The FTX debacle is over five months old, but the controversy trailing the fallout is enormous. Prosecutors are now coming after celebrities that endorsed FTX before its collapse, but Taylor Swift avoided getting dragged because she did her due diligence by asking pertinent questions.
While this happened, Uniswap and BNB survived a fallout. On the other hand, the TMS Network token continues its upward trajectory by snagging a 1700% market increase.
Uniswap
Uniswap (UNI) is the governance token of the most popular decentralized exchange built on the Ethereum blockchain. For the uninitiated, decentralized exchanges such as Uniswap are safer than centralized exchanges like Binance and KuCoin and are more resilient to attacks.
Uniswap allows users to trade Ethereum and ERC20 tokens, and it is unique because it uses a smart contract to hold funds and execute trades. Although the benefit of Uniswap is that there is no need for a middleman or third party to facilitate transactions, a challenge is that decentralized exchanges require liquidity to function properly.
Nevertheless, the Uniswap protocol is easy to use and has lower fees than regular exchange protocols. This has made UNI survive a fallout alongside BNB while TMSN continues to record a 1700% token price increase.
BNB
Binance is the leading crypto exchange in the world, and BNB is the vibrant crypto powering the world’s top crypto exchange. Recall that it made some acquisitions recently, which underscores its commitment to expand across borders.
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Simply put, BNB’s bull case hinges on the success of Binance, which continues to exhibit resilience in the volatile crypto market. As the bear market in the crypto space gradually recedes, Binance’s strong fundamentals and expansionary plans make it an enticing prospect for investors with a long-term horizon.
This has made BNB, alongside the UNI token, continue to survive a series of fallouts in the crypto world. As Binance’s reach expands, BNB coin will continue to test new highs, positioning BNB for long-term growth while TMSN coin records a 1700% market increase.
TMS Network
As a quick run-through of its background, it is important to state that the TMS Network (TMSN) made its presence felt right since the stage 1 presale was announced, and it has grown exponentially since then.
For the uninitiated, the TMS Network allows developers to build DeFi projects and execute smart contracts. It has been said that the TMSN will revolutionize the traditional trading model with its scalable, transparent, novel technology-backed system, which is an efficient trade method.
Additionally, TMS Network enhances financial literacy and education while reducing dependence on centralized systems, making it the leading next-generation trading platform. These novel and astonishing attributes have made the TMSN coin draw considerable investors’ attention, which has made its presale rally a hit so far.
The network has already raised over $5.6 million between seed sales and presale events. The TMSN token has also seen an over 1700% increase, now selling at $0.088.
Conclusion
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While Taylor Swift avoided FTX Exchange embarrassment and Uniswap and BNB survived the fallout, it has been demonstrated that TMS Network has performed exceedingly well in the crypto market in 2023.
With this, there’s no need to wait around. The TMSN presale is now in its second phase with over $5.6 million. Be fast; it’s only a matter of time before the second phase ends!
