TMS Network (TMSN) has grown tremendously in its presale and is now on track to outperform Polygon (MATIC), and Solana (SOL), which have failed to impress.
Polygon (MATIC) and Solana (SOL) Dominance To be disrupted
Polygon (MATIC) and Solana (SOL) are two of the most prominent and successful projects in the crypto space. They are especially prominent in decentralized finance (DeFi) and scalability. Both projects aim to provide faster, cheaper, and more secure transactions for users and developers on the blockchain.
Polygon (MATIC) is a layer-2 scaling solution that enables Ethereum-compatible applications to run on its network with lower fees and higher throughput. Polygon uses a hybrid approach that combines proof-of-stake consensus, sidechains, plasma, zk-rollups, and other technologies to achieve scalability. Polygon also provides a framework for creating bespoke blockchains that can communicate with one another and with Ethereum.
Solana (SOL) is a strong blockchain that promises to be the world's quickest layer-1 platform. Solana (SOL) claims it can handle more than 50,000 transactions per second and has an average block time of 400 milliseconds. Solana uses a novel consensus mechanism called proof-of-history, which leverages a verifiable delay function to create a cryptographic timestamp for each transaction. Solana also supports smart contracts, DeFi applications, NFTs, and other features.
Polygon and Solana, despite their impressive track records, are not immune to challenges that could disrupt their dominance in the market. One key challenge they face is intense competition from other scaling solutions and smart contract platforms. Rivals such as Optimism, Arbitrum, Avalanche, Cardano, Polkadot, and Binance Smart Chain are all vying for a market share.
Moreover, technical issues and security breaches affect both Polygon and Solana. Bugs, hacks, exploits, outages, and attacks have in the past compromised their networks or applications, undermining user confidence and adoption. Additionally, the regulatory landscape introduces uncertainties and risks that could impact their operations and compliance. Both Solana (SOL) and Polygon (MATIC) were recently grouped as securities by the SEC in a lawsuit against Coinbase. The effects are already being seen as both tokens begin to experience price drops.
TMS Network’s Potential to Outshine Polygon and Solana
TMS Network (TMSN) is a decentralized trading platform that aims to provide an efficient, transparent, and secure way of trading digital assets. TMS Token powers the network to settle instant trades and transactions on the platform.
TMS Network presents a range of compelling features and advantages for traders that may position it as a strong competitor to Polygon and Solana. Firstly, TMS Network enables multi-asset trading, granting traders access to an extensive selection of asset classes, including 500+ cryptocurrencies, equities, forex, CFDs, and more. This broadens the trading opportunities and diversification potential for users.
The platform also supports trading automation through trading bots and a robust back tester, empowering traders to automate their strategies and optimize their performance. This automation saves time and effort while improving profitability.
Additionally, TMS Token holders hold voting rights, directly influencing the platform's development and direction. This participatory model ensures that the platform evolves based on the needs and preferences of its user community.
Lastly, TMSN Token holders benefit from commission revenue sharing, earning a commission based on the trading volume across TMS Network. This incentivizes token holders to support the platform's growth while offering a passive income stream.
The TMSN token is available for purchase in the platform’s ongoing presale. The presale has raised more than $6 million and is now nearing official launch. TMS Network (TMSN) will be launched on Uniswap on July 28, 2023. Launching on Uniswap will allow TMS Network (TMSN) more exposure and liquidity. This will in turn boost the platform’s commission revenue sharing model. The higher the liquidity, the higher the commission per token holder.
For more information on TMSN Network (TMSN):
Presale: https://presale.tmsnetwork.io/
Website: https://tmsnetwork.io/
Telegram: https://t.me/tmsnetworkio
Twitter: https://twitter.com/tmsnetwork_io