image1Uwerx is an upcoming project that intends to enhance the efficiency and security of the growing freelance economy by incorporating blockchain technology. With Uwerx, freelancers can benefit from a range of services, including a 1% flat platform fee, transparency, conflict resolution systems, copyright protection, and more incentives for participation.
Though Uwerx offers innovative solutions, other tokens like DragonChain (DRGN) and Algorand (ALGO) have been in the spotlight long before Uwerx. Will Uwerx offer investors higher profits than these two established cryptos? Let’s find out.
Can DragonChain (DRGN) Recover After Declining Due To The SEC’s Probes?
DragonChain (DRGN) is a hybrid open-source blockchain that allows developers to build interoperable dApps. It also uses its interchain to integrate with external blockchains like Bitcoin (BTC), Ethereum (ETH), and Binance Smart Chain (BSC).
DragonChain (DRGN) has experienced a hard time gaining momentum in the past few months. In August 2022, the SEC sued the blockchain platform and its founder, John Joseph Roets, for raising $16.5 million in 2017 from issuing the DRGN token, which the regulator alleges was an unregistered crypto asset security.
Recently, on March 29, 2023, SEC’s lawsuit against crypto trading platform Beaxy also hit Braverock Entities, which acted as a market maker to DragonChain (DRGN).
SEC Vs. Binance and Bittrex: Algorand (ALGO) Is Fatally Hit
The recent shockwaves that hit the market this week following SEC’s legal action against Binance, and its CEO, Changpeng Zhao (CZ), massively affected Algorand (ALGO).
Algorand (ALGO) was listed among what the SEC termed ‘unregistered securities.’ The token was also included in the SEC Vs. Bittrex lawsuit in April and had the largest market cap among the other listed cryptos.
As a result, the ALGO token fell by 18.48% within the week. However, the token has been picking up within the last 24 hours. The ALGO token is trading at $0.12, with an increase of 1.13%. This sense of optimism corresponds with the recent release of AlgoKit v1.1 and the exciting announcement of the AlgoBuilders program. The AlgoKit v1.1 upgrade introduces support for typed client generation, enabling developers with capabilities in Python and TypeScript. This will attract more developers to Algorand’s (ALGO) blockchain.
In addition, the AlgoBuilders initiative, a joint effort between AlgoFoundation and TheBAFNetwork, connects student developers based in the U.S., Canada, and LATAM with venture capitalists, developer relations experts, and industry pioneers. This initiative aims to stimulate innovation and nurture the expansion of a vibrant ecosystem around the ALGO token.
Experts Believe Uwerx (WERX) Could Be A Blue-chip Crypto
A 2022 Forbes report quoted that McKinsey, a global management consulting firm, estimates a global record of 500 million freelancers will be working through platforms before 2030. Uwerx will be a decentralized protocol on the Polygon (MATIC) network, where freelancers can enjoy a meager platform fee of 1% and a prompt payment system, amongst other services.
To ensure its true decentralization, the Uwerx team plans to renounce all smart contract ownership after listing the project on centralized exchanges. Additionally, the team placed a 25-year lock on developers’ tokens on Wednesday, June 7 – eliminating any scams or rug pull risks. This was supported by 82.8% of the Uwerx community.
Furthermore, Uwerx developers have launched the platform’s Alpha version with features like a Landing page, Signup page, Login/Sign In page, Forgot Password, and a Freelancer or Client Initiation Page.
Other features include the Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, Hiring Dashboard, and Job Creation Process pages. Meanwhile, the Beta version will soon be available for users to interact with. They can send their reviews and recommendations through the dedicated feedback email, [email protected].
As a result, its team increased the presale token allocation to 57% (427,500,000 tokens) of the 750 million total token supply. It also reduced the team’s token allocation to 7% to prioritize user benefits. Investors are assured of the safety of their funds as the project was audited by InterFi Network and Solidproof long before presale began.
Furthermore, the team plans to run a test airdrop to ensure all token holders have their correct receiving wallet addresses, supported by a 98.2% vote from the Uwerx community. In addition, token holders can store their assets to earn interest depending on platform variables. This feature will encourage more user engagement on the platform.
Amidst the various class actions occurring in the crypto space, the Uwerx presale is progressing successfully thanks to the agile methodology approach adopted by the developers. This has helped them release the project in stages while making significant improvements over time. It has also increased their confidence in the project’s performance as they increased the coin’s launch price to $0.095 – $0.115.
On Saturday, 29th July 2023, at 18:00, there will be a price increase from $0.05245 to $0.0564 for the tokens, which will be complemented by a 15% bonus.
Experts predict Uwerx could surge to $2.7 by Q4 2023 and then to $3.00 by 2024. Hurry now to participate in the presale, as the project has been gaining global attention. Early buyers will enjoy a 15% purchase bonus and an upcoming referral bonus.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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