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Tusima Network (TSM) isn’t another anonymous crypto coin trying to hide transactions. It’s built for businesses that need privacy-but also need to follow the rules. While most privacy coins like Monero or Zcash focus on hiding everything, Tusima lets you control what’s hidden and when it can be revealed. That’s the core idea: controllable privacy.
How Tusima Network Works
Tusima runs as a Layer 2 network on top of BNB Chain. That means it handles transactions faster and cheaper than the main Ethereum or BNB Chain networks. But instead of just scaling up, it adds advanced cryptography to protect data. It uses zk-rollups-proofs that verify transactions without showing the details-and combines them with homomorphic encryption and recursive proofs. These aren’t just buzzwords. Homomorphic encryption lets computers process encrypted data without unlocking it. Recursive proofs shrink the size of verification data, making the system more efficient. Together, they allow businesses to send payments, track supply chains, or share financial records on-chain without exposing sensitive info to the public.
The network doesn’t use the old UTXO model like Bitcoin. Instead, it uses a Multi-Version Database (MVD) built on account-based architecture. This lets users maintain multiple versions of their data-public, private, and selectively disclosed. For example, a company could show its total payment amount to regulators while keeping the names of its suppliers hidden from competitors. This level of control is rare in crypto.
TSM Token Basics
The TSM token is the native currency of the Tusima Network. It’s used to pay for transaction fees, secure the network through staking (once live), and access privacy features. The maximum supply is listed as 1 billion TSM by CoinCarp and CoinMarketCap, though CoinStats says 10 billion-this discrepancy is a red flag. Always verify supply numbers from multiple sources before making decisions.
As of October 2023, TSM trades on decentralized exchanges like PancakeSwap. Its market cap sits around $443,000, placing it at #5641 on CoinMarketCap. Daily trading volume is under $1,500. That’s extremely low. For comparison, Monero trades over $148 million daily. Low volume means price swings can be wild. A single large buy or sell can move the price dramatically. If you hold TSM, expect slippage when selling-even small amounts might not get filled at the price you expect.
Who Is Tusima For?
Tusima isn’t designed for retail traders looking to flip coins. It’s built for enterprises that need to comply with regulations like GDPR or financial reporting laws but still want to use blockchain. Think: supply chain logistics, cross-border payments between companies, or confidential payroll systems. If you’re a business in Southeast Asia, for example, and you want to move money between partners without exposing contract terms or pricing, Tusima’s model could be useful.
Its biggest advantage? It doesn’t break the law to protect privacy. Unlike fully anonymous coins, Tusima allows authorized entities-like auditors or regulators-to access data under specific conditions. This makes it more likely to be accepted by banks and government agencies. That’s why some analysts see it as a potential infrastructure piece for future enterprise blockchain adoption.
How It Compares to Other Privacy Coins
| Project | Privacy Model | Target Users | Market Cap (Oct 2023) | Key Strength |
|---|---|---|---|---|
| Tusima Network (TSM) | Controllable privacy | Enterprises, regulated businesses | $443K | Regulatory compliance + on-chain privacy |
| Monero (XMR) | Complete anonymity | Individuals, privacy purists | $2.8B | Untraceable transactions |
| Zcash (ZEC) | Optional privacy | Hybrid users, institutions | $1.1B | Transparent or shielded options |
| Aztec Network | Private Ethereum transactions | DeFi users on Ethereum | $210M | Native Ethereum integration |
| Secret Network | Encrypted smart contracts | DeFi, dApps needing confidentiality | $190M | Private smart contract execution |
Tusima stands out because it doesn’t aim to replace Monero. It aims to work alongside banks and regulators. That’s a different goal-and a harder one to pull off.
Technical Risks and Criticisms
Even if the idea is smart, the execution has problems. ConsenSys and other blockchain research teams have pointed out that Tusima’s whitepaper lacks enough technical detail to verify its security claims. Independent audits? None publicly available. The Multi-Version Database approach sounds powerful, but without clear documentation on how it resists attacks, it’s hard to trust.
Another issue: performance. Homomorphic encryption and recursive zk-proofs are computationally heavy. While Tusima claims high TPS (transactions per second), no official benchmarks are published. If each privacy transaction takes 5 seconds to verify instead of 1, the network becomes slow and expensive-defeating the purpose of a Layer 2 solution.
Developer support is also limited. The GitHub repo has 12 contributors and 86 closed issues-modest activity. Community size? Only about 4,840 token holders. Compare that to Zcash’s 2.4 million wallets. Low adoption means less feedback, fewer bug fixes, and slower progress.
Market Performance and Sentiment
Tusima’s price has been volatile. It hit an all-time high of $0.005862 in December 2024, then dropped over 92% to $0.0004432 by October 2023. That’s a 25% decline in just one month-worse than the broader market. Most retail investors who bought at the peak are underwater.
Sentiment is mostly negative. LunarCrush shows a bearish score of 0.32. Reddit users warn about price manipulation due to low volume. Trustpilot reviews mention difficulty selling TSM without huge losses. But there’s a counter-narrative: the official Tusima Telegram channel claims partnerships with three Southeast Asian payment processors, with real-world usage expected in Q1 2024. No public names or contracts have been released yet, so this remains unverified.
What’s Next for Tusima?
The roadmap is ambitious. Tusima plans to launch its mainnet in Q1 2024, integrate with enterprise ERP systems in Q2, and expand to Ethereum mainnet by Q4. If they hit these targets, it could be a turning point. But past crypto projects have made similar promises and vanished.
