The post TMS Network Presale Raises $3.9 Million in Funding as Polygon Rises and Arbitrum’s Governance Proposal Turns Messy appeared first on Coinpedia Fintech News

TMS Network (TMSN) has been making headlines in the cryptocurrency world with its explosive presale securing a whopping $3.9 million in funding. While Polygon (MATIC) has been experiencing sideways movement despite a growing user base, and Arbitrum’s (ARB) governance proposal is causing concerns, TMS Network (TMSN) is simplifying crypto trading with its innovative platform. Let’s take a closer look at how TMS Network (TMSN) is maximizing profits, and revolutionizing the crypto trading industry.

Polygon (MATIC) Sees Sideways Movement Despite Growing User Base

According to an analyst’s tweet, a bearish divergence occurred in the indicator, which led to a 40% decline in the price of Polygon (MATIC). Polygon’s (MATIC) declining growth of new users earlier this year is making the rally unstoppable.

After the negative divergence, Polygon’s (MATIC) price saw a sharp drawdown of about 40%, and since then, it has mostly moved sideways. But Polygon’s (MATIC) network growth has been on an upward trajectory, suggesting a rapid increase in the user base. This could be constructive for Polygon’s (MATIC) sustainable growth.

Although there is a recent bullish divergence between the price and the indicator, Polygon (MATIC) may still see some impact. However, this time, the analysts believe that it may result in an upswing for Polygon. As of writing, Polygon (MATIC) is trading at around $1.1, down 0.8% in the last week.

Backdoor Concerns Arise Over Arbitrum (ARB) Governance Proposal

A recent proposal in the Arbitrum (ARB) blockchain’s governance has sparked controversy. The proposal suggests giving the centralized Arbitrum (ARB)Foundation control over 750 million ARB tokens, valued at around $1 billion, to fund a “special grants” program that aims to promote growth on the Ethereum layer 2. However, this proposal would not allow Arbitrum (ARB) holders to have a say in how the grant allocation is made, as the decision would not be subject to full on-chain governance. While some sections of AIP-1 emphasize the importance of Arbitrum (ARB) token holders in governance, the proposed backdoor raises concerns among community members.

The vote is still in its preliminary stages, and the Arbitrum Foundation has yet to release details on how it will administer the grants program. The current market rate for Arbitrum (ARB) is $1.25, and has a trading volume of over $702 million. In the last 24 hours, the value of Arbitrum (ARB) has decreased by 7.00%.

Maximizing Profits and Simplifying Crypto Trading with TMS Network (TMSN)

TMS Network (TMSN) is an innovative platform that combines cryptocurrency trading and derivatives while prioritizing user education. By addressing the ongoing issues present in the crypto trading industry, TMS Network (TMSN) seeks to provide an all-in-one solution for traders. TMS Network (TMSN) employs advanced artificial intelligence algorithms, enabling a social trading infrastructure where users can replicate successful trading strategies to maximize profits.

Users can trade any asset on a decentralized blockchain, without the need to create a separate account on TMS Network (TMSN). Additionally, TMS Network (TMSN) token holders earn commissions based on the transaction volume on the platform. TMS Network (TMSN) tokens are presently available for $0.05, during the presale period, and the company is currently offering a 75% deposit bonus for a limited time. TMS Network (TMSN) has already secured $3.9 million in funding, which includes the $2 million pre-seed raise. This goes on to show investors’ growing trust in the asset.

Learn more about TMS Network here:

Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io

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Filed under: Bitcoin - @ April 6, 2023 10:13 am