The U.S. Security And Exchange Commission’s recent crackdown has left many crypto projects fighting to stay relevant in the coin market. However, the SEC lawsuit has not affected the new project Uwerx as it is performing well in its presale.
This article will explain how Uwerx is selling out despite the SEC crackdown on cryptocurrencies. But first, we shall look at the recent developments in Amp (AMP) And Mango (MNGO) as the SEC lists them as securities.
Amp (AMP) Declines In Value
Amp (AMP) is an open-source, decentralized protocol that offers instant, verifiable assurances for any value transfer. Networks like Flexa can use Amp (AMP) to quickly and irreversibly secure transactions for asset-related use cases.
The project is ranked #258 in the cryptocurrency market, with a circulation supply of 42,227,702,186. The last seven days saw Amp’s (AMP) price decrease by -16%. Traders believe this price decline is caused by the news that the United States Security and Exchange Commission listed the project as a security among 66 other cryptocurrency projects.
Amp (AMP) trades at $0.002, and analysts predict the project will reach $0.004 by the third quarter of 2024.
Mango (MNGO) Shows Significant Increase In the Last Seven Days
Being listed as a security has not stopped Mango (MNGO) from recording gains in the coin market. Mango (MNGO) has increased by 8.7% in the last seven days. The news is similar in the last 24 hours as Mango (MANGO) has risen by an impressive 19.48% in the past 24hrs.
Following its listing as security by the SEC, Mango (MNGO) holders were concerned about the effects this would have on the project’s value. However, with its value rise, the project has proven that it can withstand the harsh cryptocurrency market.
Mango (MNGO) trades at $0.018 with a market cap of $17,960,266. The project is currently ranked #595 in the entire crypto ecosystem.
Uwerx (WERX) Keeps Selling Out Daily
Uwerx has sold over 300 million tokens since its presale started. This is impressive if you consider that the project achieved this in just two months. This feat has translated to over 5,546 signups, 1,655 Twitter followers, and 1,746 Telegram members for Uwerx.
Because Uwerx was selling out fast, its developers had to find a way to accommodate more investors. They increased the project’s presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. They also reduced their token allocation to 7%, increasing Uwerx’s launch price to $0.095 – $0.115.
Uwerx’s presale success was primarily due to the agile methodology approach taken by its developers. With this approach, the developers were able to unveil Uwerx in stages while making improvements with time.
Uwerx developers also introduced the Uwerx Vault to offer users an additional way to make money from Uwerx. It allows users to store their WERX tokens for a desired duration and earn exciting rewards.
The Alpha version of the Uwerx platform has launched with a Landing page, Signup page, Login/Sign In page, Forgot Password, Freelancer or Client Initiation page, and Initial Step of Job Creation page. The Alpha version also features an Initial Step Of Finding Talent page, My Activity Page, Hiring Dashboard, and Job Creation Process pages.
Uwerx will gradually transition to the platform’s Beta version soon so that users can start testing it. Users are also urged to send suggestions to the Uwerx team’s dedicated email, feedback@uwerx.network.
Since SolidProof and InterFi Network audited Uwerx before its presale started, investors are assured that the project will keep their funds safe. They are also assured of the platform’s transparency. This is because the Uwerx team has placed a 9-month liquidity lock on their tokens starting from June 7, 2023. They have also promised to give up smart contract ownership once Uwerx lists on centralized exchanges.
The Uwerx team also held a poll where 98.2% of respondents voted for a test airdrop. The team believes the airdrop will help users confirm their Receiving Wallet addresses.
Uwerx trades at $0.041, with a 15% purchase bonus. Analysts believe its offerings could pump the platform up to $3 by the third quarter of 2024. With a Forbes 2022 report stating that 73% of tech companies have employed freelancers, experts see Uwerx blowing past this prediction earlier than anticipated.
So, no need to wait. Click the links below to learn more about Uwerx and enjoy 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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
