Tron’s (TRX) Founder Justin Sun Announces Huobi Hong Kong Exchange Launch, Polygon (MATIC) Labs Lays Off 20% Of The Workforce, While TMS Network (TMSN) Presale Goes Live With Quick Token Sales

March 2nd, 2023 at 10:08 pm UTC · 3 min read

Tron’s (TRX) Founder Justin Sun Announces Huobi Hong Kong Exchange Launch, Polygon (MATIC) Labs Lays Off 20% Of The Workforce, While TMS Network (TMSN) Presale Goes Live With Quick Token Sales

TMS Network (TMSN), a revolutionary decentralized trading platform for traditional investors has emerged recently. Its innovative technology has introduced a new era of transparency, security, and efficiency to conventional transactions. Tron (TRX) and Polygon (MATIC) are also experiencing significant changes within their networks. Let’s understand these tokens in detail.

Tron (TRX) Is About To Launch Its Exchange Platform In Hong Kong; The Token Price Reaches $0.06905

Justin Sun created the buzz around the Tron (TRX) blockchain by announcing the launch of the Huobi Hong Kong exchange. This new exchange will allow the region’s investors to access Tron (TRX) tokens on Huobi, one of the largest cryptocurrency exchanges in the world. People will be able to use Tron (TRX) to enjoy a range of trading services, including cryptocurrency-to-cryptocurrency trading and fiat-to-cryptocurrency trading. The launch of the Huobi Hong Kong exchange is expected to be a significant move for both Huobi and Tron (TRX).

The Tron (TRX) network’s reach will expand in the Asia-Pacific region once the exchange is live. Hong Kong is a key financial hub in the region. Thus, Tron (TRX) developers believe the exchange launch will attract greater traders and investors for Tron (TRX) tokens.

However, the current Tron (TRX) price is still low. It is trending at $0.06905, which is a 1.33% drop in the last 24 hours.

Polygon (MATIC) Labs’ Workforce Faces Difficulty With Recent Lay-Offs; Its Price Has Risen To $1.31

Polygon (MATIC) Labs is known for providing scalable solutions for the Ethereum network. The company has laid off 20% of its workforce. The reason for this move is that Polygon (MATIC) Labs faces increasing competition and a challenging market environment.

Regulatory uncertainty and market volatility weighing on investor sentiment are also one of the reasons for Polygon (MATIC) Labs’ lay-off decision.

Polygon (MATIC) Labs has 500 full-time employees. Thus, its 20% lay-off has affected the jobs of over 100 employees. Polygon (MATIC) Labs said that the affected employees would get 3 months of severance pay, regardless of their tenure or level at the company.

However, industry analysts believe that the long-term potential for Polygon (MATIC) Labs technology will be strong. In fact, the Polygon (MATIC) Labs’ treasury has a balance sheet worth over $250 million. Currently, Polygon (MATIC) tokens are selling at $1.31, which is a 5.38% drop within a day.

TMS Network (TMSN) Thrives In Its Presale; The Token Price Sees High Gains

TMS Network (TMSN) has brought a revolution in the world of asset trading. Users can plug in the expert advisors using the MT4 and MT5 compatibility Bridge offered by TMS Network (TMSN). Thus, it is now easier for investors to effectively buy, sell, and trade traditional assets via cryptocurrencies.

The TMS Network (TMSN) is powered by cutting-edge technology that ensures advanced price analysis. The platform leverages on-chain analytics to scan the best prices for trades. Moreover, people can trade on the network without needing to open a TMS Network (TMSN) account. They only need to connect their wallets to the platform.

TMS Network (TMSN) users can also earn commissions through other traders’ trading volumes. Thus, TMS Network (TMSN) can become a preferred choice for traders across the globe. The initial price of TMS Network (TMSN) was a mere $0.0046. However, It is now trading at 0.019, which is a 400% rise within a short period. Its first presale phase is live, and investors are rushing to buy the token early.

You can find out more about TMS: Whitepaper, Presale, Website, Telegram, Twitter.

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