As the cryptocurrency market faces another bout of turbulence, TMS Network (TMSN) is proving its resilience after having raised more than $4 million. TMS Network’s (TMSN) success comes as two other high-profile projects, Polkadot (DOT) and Tron (TRX), face challenges. Polkadot (DOT) is currently struggling with “Polkadot Converse,” while Tron (TRX) founder, Justin Sun, has been summoned over SEC charges. Despite market volatility, TMS Network (TMSN) continues to demonstrate stability and growth in the industry.
Polkadot (DOT) Registers “Polkadot Converse” Blockchain Communication Platform
Polkadot (DOT), the self-labeled “layer 0 blockchain,” has registered a trademark for a messaging app called “Polkadot Converse.” As the messaging app market is already saturated, Polkadot’s (DOT) entry into the space is unlikely to make much of an impact. Social media and instant messaging have never taken off within the Web3 industry, despite attempts from Steemit, Tether’s Keet, and Nostr.
Polkadot’s (DOT) decision to venture into social networking is a diversion from its core goals. This recent trademark filing covers software for social networking, creating and managing online communities, and sending and receiving electronic messages. This suggests Polkadot (DOT) is more interested in keeping up with the competition than developing its own technology. Polkadot (DOT) is trading at $6.7. With a market cap of $7.9 billion, Polkadot’s (DOT) resources would be better spent focusing on its primary mission of creating a scalable, interoperable blockchain network. Overall, this is a disappointing development for the Polkadot (DOT) community.
Tron (TRX) Founder Summoned by U.S. Court Over SEC Charges
The former CEO of Tron (TRX), Justin Sun, has been summoned by a U.S. district court over charges filed by the U.S. Securities and Exchange Commission (SEC). The charges relate to allegations that Sun traded Tron (TRX) without registering them as securities. Sun is also accused of paying celebrities such as Lindsay Lohan and Austin Malone to endorse his crypto assets and products including Tron (TRX). Tron’s (TRX) price stands at an abysmal $0.06 with a 24-hour trading volume of just $169 million. This development is unlikely to help Tron’s (TRX) struggling market position.
Sun must respond to the summons within 21 days of receiving it, or face a default judgment. Despite posting a cryptic tweet around the time of the summons, Sun has not explicitly commented on the charges. This is the latest blow to Tron (TRX), which has struggled to make a mark in the highly competitive cryptocurrency market.
TMS Network (TMSN) Stands Strong in the Face of Market Volatility
TMS Network (TMSN) decentralized trading platform aims to provide a secure, efficient, and user-friendly option for traders, and also promote financial literacy and education. The platform offers a range of educational resources, including tutorials, videos, and articles, designed to help traders make informed decisions and reduce the risk of losses. The ongoing third presale, with over 40% of tokens already subscribed, has resulted in TMS Network (TMSN) raising over $4 million. TMS Network (TMSN) is trading at $0.08, and has cemented its position as a leading cryptocurrency option. TMS Network’s (TMSN) dedication to financial literacy and education sets it apart as a platform that prioritizes the long-term success and empowerment of its users, beyond just providing a trading option. By promoting education, TMS Network (TMSN) is helping to create a more informed and confident community of traders, which ultimately benefits both the individuals, and the market as a whole.
Conclusion
As the cryptocurrency industry continues to evolve, TMS Network’s (TMSN) fundraising success and stability suggest that it may be a project to watch. While Polkadot (DOT) and Tron (TRX) navigate their respective challenges, TMS Network (TMSN) solid performance could position the project for future growth.
Learn more about this protocol here;
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
