More crypto projects are focusing on real-world applications, giving more exposure to digital assets. The new project, Uwerx, is preparing to join the coin market, aiming to solve the problems associated with the freelance industry.
This article will explain why traders are paying keen attention to Uwerx and why you should. But first, we shall explore the recent developments in Solana (SOL) and Kin (KIN), as the SEC lists them as securities.
Solana (SOL) Challenges SEC Charge
Solana (SOL) fell in value after the FTX scandal that directly implicated the project. Since then, the coin has struggled to stay relevant.
Following the SEC stating that Solana (SOL) is a security, the project’s value has plummeted by -22.45% in the last 24hrs. The project currently trades at $14.96, with a market cap of $5,959,385,776.
Solana (SOL) has also seen more bad news as Robinhood, a U.S Financial services company, has announced that they will remove Solana (SOL) from their platform.
The Solana Foundation has challenged the Securities and Exchange Commission (SEC) charge, stating that SOL is not a security. While Solana (SOL) holders are still unsure of the coin’s future, analysts predict it will reach $33.03 by the first half of 2024.
Kin (KIN) Holders Are Concerned With The SEC Listing
Kin (KIN) is known for offering developers the fastest and easiest way to integrate cryptocurrency within their web and mobile applications.
This is achieved using Kin’s software development kits (SDKs), effectively eliminating the intricacies of incorporating cryptocurrencies. As a result, developers can focus on creating exceptional in-app experiences for users to earn and spend their Kin (KIN) tokens.
Kin (KIN) reported that it had burned 1 Billion $KIN tokens after it was approved last week in their first-ever community vote.
Following the SEC putting Kin (KIN) on the list of securities, Kin (KIN) holders are reminded that Kin (KIN) has already faced off with the SEC and came out with a mutual settlement. They are concerned that this could spell losses for Kin (KIN).
Their fears are valid because Kin (KIN) has decreased by -2.55% in the past 24hrs. The project currently trades at $0.00000630, with a market cap of $13,908,865. Analysts predict the project to reach $0.00001220.
Early Investors Gain Substantial Returns With Uwerx (WERX)
With over 350 million tokens sold, Uwerx has quickly outsold its developers’ expectations. As a result, they were forced to increase the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. The team also increased Uwerx’s launch price to $0.095 – $0.115, reducing their allocation to 7%. By doing this, they offered more investors an opportunity to join the platform and make gains.
Uwerx’s presale performance can be attributed to the agile methodology approach taken by its developers. This approach allowed them to release Uwerx in batches while making improvements with time.
On Saturday, July 29th, 2023, at 18:00 UTC, there will be a price adjustment from $0.05245 to $0.0564. This marks an upturn of 7.5%, which is slightly less than the initially proposed hike of 10%.
Uwerx also has a feature called the Uwerx Vault which allows users to store their WERX tokens for a desired duration. Users will also earn exciting rewards for using the Vault.
The Alpha version of Uwerx has launched with a Landing page, Signup page, Login/Sign In page, Forgot Password, Freelancer or Client Initiation page, Initial Step of Job Creation, and Initial Step Of Finding Talent pages, My Activity Page, Hiring Dashboard, and Job Creation Process pages.
The Uwerx team has announced that transitioning to the Beta version will happen soon so that users can start testing it. They also welcome feedback and urge the community to send it to their dedicated email address, [email protected].
SolidProof and InterFi Network audited Uwerx before its presale started. The Uwerx team had also stated their intentions to give up smart contract ownership once Uwerx lists on centralized exchanges.
Following a poll where 82.8% of respondents voted to lock developers’ tokens, the team locked them on June 7, 2023. 98.2% of respondents also voted for a test airdrop; the team believes it will help users confirm their Receiving Wallet addresses.
Forbes reports that 73% of tech companies have added teams of freelancers and employees. Experts see this as a sign of great days for the gig economy. Considering all Uwerx’s offerings, analysts predict the project’s value will go above $3 by the end of next year. This suggests that now is the perfect time to invest in Uwerx.
So, click the links below to learn more about Uwerx and enjoy the 15% purchase bonus:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network