disclaimer

This Polymath Review Article isn’t aimed at defaming Polymath nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Polymath review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

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Passivecash.io is one of the investing programs working through mining crypto coins in order to have profit for their investors as well as themselves.They are working with Bitcoin, Etherium, Bitcoin-Cash, Litecoin, PerfectMoney as their payment systems. passivecash.io review has more details about this program for you.

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

Passivecash.io Review

passivecash.io is one of the investing programs working through mining crypto coins in order to have profit for their investors as well as themselves.They are working with Bitcoin, Etherium, Bitcoin-Cash, Litecoin, PerfectMoney as their payment systems. passivecash.io review has more details about this program for you.

Passivecash.io Investment

• 144% after 30 days (0.2% in hour)

• Minimum : 3 $ – Maximum: 15000 $

Is Passivecash.io Legit 

Look around the website. It makes deceptive statements such as our passivecash.io team is specialized in this and that. But it’s funny that not even one member of the team was mentioned.

Ponzi platforms try to claim to be actual businesses without providing any explanation. Passivecash.io is no different. It claims to invest in Defi. Defi means decentralized finance and it’s an awesome application of blockchain technology. But come on, we all know that’s not what passive cash does. And how you know is simple. It does not explain what Defi platforms it invests in. 

Passivecash.io says in “…12 months, we have made a profit of over 2000%.” In 12 months? Wait a minute. Has this platform been around for 12 months? 

The platform was just launched on March 9, 2021. Isn’t that less than 2 months ago? So what’re the 12 months they’re talking about? Oh my gosh, I’m done with this people? I can’t say anything more.

Information about a website’s domain name that shows when a domain name was bought and for how long is usually public for most companies since it’s not sensitive information. But understandably scam platforms like passivecash.io take steps to hide theirs.

Is Passivecash.io Scam

Just before I conclude this review, let me mention something funny I found in the faq section of the website. One of the answers reassured users that hackers will never have access to user funds on the platform. Lol… Someone tell passivecash.io that no one is worried about losing funds to an external hacker. 

We are more concerned with the enemy within which is passivecash.io management themselves who can do whatever they want with your funds without the stress of hacking. What happens when they eventually pull an exit scam considering we don’t have the identities of its founders.

Disclaimer

This Passivecash.io Review Article isn’t aimed at defaming Passivecash.io nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Passivecash.io review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

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