The SEC is not letting Binance and Coinbase rest, as it has filed a lawsuit against them for trading unregistered securities that the regulatory body had listed. Following this, most established cryptos are losing their positions, and new tokens like Uwerx are taking over.
Uwerx is entering the freelancing industry with its never-seen-before features and the crypto market with utility-based WERX tokens and profits.
This article explores Uwerx’s profitability and why it has the potential to outperform established cryptos like Polkadot (DOT) and Fantom (FTM).
Polkadot (DOT) Set To Bridge Pseudonymous IDs
Polkadot (DOT) is a decentralized protocol connecting blockchains and promoting interoperability. Recently, Web3 Network Peeq and AI-based platform, Fetch.ai (FET) launched multichain Self-Sovereign Machine Identities. These IDs facilitate cross-chain data exchange between connected blockchains using automated AI agents.
To counter problems seen with blockchains that are standalone networks, Polkadot (DOT) and Cosmos (ATOM) developed a native interoperability solution. Pseudonymous IDs enable wider interoperability, using multiple information and blockchains for coordination and increased efficiency.
Despite this big move, Polkadot (DOT) sank to new lows, witnessing a 13.8% sharp decline in the past few days due to the regulatory crackdown.
However, analysts predict a bullish sign for Polkadot (DOT) as it submits a proposal to increase its network’s active set of validators. This will significantly develop Polkadot’s (DOT) ecosystem if the proposal gets approved.
Fantom (FTM) Launches The Gas Monetization Feature
Fantom (FTM) provides scalability, high performance, and security for decentralized applications (dApps). The protocol always seeks ways to help developers earn, so it added a new feature, gas monetization, on its platform.
This rewards creators and developers for building successful dApps. In the long-term, this is a sustainable income pathway and an ideal scope to draw in more dApps developers.
However, Fantom (FTM) plummeted even before the SEC’s actions. Last month, it took a hit following Multichain’s (MULTI) unsuccessful upgrade. Users complained of low transaction speed and migrated to other platforms.
Later, it was reported that the Fantom Foundation withdrew about $2.4 million MULTI through SushiSwap’s liquidity pool.
Uwerx (WERX) Is Harnessing The Power Of Blockchain For Freelancing
Reports show the global freelance market will grow at a compound annual growth rate of 15% through 2026. Hence, investors and freelancers seek ways to tap into these and gain financial freedom. Well, Uwerx is the only way.
Uwerx will be a blockchain-powered freelancing platform bringing decentralization and a 1% service fee. It recently unveiled its platform’s Alpha version, with ten available features. They are the Sign-Up and Logging Pages, Forgot Password, Freelancer or Client Initiation, Initial Step of Job Creation and Finding Talent, My Activity Page, Hiring Dashboard Page, and Job Creation Process Page. Uwerx will add more features subsequently.
Also, Uwerx will transition to the Beta version so that users can test the platform themselves. Uwerx has over 5,546 sign-ups, 1,655 Twitter followers, and 1,746 Telegram members. This success is also birthed from the agile methodology used by the developers to launch the project in bits and make adjustments based on user feedback. Users can send feedback via Uwerx’s dedicated email, firstname.lastname@example.org.
The team reduced their token allocation to 7% and will renounce smart contract ownership once Uwerx lists on centralized exchanges. They have started a nine-month liquidity locking on developers’ tokens for transparency and security. This follows an 82.8% community vote to begin immediately, and the locking took place on June 7.
Also, InterFi Network and SolidProof have audited Uwerx. With a 98.2% vote, the team will conduct a Test Airdrop to ensure users receiving wallet addresses are correctly entered.
Uwerx also launched the Uwerx Vault, delivering more gains to users by allowing them to earn passively from their stored WERX tokens for a prolonged period.
Uwerx’s presale has surpassed price predictions. Due to increased demand for WERX, the presale WERX allocation increased to 427,500,000 (57%) of the total 750,000,000 WERX supply. Uwerx is in stage 5 presale, where 72,500,000 tokens are available. The increased confidence in WERX led to a launch price revision, and Uwerx will launch at $0.095 – $0.115.
The WERX token has remained bullish since the presale began. Uwerx is at $0.0041, a massive increase from its starting price of $0.005. With the surging presale, further price increase is imminent. The stage 5 presale comes with a 15% purchase bonus. This is to help users make more gains.
Analysts are highly bullish on Uwerx, stating it will reach $2 by Q2 of 2024. Uwerx’s presale ends on July 31, 2023. So there is not much time left to become a part of this revolution coming to freelancing at a low price than now. So do not hesitate and join the presale immediately for a 15% purchase bonus.
To learn more about Uwerx and the presale, follow the links below.