As TMS Network (TMSN) Garners $4 Million In Funding, Cardano (ADA) And XRP (XRP) Strive To Catch Up In The Fierce Crypto Competition | UseTheBitcoin
The competition in the crypto markets was rather tame during the downcycle after the pop of the short-term bubble in 2022, but now things are starting to heat up again during the second phase of TMS Network’s...
The competition in the crypto markets was rather tame during the downcycle after the pop of the short-term bubble in 2022, but now things are starting to heat up again during the second phase of TMS Network’s (TMSN) token presale. After raising more than $4 million for the development of TMS Network (TMSN) already, Cardano (ADA) and XRP (XRP) are having a hard time keeping up with this new direction crypto has taken.
TMS Network (TMSN)
TMS Network (TMSN) is generating a lot of hype in the Ethereum (ETH) and decentralized finance (DeFi) communities due to its focus on ease of use and bringing this financial technology to the masses. There are a number of crypto exchanges that already offer non-custodial services, but TMS Network (TMSN) may be the first one to enable this functionality in a way that can expand the total crypto userbase.
In terms of added functionality and features offered by TMS Network (TMSN) that are not found with other decentralized exchanges (DEXs), most people point to the sorts of features that are usually found on major centralized exchanges such as social trading and advanced portfolio management. Additionally, TMS Network (TMSN) has made it a point to enable better risk management for DeFi traders.
Of course, all of this is made possible by the TMS Network (TMSN) token, which is being sold to generate funding for the development of the platform and will also reward holders with profits from the exchange.
Cardano (ADA), a proof-of-stake blockchain platform that aims to enable positive global change, has been experiencing a downward trend in its price since reaching its all-time high of $3.0992 in September 2021. However, Cardano (ADA) has not slowed down its development and innovation.
According to a recent blog post by IOHK, the research and development company behind Cardano (ADA), the platform achieved several milestones in 2022, such as launching smart contracts, enabling decentralized applications, and integrating with various partners and platforms. The post also outlined the roadmap for 2023, which includes enhancing scalability, interoperability, and governance of the Cardano (ADA) network.
The blog post also highlighted the social impact and sustainability goals of Cardano (ADA), which are aligned with the United Nations’ Sustainable Development Goals. Some of the initiatives that Cardano (ADA) supports include providing digital identity solutions for the unbanked and empowering local communities with blockchain education.
Ripple, the company behind the XRP (XRP) cryptocurrency, has been selling more XRP (XRP) than it buys, according to a Forbes report. The report claims that Ripple’s main source of revenue is selling XRP (XRP), which it does in connection with its On-Demand Liquidity (ODL) product, a short-term credit solution that uses XRP (XRP) for cross-border payments.
However, the report also questions the adoption and growth of ODL, citing financial records from Tranglo, Ripple’s Asian partner and a major user of ODL. The records show that only 8 out of 91 remittance customers of Tranglo use XRP (XRP), and that most of the XRP-driven (XRP) revenue comes from a related entity that has a stake in Tranglo.
According to Ripple CTO David Schwartz, Ripple’s hands are tied when it comes to their XRP (XRP) holdings, and over the long term, it would be better if Ripple held less XRP (XRP). Ripple currently holds about 3.7% of the circulating supply of XRP (XRP), according to CoinCarp.
A key benefit that TMS Network (TMSN) has over crypto networks like Cardano (ADA) and XRP (XRP) is that TMS Network’s (TMSN) dedication to helping its users make the most profitable trades imaginable. Interested investors should buy tokens as early as possible in order to get in on the lowest price. Tokens are currently selling for $0.085 in stage 2 of TMS Network’s (TMSN) presale event.
To found out more about TMS Network (TMSN), follow the links below.
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