Spike in Ethereum (ETH) Gas Fees Concerns Everyone But Not the Uwerx Users

The frenzy in meme coins sent Ethereum’s transaction cost to a 12-month high with the increased network uses. It also promoted a considerable increase in the Ethereum burn rate, causing issues for ETH-supported but non-meme users.

The recent success of PEPE, the toad-memed crypto, waved the entire crypto industry. It further renewed interest in other meme coins like 4TOKEN, DINO, and CHAD. All these assets rely on the ETH chain, making gas fees hit the roof.

An exponential increase in demand requires an average cost of over $21 for each transaction. And the gas fees stand at $27, marking the first major high in a year. However, 2021’s bull market had the gas fees at their all-time peak, costing nearly $70.

This rise concerns many short-term investors, not interested in the meme coin frenzy. ETH is already known for its notoriously high gas fees. But Uwerx users remain free of such troublesome increments as it relies on a different blockchain.

Why is Uwerx the Best Project to Invest in 2023?

Uwerx is the first-of-its-kind freelancing platform backed by a blockchain network with a native crypto token, WERX. It’s ready to redefine the gig economy by collaborating the cryptocurrency market with the ever-growing freelance industry.

Freelancers now represent 46.5% of the active workforce, increasing the demand for remote workers. A recent survey revealed 57 million Americans in the gig economy, where 51% expressed no intention to switch the field for traditional jobs.

The developed countries urgently need tech talents, digging deeper into the freelancing industry. And this trend expectedly increased the use of freelance platforms, highlighting their applicability and potential limitations toward workers.

Uwerx can remove these questionable issues from the industry with superior features and fees. The transaction fee is a mere 1%, marking a noticeably lower cost than others. Newbie freelancers can benefit more from this minimal rate.

Other drawbacks like monotonous assignments and sensitivity to security regulations are also resolved in the platform. Advanced features like gamification can help freelancers confront their pessimistic approach to certain tasks.

InterFi Network and SolidProof already had an audit to assure maximum security measures for the much-valued and well-appreciated project. The WERX token is now in presales, creating a buzz among the concerned communities.

Joining the Presales Can Deliver High Profits

At the fourth stage of presales, each WERX token now costs $0.0315 with a 20% bonus for new clients. And the projected market price will multiply from $2.2 to $3.0 by the third quarter of 2023. Analysts are quite optimistic about WERX’s potential and performance in the competitive market.

Upcoming features will also help the already-hyped token reach new heights in the industry. A Test Airdrop is underway, whereas the Team Lock for tokens is about to be scheduled. Recent Twitter polls revealed users’ interest in the two, making the team organize the implementations.

The renouncement of contract ownership is another one to catch the attention of many investors. Listing on centralized exchanges will enable the anticipated feature to reduce tax worries. Uniswap, one of the largest decentralized exchanges, will introduce WERX in its portfolio on August 01, 2023.

Five token allocations are set to change to cope with the exploding demand:

• Presale: An increase to 57% from 45% to renew confidence.
• Founding Team: A reduction to 7% from 8% to prioritize user benefits.
• Partnership incentives: A reduction to 3% from 7.5% after reviewing new information.
• User performance incentives: A decrease to 6.5% from 15%.
• Joining incentives: An increase to 6.5% from 4.5% to attract more users.

The presales will end on July 31, 2023, but the team will lock the sold tokens in its liquidity pool before that. So, early investors will receive more gains once the crypto starts to hit the roof.

Ethereum is the largest blockchain to back many crypto assets, giving tensions with hikes and plunges. But the comparatively new Uwerx has advantages like no other, making it a subtle investment.

Make sure to join the presales with one of the following links –

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.