Regulators in France are considering introducing a fast-track system to MiCA allowing registered crypto firms to receive quick approval under new EU-wide rules. MiCA rules are expected to take effect in July 2023, allowing companies to take advantage of fast-track modular licensing capabilities under tougher new crypto regulations introduced following the FTX collapse in 2022.
Meanwhile, blockchain trading platform TMS Network (TMSN) is showcasing its potential during its presale event leading to analysts predicting that it now has a growing advantage over established platforms such as Solana (SOL) and XRP (XRP) in the crypto space. Here’s why.
Solana (SOL)
Solana (SOL) is a layer-2 blockchain provider and decentralized finance (DeFi) project that enables developers to build cost-effective, scalable, and fast blockchain solutions. Since launching in March 2020, Solana (SOL) gained tremendous traction during the 2021 bull market, surging from $1 to an all-time high (ATH) of $259.96 in November of that year.
Solana (SOL) uses a hybrid consensus mechanism to approve smart contracts combining proof-of-history (PoH) with the more widely-used proof-of-stake (PoS) protocols to ensure rapid block finality. The result is that Solana (SOL) is now a popular choice with small crypto start-ups and large whale organizations, thanks to its low fees, excellent scalability, and quick transaction speeds.
Since achieving its ATH, Solana (SOL) has undergone a massive drop in value, dipping to $9.98 at the start of 2023. Although there has been some recovery this year to $20.87, it remains more than 90% lower than its ATH.
Ripple (XRP)
Ripple (XRP) is a DeFi platform that enables sustainable microtransactions, allowing small units of wealth to be transferred without needing to pay exorbitant transfer fees. Seen by some large global financial institutions as a worthy challenger to the SWIFT cross-border payment system, Ripple (XRP) has supporters in high places.
However, Ripple (XRP)’s progress was checked when the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple (XRP) for alleged securities violations. With the case’s decision still pending, investors are apprehensive as the lawsuit could have seismic implications for the entire crypto sector.
Although the likes of Santander and the Bank of England remain in Ripple (XRP)’s corner, the lawsuit is helping TMS Network (TMSN) lead the charge of blockchain innovation across the entire sector.
TMS Network (TMSN)
TMS Network (TMSN) is a pioneering Web-3 social trading suite designed to resolve the challenges existing online trading platforms face. Rather than using different trading tools for each digital asset class, TMS Network (TMSN) employs STP functionality that enables transfers electronically of all transactions without manual intervention. This allows all digital trading classes, such as stocks, CFDs, futures, and crypto, to be accurately, transparently, and fairly traded.
TMS Network (TMSN) provides outstanding scalability alongside cross-chain interoperability, resulting in quicker and cheaper transactions. The platform also uses helpful trading bots and a strategy-building tool to help remove the emotional turmoil of trading and enhance profitable decision-making.
The project recently received an offshore license in Bermuda, allowing it to take advantage of listing on offshore exchanges once the presale event ends and the token goes live.
TMS Network (TMSN) is currently trading at $0.088, a massive 1700% increase in value from its launch price of $0.0047, with $5.6 million already raised. This market value is expected to rise by more than 100x once it’s listed on crypto exchanges.
Conclusion
In summary, TMS Network (TMSN) is positioning itself to take advantage of the investor thirst for crypto innovation and looks well-set to succeed. Its innovative Web3-based social trading suite could have a pioneering impact on the entire crypto market, offering a brand-new level of trading capability to all types of traders.
For more information on the TMS Network (TMSN) presale, follow the links below:
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
