Will Binance (BNB) and Uniswap (UNI) Survive the Wave of Innovation Coming from TMS Network (TMSN)?
Crypto trading sits at the heart of the buzzing crypto-verse. Centralized exchanges have ruled over the world of crypto trading. It has been reported that over 90% of cryptocurrency transactions occurred on centralized exchanges for the first two quarters of 2021. However, with the arrival of better decentralized exchanges like TMS Network (TMSN), the scales seem to be tipping in favor of decentralized exchanges. The transaction volumes on DEXs have been on the rise. Between April, 2021 and April, 2022, the transaction volume on decentralized exchanges reached $224 billion. It was greater than the transaction volume on centralized exchanges, which was $175 billion.
Binance (BNB) Is Turning a Deaf Ear to its Users
Binance has been the biggest name in the cryptocurrency exchanges. It earned such clout with its user-friendly services and interface. However, Binance has been widely criticized for its lack of transparency. Binance conducts periodic audits called “Proof of Reserves.” These audits ensure that Binance has sufficient holdings to honor all user balances. Nevertheless, users have raised many concerns about the imbalance between Binance’s assets and liabilities. According to its proof of reserve reports that Binance has disclosed, it holds a lot of debt exceeding its asset holdings.
Binance’s users also usually complain that customers’ transaction histories are not fully disclosed. Users usually complain about being in the dark about the safety of their funds. Binance has not done much to address these concerns.
Like every centralized exchange, Binance uses third-party players to store user assets. Such an operation makes it easier for cyber attackers to empty the user accounts as all assets are held in one place.
The Uniswap Solution is Not Optimum
Unlike Binance, Uniswap is a decentralized exchange. It allows users to use their personal wallets without undergoing a complicated KYC process. So, users are in full control of their crypto assets. While Uniswap provides more transparency, each transaction on ] Uniswap blockchain comes with gas fees. So, traders making multiple crypto trades daily must sacrifice a significant amount of their profit towards gas fees.
The gas fees also limit the types of trading services Uniswap can support. So, not only does it reduce the attractiveness of Uniswap as an exchange, but also reduces its liquidity. Besides the gas fees, Uniswap’s user interface differs from the most centralized crypto exchange. It makes it difficult for users to navigate through the DEX.
TMS Network (TMSN) Offers the Best of All Worlds
The TMS Network (TMSN) is a one-of-its-kind DEX that offers trading services to crypto and traditional traders. TMS Network (TMSN) allows users to trade cryptocurrencies, equities, forex, and CFDs. It offers complete transparency to users so they can exert complete control over their assets. TMS Network (TMSN) also offers users low transaction fees because it eliminates all intermediaries. Direct trades take less time, so traders can make multiple trades and get maximum profits.
The TMS Network (TMSN) also has a community of traders and a resource center that they can use to make the most out of traditional and crypto markets.
The TMS Network (TMSN) offers an innovative solution to the cracks that are showing in Binance and Uniswap. The results are already showing. The stage 1 presale of TMS Network (TMSN) has already garnered $500,000. The ongoing stage 2 presale has clocked in $500,000 in just 2 weeks. Investors have faith in the TMS Network (TMSN), and experts believe its value will appreciate more than 1,000% in the following weeks. As for Binance and Uniswap, they need to get their respective houses in order if they want to stay relevant in the era of DEXs like TMS Network (TMSN).
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
The post Will Binance (BNB) and Uniswap (UNI) Survive the Wave of Innovation Coming from TMS Network (TMSN)? appeared first on Analytics Insight.
Crypto trading sits at the heart of the buzzing crypto-verse. Centralized exchanges have ruled over the world of crypto trading. It has been reported that over 90% of cryptocurrency transactions occurred on centralized exchanges for the first two quarters of 2021. However, with the arrival of better decentralized exchanges like TMS Network (TMSN), the scales seem to be tipping in favor of decentralized exchanges. The transaction volumes on DEXs have been on the rise. Between April, 2021 and April, 2022, the transaction volume on decentralized exchanges reached $224 billion. It was greater than the transaction volume on centralized exchanges, which was $175 billion.
Binance (BNB) Is Turning a Deaf Ear to its Users
Binance has been the biggest name in the cryptocurrency exchanges. It earned such clout with its user-friendly services and interface. However, Binance has been widely criticized for its lack of transparency. Binance conducts periodic audits called “Proof of Reserves.” These audits ensure that Binance has sufficient holdings to honor all user balances. Nevertheless, users have raised many concerns about the imbalance between Binance’s assets and liabilities. According to its proof of reserve reports that Binance has disclosed, it holds a lot of debt exceeding its asset holdings.
Binance’s users also usually complain that customers’ transaction histories are not fully disclosed. Users usually complain about being in the dark about the safety of their funds. Binance has not done much to address these concerns.
Like every centralized exchange, Binance uses third-party players to store user assets. Such an operation makes it easier for cyber attackers to empty the user accounts as all assets are held in one place.
The Uniswap Solution is Not Optimum
Unlike Binance, Uniswap is a decentralized exchange. It allows users to use their personal wallets without undergoing a complicated KYC process. So, users are in full control of their crypto assets. While Uniswap provides more transparency, each transaction on ] Uniswap blockchain comes with gas fees. So, traders making multiple crypto trades daily must sacrifice a significant amount of their profit towards gas fees.
The gas fees also limit the types of trading services Uniswap can support. So, not only does it reduce the attractiveness of Uniswap as an exchange, but also reduces its liquidity. Besides the gas fees, Uniswap’s user interface differs from the most centralized crypto exchange. It makes it difficult for users to navigate through the DEX.
TMS Network (TMSN) Offers the Best of All Worlds
The TMS Network (TMSN) is a one-of-its-kind DEX that offers trading services to crypto and traditional traders. TMS Network (TMSN) allows users to trade cryptocurrencies, equities, forex, and CFDs. It offers complete transparency to users so they can exert complete control over their assets. TMS Network (TMSN) also offers users low transaction fees because it eliminates all intermediaries. Direct trades take less time, so traders can make multiple trades and get maximum profits.
The TMS Network (TMSN) also has a community of traders and a resource center that they can use to make the most out of traditional and crypto markets.
The TMS Network (TMSN) offers an innovative solution to the cracks that are showing in Binance and Uniswap. The results are already showing. The stage 1 presale of TMS Network (TMSN) has already garnered $500,000. The ongoing stage 2 presale has clocked in $500,000 in just 2 weeks. Investors have faith in the TMS Network (TMSN), and experts believe its value will appreciate more than 1,000% in the following weeks. As for Binance and Uniswap, they need to get their respective houses in order if they want to stay relevant in the era of DEXs like TMS Network (TMSN).
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
The post Will Binance (BNB) and Uniswap (UNI) Survive the Wave of Innovation Coming from TMS Network (TMSN)? appeared first on Analytics Insight.
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