The blockchain industry is always buzzing with developments, and today we turn our attention to three notable projects that have been in the spotlight recently.
The Polygon (MATIC) team’s decision to streamline operations and refocus their efforts on key areas can be considered a strategic move to stay ahead of the curve. Solana’s (SOL) recent partnership with Helium has failed to translate into a significant boost in token value. At the same time, TMS Network’s (TMSN) successful presale highlights the growing interest in blockchain to hedge against a declining market. Today, we’ll take a closer look at these protocols.
(MATIC) takes bold step to streamline operations, lays off 100 employees
Polygon (MATIC) is among the latest altcoin projects to reduce its workforce to streamline operations and focus on long-term expansion. According to an official report released in February, Polygon (MATIC) reportedly laid off up to 20% of its employees, which is around 100 people. This move comes as the digital asset and cryptocurrency marketplace recovers from the volatile winter of 2022, which has forced many crypto projects, including Polygon (MATIC), to make difficult decisions. Polygon (MATIC) has offered a severance package equivalent to three months salary to support the affected employees.
Despite the layoffs, Polygon (MATIC) remains one of the most promising blockchain projects in the industry, boasting a market capitalization of over $9 billion as of March 2023. Polygon (MATIC) is currently trading at $1.05 with a circulating supply of 8.7 billion tokens. As the market evolves, it will be interesting to see how Polygon’s (MATIC) refocused strategy will shape its future success.
Solana’s joint venture with Helium yields no gain in token price
Solana (SOL) and Helium recently partnered to bring Internet of Things (IoT) devices to the SOL blockchain. While the collaboration aims to expand blockchain use cases beyond finance, the news has significantly failed to boost Solana’s (SOL) token price.
Solana’s (SOL) price has been relatively stable, with some minor fluctuations in value. According to Coinmarketcap, Solana (SOL) currently trades at $17.40. Solana’s (SOL) market capitalization is over $6 billion.
Despite this, Solana (SOL) and Helium remain optimistic about the potential of their collaboration. Helium’s LoRaWAN technology enables IoT devices to communicate with each other over long distances. At the same time, Solana (SOL) aims to provide a high-speed, low-cost blockchain for secure data storage and transfer.
TMS Network’s (TMSN) second stage presale: A savvy strategy to mitigate the risks of market downturns
TMS Network (TMSN) is committed to ensuring a fair trading environment, free from price manipulation and wash trading. TMS Network’s (TMSN) fast transaction speeds and intuitive trading interface make trading in CFDs, NFTs, crypto, fiat currencies, and stocks possible, providing an exceptional trading experience to its users.
Following the impressive results of its initial token presale, TMS Network (TMSN) is now in its second stage. Infusing in TMS Network’s (TMSN) second stage of presale can help mitigate the risks of market downturns as it provides a decentralized marketplace for peer-to-peer transactions, which is more resilient to market fluctuations than traditional centralized marketplaces. Additionally, TMS Network’s (TMSN) low transaction fees make it an attractive option for those who want to minimize their costs during market volatility.
According to TMS Network (TMSN), the second stage has already received significant interest, indicating a growing demand for the platform.
Crypto adherents can infuse in TMS Network (TMSN), before the official public sale, at a discounted price of $0.036.
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