Have you been keeping up with the crypto market this quarter? If so, you may have noticed something new: increased interest in utility tokens.
Transitioning away from a focus on price volatility, experts and investors alike are now putting their money into projects that offer tangible value propositions, instead.
In this blog, we will give a quick rundown on three of the standout utility tokens on the market right now: TMS Network (TMSN), Cocos-BCX (COCOS), and The Sandbox (SAND).
Right now, TMS Network (Network) stands out among the trio, currently being in its first phase of pre-sale and having raised $ 2 million in its private seed sale held by an incubator fund. But let’s find out more.
TMS Network (TMSN) is a decentralized platform built using Ethereum, a “trading platform for traders”.
TMS Network (TMSN) functions differently from traditional trading in that it gets rid of the need for centralized middlemen. How? Using decentralized technology, which lets any trader make trades on their terms while keeping their assets secure.
TMS Network (TMSN) also aims to fix many of the problems faced by the trading market- not least price inconsistency, high trading costs, price manipulation, transaction delays, and the perils of insufficient trading experience.
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And TMS Network (TMSN) also provides help to the traders to solve other problems they face. These include educational resources and tools- including training videos, webinars, and guides- to help them develop their knowledge so they can make informed decisions when it comes to executing trades.
Cocos-BCX (COCOS)
Cocos-BCX (COCOS) is designed to be a comprehensive blockchain game development platform. The two main features it offers are a multi-chain system for game asset development and an interactive public chain for in-game asset trading.
This gives blockchain developers the tools and resources they need to create new and innovative blockchain games without having to start from scratch.
The recent strategic partnership with NodeReal( a Web3 infrastructure provider) could mean that Cocos-BSX (COCOS) will be able to provide robust scalability and low-cost infrastructure for Web3 games.
Furthermore, the platform has announced the launch of Testnet and Mainnet in March and July of 2023. All of this only means that COCOS-BCX (COCOS) is expected to get a big surge in utility.
Sandbox (SAND)
The Sandbox (SAND) is not only a game universe but also a platform for developers to create their own experiences and monetize them through the SAND token. There are three core elements to this platform: 1) Create, 2) Play and 3) Monetize.
Create
With a user-friendly game maker, users of all skill levels can create their own games without any coding knowledge.
Play
The Sandbox allows gamers to explore many different gaming worlds with fully functioning economies and even run businesses in them.
Monetize
Players of The Sandbox (SAND) will have the opportunity to monetize their gaming experience by selling in-game items and game assets for SAND tokens.
Conclusion
Out of the three, though, TMS Network (TMSN) is probably your best bet. It has the highest utility-to-price ratio, and its blockchain technology is the most advanced and efficient. Its platform also offers more use cases than the other two coins, and it has more potential to increase in value over time.
No matter which coin you decide to invest in, make sure you do your research and understand all of the risks associated. But if you’re looking for a high-utility crypto that has a lot of potential for long-term growth, then investing in TMS Network (TMSN) looks a wise play.
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Source: https://thecryptobasic.com/2023/03/13/the-rise-of-utility-in-cryptos-tms-network-tmsn-cocos-bcx-cocos-and-the-sandbox-sand-take-the-lead-in-q2/?utm_source=rss&utm_medium=rss&utm_campaign=the-rise-of-utility-in-cryptos-tms-network-tmsn-cocos-bcx-cocos-and-the-sandbox-sand-take-the-lead-in-q2