Recent developments have brought triumphs and challenges to various projects in the market. One project that has recently achieved an incredible milestone is Uwerx, while others, such as Internet Computer (ICP) and The Sandbox (SAND), are grappling with additional regulatory scrutiny from the Securities and Exchange Commission (SEC).
Will the embattled cryptos scale through? That is hard to tell at this point. However, Uwerx, a presale token having a field day, has proven to be an investment-worthy option.
SEC Lists Internet Computer (ICP) as a Security
Following the SEC’s lawsuits against Coinbase, Internet Computer (ICP) experienced a decline in its value. The SEC has categorized Coinbase as an unregistered exchange, subsequently leading to Internet Computer (ICP) being classified as a security. However, the DFINITY Foundation has consistently maintained that the allegations against ICP were merely a misunderstanding.
The Internet Computer (ICP) network has proactively engaged its community and fostered increased user participation. These initiatives include a grants and bounties giveaway program aimed at incentivizing and rewarding contributors on the network.
The exchange rate canister is a recent addition to the Internet Computer (ICP) network. This canister enables the provision of services from various applications within the network.
Uwerx (WERX) Maintains Steady Momentum
Uwerx’s impressive presale achievement highlights the potential for projects to capture investor attention and build strong communities through innovative approaches. The success of Uwerx underscores the disruptive power of cryptocurrencies and their potential to reshape traditional industries.
However, the challenges faced by Internet Computer (ICP) and The Sandbox (SAND) in navigating SEC regulations emphasize the importance of compliance and proactive engagement with regulators.
Uwerx strongly emphasizes security and transparency, earning the trust of auditors such as SolidProof and InterFi Network, who have granted the project audit approvals. Uwerx has decided to renounce its smart contract rights to prioritize community engagement upon listing on centralized exchanges.
A 2022 Forbes report revealed that over 71% of industry leaders have admitted to relying on the services of independent contractors during financial downturns.
The recently released Alpha version introduced eight new pages, including the Job Creation Process, Initial Step of Finding Talent, Freelancer or Client Initiation, My Activity, Hiring Dashboard, Login/Sign in, and Forgot Password pages. Additionally, the initial pages encompass the Landing and Sign-up pages, laying the foundation for a seamless user experience.
The upcoming Beta version, set to replace the Alpha version, will allow users to test the platform’s functionalities. Users can share their suggestions and comments through the dedicated feedback email, feedback@uwerx.network.
After an encouraging 82.8% community vote, the team has locked their liquidity tokens as of June 7, 2023. This proactive measure protects the platform against potential risks, including rug pulls.
In another exciting development, Uwerx has unveiled the Uwerx Vault, a storage feature that rewards users with WERX tokens when they leverage it to store valuable assets. The test airdrop, initiated through a 98.2% community vote, will commence on a specified date, with submitted receiving wallet addresses duly validated.
Notably, over half of the Uwerx tokens, specifically 427.5 million out of a total supply of 750 million, were made available during the presale.
The originally planned 10% price hike has been revised to a more modest 7.5% increase. This adjustment will elevate the price from $0.05245 to $0.0564. This change is set to take effect at 18:00 UTC on the upcoming Saturday, July 29th, 2023.
The Sandbox (SAND) Battles SEC Lawsuits
The Sandbox (SAND) is encountering the effects of SEC regulations on Coinbase and Binance. The SEC alleges that The Sandbox (SAND) qualifies as a security and has failed to meet regulatory obligations by failing to register as one. This unexpected legal situation has resulted in considerable setbacks in its trading prices.
The project’s COO has boldly confronted the matter, vehemently disputing the SEC’s classification of The Sandbox (SAND) as a security. As the crypto space ripples with anticipation, The Sandbox (SAND) glides in the market at $0.478, gracefully weathering a 14.85% downturn in the past seven days.
Nevertheless, the project remains steadfast in its unwavering commitment to delight its users. The Sandbox (SAND) recently unveiled a mesmerizing NFT summit, forging partnerships with reputable brands and captivating new NFT avatars to adorn its vibrant platform.
In an exciting leap forward, the metaverse has warmly embraced Forkast Lab, a visionary intelligence protocol, enhancing the allure and potential of The Sandbox (SAND) ecosystem.
Uwerx has established a solid foundation for sustainable growth by prioritizing security, transparency, and community engagement. While the SEC regulations continue to impact Internet Computer (ICP) and The Sandbox (SAND), Uwerx’s journey inspires projects aiming to thrive. You can join Uwerx and enjoy amazing presale bonuses by clicking the links below.
Website: https://www.uwerx.network
Presale: http://invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/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.
