As the market rally continues, investors are scouring the market to capitalize on the move. This is despite fears of a banking crisis in the US. Projects like Shiba Inu (SHIB) and Dogecoin (DOGE) are well-known among market participants. However, a new project is coming to investors’ attention. TMS Network (TMSN) is a new Ethereum-based decentralized exchange. And it’s making waves, having already raised over $2.5 million in presale.
TMS Network (TMSN)
TMS Network is a new Ethereum-based DEX set to revolutionize how traders operate on-chain. Boasting a plethora of functionality not seen on other DEXs, TMS Network is being built for traders, by traders. Offering various asset classes from crypto to FOREX, CFDs to stocks, traders from all backgrounds will feel at home on the TMS Network platform.
Holding the TMSN token entitles traders to use various additional tools to maximize their edge. An in-house research station, customizable trading bots, on-chain data, and social trading, among others, are included. The TMS Network platform offers a robust, secure, and comprehensive trading experience on the Ethereum blockchain.
TMSN has been performing well in presale, up around 1400% since phase one. As the market rallies, investors look for new opportunities. And TMS Network has their attention.
But how does TMS Network (TMSN) compare to other projects?
Dogecoin is one of the better-known projects within the crypto market. As such, it has been a go-to for those seeking to capitalize on the recent market run. However, DOGE is a meme coin with few use cases. Despite support from the likes of Elon Musk, Dogecoin is more of a cultural phenomenon. Its value is derived from its popularity and status.
Compare the inherent lack of utility of Dogecoin to TMS Network, which offers holders a share in the commission fees generated by the protocol. Paired with the product offered by the TMS Network platform, it’s clear why investors have been flocking to participate in the presale.
Shiba Inu (SHIB)
Another meme coin and labeled a “Dogecoin killer,” Shiba Inu is another cryptocurrency that has benefited from the recent rally. Up over 40% this year, Shiba Inu benefits from its popularity. But just like its “big brother,” Dogecoin, Shiba Inu suffers from a lack of utility.
There have been attempts to make Shiba Inu more useful by creating a new ecosystem called Shibarium. However, delays and some rumors that the Shibarium code may have been copied have left a sour taste for some Shiba Inu (SHIB) investors. So, Shiba Inu remains a meme for the foreseeable future.
Shiba Inu and Dogecoin are popular but lack utility. The DEX experience offered by TMS Network is leagues beyond competitor DEXs, in terms of scope. Investors are paying attention, and the success of phase one of the presale proves it.
The below links for more information about TMS Network (TMSN):-