Cryptocurrency is one of the most volatile and unpredictable markets globally, with prices fluctuating dramatically in a matter of hours. Dai (DAI) and Polkadot (DOT) have recently suffered from significant losses due to market volatility, while TMS Network (TMSN) has seen an impressive surge in value.
MakerDAO founder suggests Dai (DAI) rebrand to attract “normal people” and position as safe and reliable gamified crypto
Dai (DAI) is facing challenges with its branding, which may impede its growth potential. In a recent community call, Rune Christensen, the founder of Ethereum’s MakerDAO, proposed that Dai (DAI) should undergo a rebranding to make it more user-friendly for the average person. This conversation occurred in the context of a broader discussion about Christensen’s “Endgame” plan for MakerDAO, a complex proposal that many people find difficult to comprehend. According to Christensen, Dai (DAI) requires a complete overhaul of its name and appearance, positioning it as a currency that can produce yield for users. Furthermore, he suggested that Dai (DAI) should be recognized as “the safest and most dependable gamified crypto of them all.” This rebranding initiative is crucial in gaining control of the narrative, and drawing in new users to the platform. As of now, Dai (DAI) is priced at $1.00. Dai (DAI) indicates a 72.75% decline from its all-time high of $3.67.
Polkadot (DOT) partners with Deloitte Switzerland for KYC/KYB digital credentials amid recent losses
Despite recent market volatility causing losses for Polkadot (DOT), the blockchain platform has announced a promising partnership with Deloitte Switzerland. Deloitte will integrate Polkadot’s (DOT) KILT blockchain technology to issue reusable digital credentials for KYC and KYB processes, which has various use cases such as age verification, fundraising, and regulatory compliance for decentralized finance and banking. Polkadot (DOT) KILT tech is a decentralized identity solution that addresses existing inefficiencies in KYC/KYB processes while ensuring consumer data privacy. Overall, the integration of Deloitte and Polkadot’s (DOT) KILT blockchain technology will be a significant step toward expanding the use cases. However, it remains to be seen whether this partnership will restore investor confidence in Polkadot (DOT). Polkadot (DOT) is currently priced at $5.76. Polkadot (DOT) represents an 89.53% decrease from its all-time high of $55.00.
TMS Network (TMSN) soars by 2,800% as it offers fast, cheap, and transparent trading services on its permissionless blockchain
TMS Network (TMSN) has emerged as a high-flying blockchain platform, unlike Dai (DAI) and Polkadot (DOT), which have been struggling with market losses. TMS Network (TMSN) is a layer-2 blockchain based on Ethereum that offers a range of trading services to crypto users. What sets TMS Network (TMSN) apart is that it is an all-in-one blockchain that allows users to trade various assets, including equities, futures, forex, CFDs, and cryptocurrencies, using cryptos. The platform is permissionless, thus, users do not have to create an account or complete KYC requirements. By simply connecting their wallet, users can start trading on TMS Network (TMSN). Transactions on TMS Network (TMSN) are executed fast, cheaply, and transparently without any involvement of a third-party intermediary. TMS Network (TMSN) is community-governed, allowing every member to vote and have a say in the platform’s decision-making process. TMS Network (TMSN) has raised more than $5 million in funding, and is currently valued at $0.085 in its ongoing stage 3 presale. However, what is remarkable is that TMS Network (TMSN) has experienced an astounding 2,800% growth, demonstrating its potential to revolutionize the trading industry.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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