The crypto market has majorly traded in the red since the week began, and some of the root causes can be traced back to SEC’s recent filing against Binance. The famous centralized exchange’s BNB token dropped below $300 for the first time in months, and sellers have frantically rushed to the exit. Amidst this upheaval, we see Uwerx doing better on presale, nearing $2 million more than ever. The project is the newest innovation in the crypto landscape, and it has a better shot at a price pump, being a new project offering new liquidity.
Uwerx (WERX) Could Provide Some Gains
Uwerx is a crypto project with plans to launch blockchain-powered solutions for the freelance industry. As blockchain advances to multiple sectors, the crypto project is determined to pioneer another advancement into the gig economy. The freelance industry is a goldmine of opportunities, and data shows that 21% of freelancers in the field earn over $100,000 or higher as of 2018. There are opportunities for them to earn even bigger, with Uwerx in the picture.
The Uwerx freelance platform will charge a 1% flat fee, which is relatively lower than the 10-15% charged by other freelancing platforms. The platform will also introduce reward and recognition systems where freelancers get paid for their contributions and hard work. Uwerx is a decentralized freelance platform that presents the best features and helps freelancers broaden their client base and earn more.
Binance (BNB) Recent SEC Trouble
Binance (BNB) has been under fire recently after getting called out by the U.S. Securities and Exchange Commission (SEC). According to press releases following the occurrence, the SEC claimed that the exchange platform operated unregistered national securities exchanges, broker-dealers, and clearing agencies. The body further stated some of Binance’s unregistered products, which include the staking programs, its native exchange tokens, BUSD and BNB, and, lastly, certain crypto lending products.
BNB price plummeted following these claims, and we see some major altcoins follow suit. Following this news, investors have withdrawn at least $165.4 million in ETH and $292.9 million in BTC from the centralized exchange platform and predictions are that BNB could be trading below $250 soon. The fear is heightened, and investors are on their toes regarding what could happen with the lawsuit moving forward.
Uwerx (WERX) Presale
At the present moment, the fifth stage of the presale is providing tokens at a favorable rate of $0.05245, accompanied by an alluring 15% bonus. This situation creates a promising chance for individuals to participate. It is important to be aware that the price will escalate to $0.06294 on Tuesday, February 25th, 2023, at 18:00 UTC.