One of the major memes in the crypto market that has developed over the past few years is the need to operate on multiple blockchains because it’s unclear which chains will stand the test of time. For example, Chainlink (LINK) and Quant (QNT) both aim to provide their services on as many different crypto networks as possible. Bucking this trend, TMS Network (TMSN) has been able to raise more than $4.0 million, while still only in the second phase of its token presale.
TMS Network (TMSN)
The basic idea with TMS Network (TMSN) is to create an all-in-one trading platform on top of the Ethereum (ETH) blockchain. Since it is a decentralized derivatives exchange, there is not much need for it to operate across multiple chains like Chainlink (LINK) and Quant (QNT). This is because the use of derivatives based on crypto collateral effectively enables any asset, whether it be a cryptocurrency or a traditional equity, to exist on TMS Network (TMSN) for trading purposes.
In terms of the TMS Network (TMSN) token specifically, holders of the token are able to earn commissions and revenue based on the amount of the token they hold in their crypto wallets. In other words, TMS Network (TMSN) token holders have true ownership over a proportional share of the entire TMS Network (TMSN) platform.
From a user perspective, TMS Network (TMSN) is extremely useful because it exists as a group of smart contracts on Ethereum (ETH) without any direct connection to the traditional financial system. The sign-up process for TMS Network (TMSN) is as simple as connecting a crypto wallet to the decentralized application.
Chainlink (LINK)
Chainlink (LINK) Labs and PwC Germany have announced a strategic joint business relationship to accelerate enterprise blockchain adoption. The two companies will collaborate to offer solutions for enterprises that want to leverage blockchain technology and smart contracts for various use cases.
The joint business relationship will leverage Chainlink (LINK)’s expertise in building secure and reliable oracle networks and PwC Germany’s experience in advising clients on blockchain strategy, governance, risk management, and compliance. The partnership with Chainlink (LINK) aims to help enterprises overcome the challenges of integrating blockchain technology with existing IT infrastructure and regulatory frameworks.
While Chainlink (LINK) has garnered plenty of attention among crypto traders, it is unclear what value a decentralized oracle network can provide in a traditional, enterprise setting. This appears to be the sort of announcement that is released by Chainlink (LINK) to build hype more than anything else.
Quant (QNT)
Quant (QNT), a blockchain interoperability platform, has seen some of the largest whale transactions in the crypto space this year. According to data from Whale Alert, a service that tracks large cryptocurrency transfers, Quant (QNT) has witnessed over 20 transactions of more than 10,000 Quant (QNT) tokens, worth over $2 million each at current prices, since January 2021.
One of the most recent whale transactions occurred on December 9, when an unknown wallet sent 10,000 Quant (QNT), worth about $2.4 million, to another unknown wallet.
Quant (QNT) aims to connect different blockchains and enable seamless data and value exchange across various networks. The platform uses its native token, Quant (QNT), to access its services and pay for network fees. Quant (QNT )also serves as a governance token, allowing holders to vote on network upgrades and changes.
Looking further out into later 2023, it will be interesting to see if the trend around building protocols for a variety of blockchain networks, as Quant (QNT) and Chainlink (LINK) have done, will continue. As Ethereum (ETH) continues to scale, it’s possible that TMS Network (TMSN)’s approach of building on a single, strong foundation will win in the end.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
