{"id":157883,"date":"2021-05-10T17:20:01","date_gmt":"2021-05-10T11:50:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=157883"},"modified":"2021-05-10T17:20:01","modified_gmt":"2021-05-10T11:50:01","slug":"introducing-initial-staking-nft-offering-isno-and-its-first-project","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/introducing-initial-staking-nft-offering-isno-and-its-first-project\/","title":{"rendered":"Introducing Initial Staking NFT Offering, ISNO and its first project"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When J.R. Willett unveiled \u201cThe Second Bitcoin White Paper\u201d &#8211; 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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 fundraising mechanisms were born &#8211; STO, IEO, and IDO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SEC-approved benefit of Security Token Offering, STO, makes it attractive for projects to launch an ICO without legal ramifications. 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the innovation of crypto crowdfunding does not stop here. A crypto project called <\/span><a href=\"https:\/\/www.torum.com\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Torum<\/span><\/a><span style=\"font-weight: 400;\"> has created a modified version of INO with DeFi-infused elements for its upcoming public sale and named it Initial Staking NFT Offering, ISNO.<\/span><\/p>\n<h3><b>What is Initial Staking NFT Offering?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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, integrated equipment in a gaming platform, or even the farming reward multiplier that is proposed by Torum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<h3><b>The project behind ISNO<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yi Feng Go, CEO of Torum says:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cAs I was researching DeFi and NFT, I couldn\u2019t 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.\u201d<\/span><\/i><\/p>\n<h3><b>The world\u2019s first ISNO event<\/b><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-157887\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/isno.jpg\" alt=\"\" width=\"1178\" height=\"528\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/isno.jpg 1178w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/isno-300x134.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/isno-1024x459.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/05\/isno-768x344.jpg 768w\" sizes=\"(max-width: 1178px) 100vw, 1178px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The Torum\u2019s 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Organized on <\/span><a href=\"https:\/\/defi.torum.com\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Torum Finance<\/span><\/a><span style=\"font-weight: 400;\">, 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Released at 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\u2019s ISNO event will once again spur a new wave of blockchain innovations.<\/span><\/p>\n<h3><b>About Torum<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Torum is the first DeFi and NFT-infused social media platform that is specially designed for cryptocurrency users. <\/span><span style=\"font-weight: 400;\">Backed by over 18 prominent strategic investors<\/span><span style=\"font-weight: 400;\"> 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the future, Torum strives to become the largest crypto ecosystem that connects the general public to the crypto space.<\/span><\/p>\n<p><a href=\"https:\/\/www.torum.com\/\"><b>Website<\/b><\/a><b> | <\/b><a href=\"https:\/\/twitter.com\/torum_official\"><b>Twitter<\/b><\/a><b> | <\/b><a href=\"https:\/\/t.me\/torum_official_group_en\"><b>Telegram<\/b><\/a><b> | <\/b><a href=\"https:\/\/medium.com\/torum-official\"><b>Medium<\/b><\/a><b> | <\/b><a href=\"https:\/\/www.facebook.com\/torum.official\"><b>Facebook<\/b><\/a><b> | <\/b><a href=\"https:\/\/www.linkedin.com\/company\/torum\"><b>LinkedIn<\/b><\/a><b> | <\/b><a href=\"https:\/\/www.reddit.com\/r\/torumtech\"><b>Reddit<\/b><\/a><b> | <\/b><a href=\"https:\/\/www.instagram.com\/torum.official\"><b>Instagram<\/b><\/a><b> | <\/b><a href=\"https:\/\/discord.gg\/zNws6Cn\"><b>Discord<\/b><\/a><\/p>\n<p><strong>Disclaimer: This is a paid post and should not be treated as news\/advice.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When J.R. Willett unveiled \u201cThe Second Bitcoin White Paper\u201d &#8211; 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<a href=\"https:\/\/ambcrypto.com\/introducing-initial-staking-nft-offering-isno-and-its-first-project\/\">Continue reading <span class=\"sr-only\">&#8220;Introducing Initial Staking NFT Offering, ISNO and its first project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":39,"featured_media":157886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[18,2],"tags":[],"class_list":["post-157883","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hide-cryptopanic","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Introducing Initial Staking NFT Offering, ISNO and its first project - AMBCrypto<\/title>\n<meta name=\"description\" content=\"When J.R. 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