Many central banks around the world are looking into the possibility of issuing a central bank digital currency (CBDC), and Hong Kong is the latest jurisdiction to make their digital currency intentions known. This news has been a boon for Conflux (CFX), NEO (NEO), and the rest of the crypto market. However, TMS Network (TMSN) is seeing much larger price growth in the second phase of its token presale with over 1700% gains already in the books.
TMS Network (TMSN)
While most people view the non-custodial nature of decentralized exchanges (DEXs) as their most important value proposition, TMS Network (TMSN) wants to go above and beyond this basic feature. For example, the fact that TMS Network (TMSN) is built on top of Ethereum (ETH) through a variety of smart contracts means that it can also innovate when it comes to transparency. With everything happening on the blockchain, there is no way for TMS Network (TMSN) to cheat their users.
As past cases such as FTX have shown, there are a lot of shady activities that can occur behind the scenes at traditional crypto exchanges. With TMS Network (TMSN), users are able to know that they’re getting a fair price for any asset they purchase. Additionally, the fact that TMS Network (TMSN) is based on derivatives means this improved transparency made possible by the blockchain can also be applied to stocks, commodities, and other more traditional assets for TMS Network (TMSN) users.
Conflux (CFX), a blockchain platform that is compliant with China’s regulations, has announced its plans to deploy Uniswap v3 and Curve on its network. Uniswap v3 is a decentralized exchange protocol that allows users to trade any ERC-20 token with low fees and high efficiency. Curve is a liquidity aggregator that enables low-slippage swaps between crypto assets.
By bringing Uniswap v3 and Curve to its network, Conflux (CFX) aims to attract more projects and users to its ecosystem, especially in the Asian market. Conflux (CFX) will also offer a CNH (offshore Chinese Yuan) stablecoin as a trading pair on Uniswap v3, which will provide more options for settlements and hedging against currency fluctuations. Additionally, Conflux (CFX) will launch a liquidity pool for its native token CFX and ETH on Curve.
Conflux (CFX) believes that China is one of the most innovative and important markets for Web3 development, as evidenced by the high number of blockchain applications submitted in the country. Conflux (CFX) hopes to leverage its regulatory advantage and interoperability with Ethereum to grow the Asian blockchain space.
NEO (NEO) has announced the launch of its N3 RC4 TestNet. The N3 RC4 TestNet is the final version before the official release of NEO (NEO) N3 MainNet, which is expected to happen in early 2023. The NEO (NEO) N3 RC4 TestNet introduces several new features and improvements to enhance the performance, security, and usability of the Neo blockchain.
Some of the main features and improvements of the NEO (NEO) N3 RC4 TestNet include:
- A new consensus mechanism called dBFT 3.0, which reduces the NEO (NEO) block time from 15 seconds to 5 seconds and improves the network stability and finality.
- A new economic model that introduces GAS as the sole utility token for network fees and incentives, and NEO (NEO) as the governance token that represents ownership and voting rights.
- A new interoperability framework that supports cross-chain communication and asset transfer between NEO (NEO) and other blockchains.
These sorts of announcements from NEO (NEO) and Conflux (CFX) are intended to generate excitement, but the reality is most eyes are on Ethereum (ETH) these days. And that’s why TMS Network (TMSN) has decided to build on that particular chain.