Can Cardano (ADA) And Fantom (FTM) Survive Being Listed As Securities As Uwerx (WERX) Prepares To Outperform Them?

Any crypto project that shows great earning potential is always considered a must-have project by investors. Uwerx’s presale success has placed it among projects that analysts have tipped for success in the coin market.

This article will look at the features of Uwerx and why investors treasure it. Before that, we shall explain how the current market has affected Cardano (ADA) and Fantom (FTM). 

The IOG Insists That Cardano (ADA) Is Not A Security

Following the news that the SEC listed Cardano (ADA) as a security, the blockchain research and engineering firm behind Cardano (ADA), Input Output Global (IOG), has disagreed with the SEC. On June 6, 2033, the IOG stated that Cardano (ADA) has never been a security under the United States Security law. 

They explained that all they did was enhance and expand the functionality of the Cardano blockchain, just like a software developer enhances a product. They contend that this process does not imply the sale of a security.

The CEO of Cardano (ADA) Foundation, Frederik Gregaard, also chipped in, stating that the lawsuit will not affect the company’scompany’s operations and that they look forward to the continued engagement with regulators and policymakers to achieve legal clarity and certainty on these matters.”

Cardano (ADA) has risen above the SEC suit to increase by 4.65% in the past 24hrs. The project currently trades at $0.28 with a market cap of $9,868,112,112. Analysts predict the ADA token to reach $0.50 by the first quarter of 2024.

Fantom (FTM) Begins To Recover

After Fantom (FTM) announced on May 25 that it had burned 10,000,000 $FTM forever, the project began to see an increase in adoption. This led to a slight rise in price. The project became an official partner for Web3 Berlin on May 30, 2023. The Web3 conference focuses on inclusivity, education, networking, and onboarding people to the Web3 space.

Fantom (FTM) ended the month of May 31 by announcing that Gas Monetization has launched on their platform, offering dApps a 15% share of the gas fees they generate.

The project fell in value after it was listed by the SEC as a security. Its holders feared that this listing would affect Fantom’sFantom’s (FTM) price, leading to a decline. However, Fantom (FTM) has increased by 2.04% in the last 24hrs. The project currently trades at $0.25 with a market cap of $685,798,883.

Uwerx (WERX) Prepares To Make Its Mark In The Coin Market

Uwerx’s outstanding performance in its ongoing presale has amazed investors and its developers. It has also amassed Uwerx over 5,546 signups, 1,647 Twitter followers, and 1,736 Telegram members. 

Stunned by the presale performance, the Uwerx team had to make some changes to the project. They increased the token allocation to 427.5 million tokens (57%) from the 750 million tokens supply. They also raised Uwerx’s launch price to $0.095 – $0.115 and reduced their token allocation to 7%.

Uwerx owes a huge part of its presale success to the developers’ agile methodology approach. This method involved releasing the project in stages while making improvements at each new release. 

Now in its fifth presale stage, Uwerx is selling out fast again. Out of the 72.5 million tokens awarded at this stage, investors have bought up more than 20 million tokens. This is unsurprising, as Uwerx offers a 15% purchase bonus when you buy WERX tokens for the current price of $0.041/WERX.

Committed to promoting transparency and ensuring top-tier security, the Uwerx team placed a liquidity lock on their tokens which will last for nine months from June 7, 2023. They also plan to relinquish smart contract ownership when Uwerx lists on centralized exchanges. This is not counting that they put Uwerx through audit approvals from SolidProof and InterFi Network.

The team also conducted a poll where 98.2% of respondents voted in favor of a test airdrop which the team believes will enable users to confirm their Receiving Wallet addresses.

Interestingly, Uwerx has a feature, the Uwerx Vault,  which gives users an additional means to earn from Uwerx. It allows users to store their tokens for a desired duration and rewards them.

Uwerx has also launched the Alpha version of its platform features a Landing page, Signing Up page, Logging In page, Forgot Password page, and Freelancer or Client Initiation page. It also features a My Activity page. Additional features include the Hiring Dashboard page, Job Creation Process page, Initial Step of Job Creation, and Initial Step of Finding Talent pages. 

The Uwerx team will transition to the Beta version soon so that users can start testing the platform themselves. They also urge users to send feedback to them through their dedicated email, [email protected].

Velocity Global reports that almost 48% of new freelancers perceive freelancing as a long-term career path. Experts believe this could translate to more people turning to freelancers to get their job done. Analysts predict that Uwerx will reach $3 within the first quarter of 2024.  

Click the links below to learn more about Uwerx and its presale and get your share of 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

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.