What they need most is liquidity. Without more traders and institutional buyers, TSM will stay stuck in a death spiral: low volume → low price → no interest → lower volume. They’re betting that enterprise adoption will come first-and that’s a risky gamble.
Should You Buy TSM?
Only if you understand the risks and accept them.
- Buy if: You’re a developer or business owner looking to test controllable privacy for enterprise use. You’re not trying to make a quick profit. You’re experimenting with future infrastructure.
- Avoid if: You’re a retail investor chasing returns. The token has no proven use case yet, low liquidity, and massive price swings. You could lose most of your investment.
Don’t treat TSM like Bitcoin or Ethereum. It’s not a store of value. It’s a tool for a very specific, unproven use case. And tools without users don’t last.
How to Get Started (If You Must)
If you want to explore Tusima:
- Set up a Web3 wallet like MetaMask or Trust Wallet connected to BNB Chain.
- Buy BNB on Binance or another exchange.
- Go to PancakeSwap and swap BNB for TSM using the contract address:
0x2bD236Ad144753bD5839D82c46eE2C2225B9E0C0. - Check Tusima’s official Medium and GitHub for updates on mainnet and documentation.
- Never invest more than you can afford to lose. This is high-risk, experimental tech.
Remember: Tusima isn’t a coin you buy to get rich. It’s a bet on whether businesses will ever trust blockchain enough to use it with real money-and still follow the law.
Is Tusima Network (TSM) a good investment?
Tusima Network is not a typical investment. It’s a high-risk, experimental project with extremely low liquidity and no proven real-world adoption. Its market cap is under $500K, and daily trading volume is under $1,500. Price swings are extreme, and selling large amounts is nearly impossible without massive losses. Only consider it if you’re a developer or business testing privacy tech-not if you’re looking for returns.
What makes Tusima different from Monero or Zcash?
Monero and Zcash focus on hiding transactions completely. Tusima does the opposite: it lets you hide data by default but gives authorized parties (like regulators or auditors) the ability to view it under specific conditions. This "controllable privacy" is meant for businesses that need compliance, not anonymity. It’s not for people who want to avoid scrutiny-it’s for companies that need to prove they’re following the rules.
Can I mine or stake TSM tokens?
No, TSM is not mineable. Tusima uses a zk-rollup system on BNB Chain, which relies on proof verification, not mining. Staking is planned for the mainnet launch in Q1 2024, but it’s not active yet. Currently, you can only hold or trade TSM on decentralized exchanges like PancakeSwap.
Is Tusima Network’s technology proven?
The technology is theoretically sound-combining zk-rollups, homomorphic encryption, and recursive proofs is a legitimate approach. But it’s not proven at scale. No independent security audit has been published, and the whitepaper lacks enough detail for experts to verify its claims. While the code is on GitHub and updates are frequent, there’s no public evidence that the system works securely under real-world conditions.
Where can I buy TSM?
TSM is available on PancakeSwap (V2) as a BEP20 token on the BNB Chain. You’ll need BNB to trade for it. Be cautious: the contract address is 0x2bD236Ad144753bD5839D82c46eE2C2225B9E0C0. Always verify this address on Tusima’s official website or Telegram before sending funds. Avoid any other listings-they may be scams.
What’s the future of Tusima Network?
Tusima’s future depends entirely on enterprise adoption. If it successfully integrates with real payment processors or ERP systems in Southeast Asia by Q1 2024, it could gain traction. But without verified partnerships and increased liquidity, it will remain a niche project with little market impact. The team is active, but so are hundreds of other crypto projects. Without proof of real usage, TSM will likely stay on the fringes of the crypto world.
Comments (3)
jack leon
November 23, 2025 AT 01:37
This isn't crypto-it's a corporate spyware fantasy wrapped in zk-rollup glitter. Homomorphic encryption? Sure. But if your 'privacy' needs a government keycard to unlock, you're not building a revolution-you're building a compliance spreadsheet with blockchain lipstick.
Chris G
November 23, 2025 AT 02:48
Market cap under half a mil trading under 1500 a day no audits no benchmarks no real adoption just whitepaper dreams
Khalil Nooh
November 23, 2025 AT 08:31
Let’s be real-the whole premise of Tusima is brilliant if executed properly. Controllable privacy isn’t just a niche-it’s the future of regulated DeFi. Imagine banks settling cross-border invoices without exposing vendor lists or pricing. That’s not fantasy, that’s operational efficiency. The tech stack-zk-rollups + homomorphic encryption-is mature enough to work. The problem isn’t the idea, it’s the team’s inability to communicate it clearly. Whitepapers need diagrams, not paragraphs. And yes, the supply discrepancy is sketchy-but that’s fixable with transparency. If they get one enterprise pilot live in Q1, this could be the quiet giant of enterprise blockchain.
Don’t compare it to Monero. That’s like comparing a Tesla to a horse cart. Different tools. Different audiences. Tusima isn’t for degens. It’s for CFOs who need blockchain without the regulatory nightmare.
And yes, the volume is trash. But every major protocol started with micro-liquidity. Look at Uniswap in 2018. The real signal isn’t trading volume-it’s developer activity. And honestly, 12 contributors isn’t nothing. They just need to hire a technical writer and publish a security audit. That’s the next milestone.
If you’re holding TSM for a moonshot, you’re already losing. But if you’re building on it? You might be early to the next big thing in enterprise chain infrastructure.