Uwerx will be a brand-new cryptocurrency project, currently in presale which is seeking to disrupt the market for freelance workers. The gig economy is growing fast, and a blockchain offering can bring benefits to workers and employees. The WERX coin is in a token presale and may see better returns than Binance Coin (BNB) and Solana (SOL) which have both been hurt in the bear market.
Binance Coin (BNB) has struggled in the last few months with the collapse of the FTX exchange. Initially, it seemed that the collapse of its rival had left Binance at the top of the mountain for digital asset marketplaces. However, the fallout has only brought scrutiny of its own finances and hurt the price of Binance Coin (BNB). The price of Binance Coin (BNB) has lost over 50% of its value year-to-date, but investors should be careful about the risks.
Binance CEO, Changpeng Zhao, has said that external factors are creating fear among the platform’s users and BNB holders. The exchange has seen larger withdrawals in recent weeks amid concerns over its finances and reports of money laundering charges. A collection of criticisms is putting a cap on the price of Binance Coin (BNB), and even though the CEO expects a bull market in 2023, investors may be wise to look elsewhere for big gains.
Solana (SOL) has been one of the hardest-hit projects in the bear market. Solana (SOL) had been touted as an “Ethereum Killer” and saw its price rise to a record high of $250 in late-November 2021. That was the peak in cryptocurrencies and the price has since crumbled to under $10. That was also driven by some security flaws and hacks which dented investor confidence in SOL.
Solana (SOL) is also being affected by the collapse of the FTX crypto exchange. The founder and CEO of FTX, who is now on house arrest in the US, was a supporter of the project and some investors are wondering whether that inflated the outlook for SOL. Once again, even if we see a bear market in 2023, Solana (SOL) may be slow to recover due to recent technical issues.
Uwerx will be a project that can benefit from a bull market in 2023 as investors should look for a project which is not mired in controversies like Binance Coin (BNB) and Solana (SOL). Uwerx wants to capitalize on the fast-growing gig economy with a decentralized platform that benefits employees and freelancers. Much lower fees, enhanced security for employers, and IP control are examples of what the ledger can bring.
Uwerx will want to take market share from the Upwork platform, which is one of the market leaders. Upwork made $500 million in revenues last year, up 35% year-to-date. The company is valued at around $1.5bn but was once valued at $7.5bn.
Uwerx starts life in the presale at $0.005 and some analysts have talked of a 6,000% upside. It seems likely it will become a dominating force in the freelancing industry with its unique fundamental advantages over traditional freelancing platforms. This is certainly a bold statement, additionally, Uwerx has already completed two audits from both InterFi Network and Solidproof!
The team has also decided to lock liquidity in for 25 years after the presale is complete. To give investors additional reassurance, the founders will renounce contract ownership before they list on a centralized exchange. We strongly believe investors should get in on the presale whilst they can. See below for more details:
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