The world of decentralized finance (DeFi) has become a hot topic in the cryptocurrency space. The industry is rapidly growing and innovating, with new projects emerging every day that aim to bring greater decentralization, security, and transparency to financial markets. One such project is Solana (SOL), which recently announced an airdrop that is sweeping the network.
The Ripple (XRP) lawsuit might finally be coming to a conclusion following a series of tweets and rulings made regarding the case. Additionally, TMS Network has also been making waves in the DeFi space by laying the foundation for a strong platform offering unique features and benefits. In this article, we will take an in-depth look at the projects and explore how they are contributing to the development of DeFi technology.
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Solana (SOL) NFT Airdrop
Tensor is quickly establishing itself as a powerful player in the world of the Solana NFT marketplace, thanks to savvy strategic moves such as the recent launch of its “Season 1 airdrop.” Eligible participants were given free reward boxes based on the amount they’d bought or sold in Solana NFTS over the past six months, with those who had used Tensor as their marketplace receiving significantly more rewards.
This represents an ambitious attempt by Tensor to incentivize traders, echoing similar initiatives by industry leaders Blur and leveraging their vast customer base of “pro” traders in order to gain a larger share of the Solana (SOL) NFT marketplace. It seems that this strategy will prove successful, representing a big win for both customers and Tensor itself.
The SEC vs XRP Lawsuit: Are Things Going to End Soon?
The SEC lawsuit against Ripple has been ongoing for many months, and news that it might be resolved within weeks is sure to relieve many. A decision in the case was recently handed down by U.S. District Judge Analisa Torres, which was welcomed by those loyal to Ripple – famously known as the ‘XRP Army’ – with open arms.
One devotee made a mathematical observation on Twitter regarding the outcome of the ruling. At the same time, John Deaton offered further insight into what this could mean time-wise for the summary judgment. As his tweet received multiple queries, it appears that much attention is being focused on this case before a final outcome is reached.
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TMS Network (TMSN) Tokenomics
TMS Network (TMSN) has caused a stir among crypto traders as it has established itself as one of the top tokens in the industry after its impressive presale stage. TMSN is a decentralized multi-purpose trading platform designed to make trading across various assets much easier and more efficient.
By offering traders all the tools they need to trade in cryptocurrencies, stocks, Forex, and CFDs, TMSN provides an unparalleled level of convenience no other decentralized platform can match. Moreover, every transaction undertaken on this network is stored on publicly distributed ledgers, ensuring complete transparency and authenticity.
The tokenomics for this project look to be well thought out by the developers with allocations as followed:
- Token Sales Program (60%)
- Team and Founders (15%)
- Reserve Fund (8%)
- Ecosystem Development (7%)
- Marketing And Bounting (6%)
- Boards Advisors (4%)
The split is intuitive of the platform’s reward system, which allows traders to earn a commission in TMS Network (TMSN) tokens by their trading volume. There is a community reward system that gives more commission to the community, the more volume is traded through the platform.
Many savvy investors are putting their money where their mouth is for the project because of the project’s strong use case and tokenomic value. Their presale funding shows this, with over $3.2 million raised in just a few days.
Whitepaper: https://tms-net.netlify.app/whitepaper.pdf
Website: https://tmsnetwork.io
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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