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The SEC has cast a cloud of uncertainty over the market by designating various projects as unregistered securities. Crypto exchanges now fear regulatory backlash, making trading difficult for some tokens.
Many traders believe that the recent announcement by Robinhood Marktets Inc that it will drop Solana, Cardano, and Polygon from its platform on June 27 is a result of the regulatory This article will look at the sensational presale of Uwerx and highlight how the SEC brawl has affected Cosmos Hub (ATOM) and Filecoin clampdown by the SEC.
Uwerx (WERX) Is Set To Join The Growing Gig Economy
The freelance industry is fast becoming a major player in the world market. Velocity Global reports that about 36% of U.S. workers are now into freelancing. While this percentage is impressive, market experts see it doubling in the next seven years.
The new project, Uwerx, prepares to join this growing market with exciting features that experts believe would revolutionize the industry. Uwerx will bring decentralization, a 1% transaction fee, fast payments, intellectual property rights protection, and more.
Currently in its fifth presale stage, Uwerx has been performing above expectations. The project is selling for $0.041, with a 15% bonus. As expected, traders are joining the Uwerx community. The project now boasts of over 5,546 signups, 1,647 Twitter followers, and 1,736 Telegram members.
Because Uwerx sold out quickly in its presale stages, Uwerx developed raised the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. They also raised Uwerx’s launch price to $0.095 – $0.115, reducing their allocation to 7%.
Audited By InterFi Network and SolidProof
InterFi Network and SolidProof have audited Uwerx before the presale to assure investors that the project is secure. The Uwerx team has also started a 9-month lock on their liquidity tokens and has promised to give up smart contract ownership when Uwerx lists on centralized exchanges.
To let users appreciate the offerings of Uwerx, the Uwerx team launched the Alpha version of the Uwerx platform. This version features a Landing page, Sign-up page, Login page, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation process pages.
The team will introduce the Beta version of the platform soon to enable users to interact with it. They also urge users to send their suggestions and recommendations to [email protected].
As a community-centric team, the Uwerx team conducted a poll asking the community to vote for a test airdrop. 98.2% of respondents voted in favor of the test airdrop, and the team believes this will enable users to verify their Receiving Wallet addresses.
The team has announced a new feature, the Uwerx Vault, enabling users to save their WERX tokens for various lengths. The feature is similar to staking, as it rewards users for saving their tokens.
Cosmos Hub (ATOM) Falls Under SEC Brawl With Binance And Coinbase
Cosmos Hub (ATOM) has fallen by -13.03 & in the last seven days. This is following the SEC listing the project as a security. On June 9, Cosmos Hub (ATOM) announced the release of its latest IBC, IBC-go v7.1.0. This version will offer features such as Introduced support for Localhost clients and Introduced functionality for recording total escrowed tokens.
This development has assured Cosmos Hub (ATOM) holders that the project is focused on their roadmap, regardless of the SEC listing.
Cosmos Hub (ATOM) currently trades at $8.70, with a market cap of $3,016,091,343.
Even with analysts predicting the coin to reach $19.01 by the third quarter of next year, many experts are skeptical about the project getting to that benchmark by next year. Some are already seeking alternative coins that promise better-earning potential.
Filecoin (FIL) Nosedives In value After SEC Listing
The catastrophic crash of Filecoin is another example of the impact of regulatory uncertainty and the SEC crackdown. The price of Filecoin (FIL) has fallen by over -17.06% in the last seven days, leaving its holders in panic. Many of them fear that the project could fall even deeper before the end of the day
Filecoin (FIL) currently trades at $3.51 with a market cap of $1,505,712,182. Analysts predict the project; we get to $6.01 by the last quarter of 2024. Despite the high prediction, analysts believe Uwerx is a better alternative than Fantom (FTM) andCosmos Hub (WATOM). Based on its offerings, analysts predict Uwerx’s price will surpass $3 by June 2024.
As a result, we advise traders to learn more about Uwerx and get their hands on the 15% purchase bonus by clicking the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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