Overview of the Article
- TMS Network (TMSN) has achieved major success during its presale, raising $500k in two weeks and another $2 million in a private seed sale.
- Aptos (APT) and Sui are caught up in a controversy after Pontem, a crypto wallet backed by the Aptos (APT) network, invited and then disinvited Sui delegates from the upcoming MoveCon conference.
- Solana (SOL) suffered its 10th network outage on February 25, negatively impacting market sentiment and causing its price to fall 4% over the last few days.
Success of TMS Network’s Presale
The TMS Network (TMSN) is a trading platform designed to solve existing trading issues such as excessive centralization, slow transaction times, low return on investment, high fees, and less transparency. As a result of these real-world utilities, TMS Network’s presale has been highly successful. It raised an impressive $500k within two weeks of launch and additionally raised $2 million in private seed sale.
Controversy Between Aptos (APT) And Sui
Recently, hostility between Aptos (APT) and Sui – two blockchains which have their origin in Facebook’s defunct Diem stablecoin project – has come to light. This was after Pontem, a crypto wallet backed by the Aptos (APT) network invited and then disinvited delegates from Sui from the upcoming MoveCon conference. Speculations are that Aptos (APT) had asked Pontem organizers to exclude Sui speakers from MoveCon. However, Aptos denied any role in this decision but on month chart it is down by 20%. Currently it is being traded at $13.27.