TMS Network breaking market ceiling, destroying Filecoin and Uniswap

Filecoin (FIL) and Uniswap (UNI) have been touted by some of the largest venture capitalist firms in Silicon Valley in the past. Still, these crypto assets have lost their appeal as TMS Network’s token presale is now getting all the attention. TMS Network (TMSN) is currently in its fourth presale phase; however, it’s already raised more than $6 million in funding.

TMS Network (TMSN)

While a few decentralized exchanges (DEXs) exist on blockchain platforms like Ethereum, none operate in the same manner as TMS Network. With TMS Network (TMSN), users will have the unique opportunity to move beyond the crypto space and trade in other types of assets, as TMS Network functions as a derivative-based exchange.

Through derivatives trading, TMS Network (TMSN) users can trade anything from traditional stocks to precious metals while retaining full custody over their crypto held in various TMS Network smart contracts. Additionally, TMS Network will have all the advanced tools normally found on more traditional centralized exchanges, such as social trading and bot automation.

Additionally, anyone new to trading crypto will find TMS Network’s (TMSN) platform an extremely valuable educational resource, as it will be filled with webinars, training guides, and other tools for new TMS Network traders.

TMS Network

Filecoin (FIL)

The U.S. regulator of securities has informed Grayscale Investments that Filecoin’s (FIL) token is a security under federal law. Grayscale is a major crypto investment firm offering a Filecoin (FIL) Trust product, which lets investors indirectly access Filecoin. The firm filed a Form 10 application with the SEC in April 2021 to upgrade its Filecoin Trust to a public company reporting quarterly financial activity.

However, the SEC sent a comment letter to Grayscale on May 16, 2023, asking the firm to withdraw its application because Filecoin (FIL) meets the definition of security and is not registered with the SEC. Grayscale disagreed with the SEC’s view and said it would respond with a legal basis for its position.

Filecoin is a decentralized platform for data storage, where users pay in FIL to store their data with providers who earn FIL for their services. Filecoin was launched in 2014 by Protocol Labs, a tech company based in California. Protocol Labs said that Filecoin (FIL) is not a security and that many U.S. policymakers have publicly stated the same. The SEC’s decision on Filecoin is part of its ongoing crackdown on crypto products and exchanges in the U.S.

Uniswap (UNI)

A recent scam targeting Uniswap (UNI) users has been exposed by Uniswap’s (UNI) creator, Hayden Adams. The scam involved creating a fake Uniswap website that looked similar to the official one but with a different domain name. The website also contained links to the real Uniswap app to make it seem more legitimate.

The scammers also produced a fake video presentation that featured people pretending to be Uniswap executives, such as the CEO. The video claimed to be the “first Uniswap (UNI) Asian Summit” and promoted the UNI token, the native cryptocurrency of Uniswap. However, Adams clarified that he had no idea who those people were and that neither Uniswap nor its foundation had any affiliation with the video or the website.

Both Filecoin (FIL) and Uniswap (UNI) are facing pressure from regulators in terms of their potential definitions as securities; however, TMS Network (TMSN) is taking an upfront approach in terms of legal compliance. Building a strong compliant base from the start makes the ongoing TMSN token presale an attractive opportunity.






Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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