Crypto regulation appears to be imminent in Zambia, but the reality is it is happening right around the world. Both Aptos (APT) and Binance USD (BUSD) have so far reacted negatively to the increasing amount of crypto regulation, but the unique decentralized features offered by TMS Network (TMSN) has seen it rise above it all. What’s more, TMS Network (TMSN) has generated a lot of hype around the second phase of its presale after already raising over $4.0 million. Let’s take a closer look.
TMS Network (TMSN)
TMS Network (TMSN) is a new type of derivatives-based, decentralized exchange that gives traders a uniquely user-friendly option for trading any kind of asset (not just crypto) in a non-custodial manner. TMS Network (TMSN) has many advanced features and tools usually associated with regulated, centralized exchanges such as trading signals and portfolio management applications.
TMS Network (TMSN) runs on the Ethereum blockchain, and its token is based on the ERC-20 standard. By using smart contracts on the Ethereum blockchain, TMS Network (TMSN) removes the need for central intermediaries, allowing traders to hold their funds in a much more secure way.
TMS Network’s (TMSN) use of Ethereum (ETH) also enables extremely high levels of transparency and security. What’s more, TMS Network (TMSN) is highly scalable, ensuring that it can support high volumes of trades and transactions.
There’s no doubt that TMS Network (TMSN) is transforming the crypto industry and that’s why traders are so keen to invest during the early presale phases.
Aptos (APT), a blockchain platform that aims to enable decentralized applications and smart contracts, saw its native token Aptos (APT) surge by 7.4% in less than a minute on Friday, April 14, 2023. The sudden spike was triggered by a tweet from Twitter CEO Elon Musk, who wrote “AI APT OTT!”.
However, the tweet was not intended to endorse Aptos (APT) or its token. Rather, it was an acronym for Advanced Persistent Threats, a term used to describe cyberattacks that persist over a long period of time and evade detection. Musk quickly deleted the tweet and Aptos (APT) soon retraced its gains.
Aptos (APT) is still up by 8.2% over the past 24 hours, along with many other altcoins that have benefited from Ethereum’s successful Shanghai upgrade. The upgrade improved Ethereum’s scalability and security, and reduced its gas fees. Aptos (APT) has risen by more than 89% since its launch in October 2022.
Binance USD (BUSD)
Binance USD (BUSD) is backed by the U.S. dollar and issued by Binance in partnership with Paxos. It is regulated by the New York State Department of Financial Services and aims to provide a stable and secure medium of exchange for Binance USD (BUSD) users. Binance USD (BUSD) is available on multiple blockchains, such as Ethereum, Binance Chain, Polygon, and Avalanche.
However, Binance USD (BUSD) has recently faced a decline in its market capitalization, which dropped to $6.68 billion as of April 17, 2023. This is the lowest level for Binance USD (BUSD) since April 2021, according to CoinMarketCap. The reason for this dip could be the increasing competition from other stablecoins, which have gained more popularity and adoption in the crypto space. Binance USD (BUSD) has also recently come under more regulatory scrutiny.
While Binance USD (BUSD) can offer stability in times of price volatility, Aptos (APT) faces an uphill battle in terms of competing with the more established layer-one blockchains. TMS Network (TMSN) is likely the best of these three for 2023, as there is simply too much hype already built around its token presale.
Find out more about the TMS Network (TMSN) presale below:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.