Dogecoin (DOGE) and XRP have been in the headlines lately, which led to a large amount of price volatility for both of these crypto assets, but now TMS Network (TMSN) is taking center stage. TMS Network is only in the second phase of its token presale, but it has already raised more than $4 million, which turned heads and made the rest of the crypto market take notice.
TMS Network (TMSN)
TMS Network is still in its early stages of development, as you would expect from a project during its token presale, but it has big goals when it comes to creating a single, all-in-one trading platform that both crypto experts and mainstream traders can use. While it’s a decentralized exchange (DEX), it is unique because it focuses on derivatives offerings that effectively allow users to trade any real-world asset besides traditional crypto assets.
While most DEXs tend to be cumbersome and difficult for the average person to understand, TMS Network (TMSN) has decided to turn this assumption on its head and create a user-friendly DEX that people can use who are familiar with the simplicity of a centralized exchange. The ease of use with TMS Network starts with the sign-up process, as there isn’t one. Users will simply log into it with their existing crypto wallets.
TMS Network (TMSN) will also operate on a decentralized basis through its proprietary token, which will be used to grant exclusive access to deep research and devoted customer care and as a reward mechanism to share profits earned by the trading platform.
Dogecoin (DOGE)
Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its humorous origin, Dogecoin (DOGE) has attracted a loyal fan base and a vibrant online community that supports various charitable causes and projects.
One of the questions that many people have about Dogecoin is how it is related to Bitcoin, the most well-known and valuable cryptocurrency. Dogecoin creator Billy Markus revealed the answer in a recent tweet. He said that Dogecoin is based on an early version of Bitcoin’s code but with some modifications and additions.
For example, Dogecoin (DOGE) has a faster block time (one minute versus 10 minutes for Bitcoin), a larger supply (unlimited versus 21 million for Bitcoin), and a different mining algorithm (Scrypt versus SHA-256 for Bitcoin).
XRP
XRP, a blockchain company that provides cross-border payment solutions, has recently announced a new product called Liquidity Hub. This product is designed to help businesses access and manage their crypto liquidity needs more easily and efficiently.
However, one notable digital asset missing from Liquidity Hub’s list of supported assets is XRP, Ripple’s native token. XRP explained that it decided to exclude XRP from Liquidity Hub until it has regulatory clarity from the SEC.
The company said it would evaluate XRP and other tokens once the legal case is resolved. This decision has caused some concern and confusion among XRP holders, who wonder if Ripple is losing confidence in its token or if it has some insider information about an adverse outcome in the lawsuit.
Conclusion
Some crypto assets like Dogecoin (DOGE) and XRP have spurious reasons for existing, as the former is a Bitcoin clone, and the latter may not even be able to use its own token for legal reasons. Meanwhile, TMS Network (TMSN) is the best investment of the three because it is focused on building a simple, useful, all-in-one trading platform for traders of all skill levels.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Source: https://www.cryptonewsz.com/tms-network-outpaces-dogecoin-and-xrp-with-unbelievable-revenue-spike/