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When a new crypto like TMS Network (TMSN) creates a lot of excitement, as it has done with the success of its presale, it drives people to compare their legacy cryptos. Two cryptos 1inch Network (1INCH) and Solana (SOL) are two legacy cryptos that boast some similarities. But does this make any of the above cryptos redundant?
We’ll take a look at the TMS Network (TMSN), 1inch Network (1INCH), and also Solana (SOL) and see how each crypto platforms compare.
TMS Network (TMSN)
TMS Network (TMSN) is a brand new crypto and it’s driving plenty of interest towards the whole space as its presale surprises everybody. To date, it’s only in the early stages, but it’s already raised way over $500k, and with weeks still to go before, savvy investors are getting some while it’s cheap.
The TMS Network (TMSN) is a DeFi platform with a difference. As well as offering a trading platform for over 500 cryptocurrencies, there’s many more asset classes including equity markets, global forex, and CFDs.
It’s not recommended to jump straight in and trade forex or CFDs, but what makes TMS Network (TMSN) stand out is its community and education led approach. There’s the copy trading feature where you can basically copy the trades of skilled traders in real time.
If you’re more hands on, TMS Network (TMSN) has an online academy where users can learn about trading strategies, risk management, technical analysis, and other relevant topics all from the community.
It’s all powered by the $TMSN token, which allows you access to the above, and also opens up passive income strategies such as staking, or providing liquidity into the platform. It’s all really exciting and new for the crypto space, and it’s clear to see why there’s so much interest in the presale.
1Inch Network (1INCH)
1inch Network (1INCH) is a decentralized exchange (DEX) aggregator that searches deals across multiple liquidity sources, offering users better rates than any individual exchange.
Another key feature of the 1inch Network (1INCH) is the Liquidity Protocol. This is a next-generation automated market maker (AMM) that protects users of the 1inch Network (1INCH) from front-running attacks, and offers attractive opportunities to liquidity providers in a similar way to the TMS Network (TMSN).
Both the TMS and 1inch Network (1INCH) have their own governance and utility tokens that holders can stake to participate in the network’s DAO governance and choose resolvers, among other benefits.
Solana (SOL)
Where TMS Network (TMSN) and 1inch Network (1INCH) offer some similarities, Solana (SOL) offers something completely different. It’s a crypto platform that prioritizes efficiency and sustainability. Similar to Ethereum and other tokens, it adopted PoS (Proof of Stake) protocols for their long-term sustainability and cost-effectiveness.
However, Solana (SOL) didn’t stop there, as it created a PoH (Proof of History) protocol, a sub-protocol based on PoS that means it can scale much more than competing blockchains. At last count the Solana (SOL) transaction speed was 65,000 per second.
Other than leveraging blockchain and token utility, Solana (SOL) and TMS Network (TMSN) are fundamentally different. That said, they both offer DeFi utility, and you will be able to trade Solana (SOL) on the TMS Networks once it launches.
Conclusion
TMS Network (TMSN) is rightfully generating plenty of interest in the crypto space. It offers a comprehensive trading platform that no other DEX does. That said, there are some similarities with 1inch Network (1INCH), and even with Solana (SOL), but not enough for us to believe they will compete.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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