The crypto situation in China is a complex one. They’ve banned Bitcoin (BTC) many times in the past. Yet, Chinese blockchain projects like Conflux (CFX) and Neo (NEO) continue to perform well. It appears that, publicly, the Chinese government is against crypto. But, behind closed doors, there’s an ulterior motive. As Chinese tokens gain popularity, how do they compare to TMS Network (TMSN)? In phase two of presale, this new DEX is turning heads.
With over 2000% gains in 2023, Conflux (CFX) has taken the market by storm. Conflux (CFX) is a China-based Layer-1 Proof-of-Work blockchain. Working with the Chinese government in various key areas, Conflux (CFX) is one of the few crypto projects with full, mandated access to the Chinese market. For example, Conflux (CFX) is looking into integration with Little Red Book, one of the most popular Chinese social platforms.
Conflux (CFX) has been praised by local government in China for its work. This is critical for a project like Conflux (CFX), as it opens more doors for the project to cooperate with the Chinese government. To say investors have reacted positively to these developments is a massive understatement, and Conflux (CFX) continues to rally.
Still, no project, no matter how attractive, goes up forever. Conflux (CFX) investors may begin to cash out some profit and turn elsewhere for reinvestment.
Often labeled “the Chinese Ethereum,” Neo (NEO) is a Layer-1 blockchain and indeed shares many similarities with Ethereum. However, Neo (NEO) holds several key advantages. The number of programming languages available to Neo (NEO) developers is staggering. Examples include C++, Python, and Java.
All this means that the potential Dapp developer manpower for Neo (NEO) is huge. They have used this to expand the ecosystem at a staggering rate. As with Conflux (CFX), Neo (NEO) is one of the few projects with direct access to the Chinese market.
Registering a modest 100% gain in 2023, Neo (NEO) still has potential for upside. Yet, Chinese policy on crypto remains unpredictable. Investing in Chinese tokens is seen as a risk by many due to the centralized aspects of government control of these projects.
TMS Network (TMSN)
TMS Network (TMSN) is a new DEX built on Ethereum set to revolutionize the way on-chain traders operate. Contemporary DEXs are largely limited to offering crypto swaps and have clunky user interfaces. TMS Network (TMSN) offers a wide range of tradeable asset classes. From CFDs to stocks, crypto, and FOREX, TMS Network (TMSN) has utility for traders from all backgrounds.
TMS Network (TMSN) is built for traders, by traders. As such, TMS Network (TMSN) has a vast set of useful trading tools only available to TMSN token holders. These include on-chain data, customizable trading bots, social trading, and more. Additionally, TMS Network (TMSN) token holders enjoy a share in the commission fees generated by the protocol.
As Chinese tokens like Neo (NEO) and Conflux (CFX) continue to rip, the risk/reward ratio becomes less favorable. For investors looking to book profits and reinvest, TMS Network’s (TMSN) performance in phase one of presale is nothing to be scoffed at. Having already raised over $2 million, phase two is set to be even bigger.
Click here for more information about TMS Network (TMSN).