SEC Sues Binance: What This Means For Paragon (PRG) And Nexo (NEXO). Uwerx (WERX) Keeps Selling Out
With the world’s largest crypto exchange, Binance, sued by the SEC, most cryptos are in trouble. Cryptos like Paragon (PRG) and Nexo (NEXO) have been listed as securities, leaving their token holders needing clarification on what step to take next.
On the other hand, a new crypto, Uwerx, has been a profit deliverer for its holders. Uwerx’s presale has been fast-paced, with the WERX token constantly selling out. Its presale is now in stage 5, and the WERX price has remained bullish.
Paragon (PRG) Has Been On SEC’s Watchlist For A While
Paragon (PRG) is a revolutionary protocol bringing crypto to the legal cannabis industry. However, Paragon (PRG) has not been in motion since 2021. In 2022, the SEC filed a lawsuit against the protocol, stating Paragon (PRG) failed to submit its periodic reports as requested by the letter sent to it. Also, it failed to register its initial coin offering (ICO).
Fast forward to 2023, Paragon (PRG) has been listed by SEC as security and will be delisted.
Analysts are extremely bearish on Paragon (PRG) as the protocol declared bankruptcy and will sunset its platform.
Nexo (NEXO) Plans To Shut Down Two Of Its UK Offices
Nexo (NEXO) is a lending platform that has quickly attained success since its launch in 2018, having branches in countries like the UK and the US.
However, with the legal uncertainties in Europe, Nexo (NEXO) decided to close two of its subsidiaries in the UK. Due to regulatory issues, Nexo (NEXO) also stopped its Earn Interest program for the US in April.
Despite these, Nexo (NEXO) is still onto big things. It recently launched a $150 million Web3 investment fund to further facilitate the adoption of digital assets and expansion of the Web3 ecosystem.
Uwerx (WERX) Is Selling Out
Uwerx will be a blockchain-powered freelancing platform bringing decentralization and a 1% service fee. Uwerx has already launched its platform’s Alpha version. So far, ten features have been released: Logging and Sign-Up Pages, Forgot Password, Freelancer or Client Initiation, Initial Step of Job Creation and Finding Talent, My Activity Page, Hiring Dashboard Page, and Job Creation Process Page. The other platform features will be released subsequently.
Also, Uwerx will transition to the Beta version, where users can test the platform themselves.
Another innovative feature of Uwerx is the Uwerx Vault. This will ensure user engagement and reward by providing safe storage for token holders to store their WERX tokens for an extended period.
A part of Uwerx’s success can be attributed to the agile methodology leveraged by Uwerx’s developers to roll out the project in batches while considering user feedback.
Due to rising demands, the presale WERX allocation was increased to 427.5 million (57%), with 72.5 million available in stage 5. The total WERX supply after launch is 750 million.
The planned rate hike scheduled for Saturday, July 29th, 2023, at 18:00 UTC has been adjusted. Instead of the original 10% increase, the price will now rise from $0.05245 to $0.0564, reflecting a 7.5% increment The presale ends on July 31, 2023.
The Uwerx team has reduced their token allocation to 7% for users’ benefit and will renounce smart contract ownership once Uwerx is listed on centralized exchanges. With an 82.8% vote, they started the 25-year liquidity locking on developers’ tokens to avoid all chances of rug pull.
With a 98.2% vote, the team will conduct a Test Airdrop to verify users’ receiving wallet addresses. They are user-centered, meaning they love hearing from the community. As such, they created an email, [email protected], where users can send their feedback and opinions.
Uwerx is a game changer for the freelancing industry. If you are looking to tap into the billion-dollar gig economy and earn better, you should consider becoming a WERX holder. Join the presale now for a 15% bonus by following the links below:
Presale: https://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.