Due to the recent claims made by the SEC against Coinbase, Voyager Token (VGX) and Chiliz (CHZ) have witnessed a major decline in market price. The allegations, which center on securities law violations and using unregistered exchanges, are considered a possible threat to the core values of DeFi and the crypto market at large.
On the other hand, upcoming platforms like Uwerx show immense growth potential. It does not have the inherent risks found in most projects without real-world utility.
Let’s examine how Voyager Token (VGX) and Chiliz (CHZ) have fared to know if Uwerx (WERX) can outrun them.
Bankruptcy Issues: Voyager Token (VGX) Fails To Meet Investors’ Expectations
Voyager Token (VGX) currently trades at $0.095, signifying a 6.81% decrease in the past day. Its weekly chart also shows a 21.99% decrease. This loss is due to the recent callout by the SEC when it sued Coinbase.
Voyager Token (VGX) is the native token of Voyager, a popular crypto trading platform for digital assets. Voyager grew exponentially due to its user-friendly mobile app and free commission trading. However, the exchange filed for bankruptcy in July 2022.
Although Binance.US offered to buy out the Voyager for $1 billion, the deal was hijacked by U.S. regulatory bodies and couldn’t pull through. After a recent court filing, Paul Hage, Voyager’s bankruptcy administrator, announced that the bankrupt trader would reopen its mobile app for its creditors to withdraw 35.72% of their claims. The app will be reopened around June 15, while withdrawals might start between June 20 and July 5.
Chiliz (CHZ): Hype Around Ankr Partnership Falls As SEC Lists It As A Security
On June 1, Chiliz (CHZ) announced its collaboration with Ankr as the primary RPC provider for its chain. However, the development didn’t get much reaction from Chiliz (CHZ) holders, as the token seemed to continue its bearish momentum.
RPCs are software applications that enhance connectivity between blockchain networks and other applications such as dApps, crypto wallets, or centralized exchanges. In other words, This collaboration will increase activity on the Chiliz (CHZ) Chain and increase the value of the CHZ token.
However, the CHZ token slipped down to $0.065, having lost by 25.48% within the past week. It also decreased by 4.34% in the past day.
Uwerx’s (WERX) Presale Hints At Its High Growth Potential
Many investors have eagerly rushed to buy the WERX token before its presale ends on July 31, 2023. This is hardly surprising given that Uwerx has already demonstrated an impressive uptick in value, jumping from 0.005 to its current presale price of $0.041.
This growth is due to the agile methodology approach adopted by the developers. This strategy has helped them release the project in stages while making significant improvements over time.
Uwerx’s growth is also evident in its growing community as it records 6,953 signups, 1,639 Twitter followers, and 1,803 members on Telegram while in its 5th presale stage. Meanwhile, experts speculate the WERX token could hit $2.7 by year-end.
In response to the rising demand, the Uwerx team reduced its token share to 7% and increased the presale token allocation to 57% (427,500,000 tokens) of the 750 million token supply.
There are several reasons why Uwerx is so exciting, not least of which is its innovative use case. Firstly, the project was audited by InterFi Network and SolidProof even before the presale began. Secondly, the developers plan to forfeit their smart contract ownership after listing the WERX token on centralized exchanges.
Thirdly, the developers already locked their liquidity for the next 9 months on Wednesday, June 7. This decision was approved by 82.8% of the community. With these measures, investors are assured of the security and longevity of the project.
Uwerx has begun the move toward its full launch. The developers have released its Alpha version, which already has a Landing page, Signup page, Login/Sign In page, Forgot Password, and a Freelancer or Client Initiation Page. Other features include the Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, Hiring Dashboard, and Job Creation Process pages.
More features were recently added. They include Settings, Freelancer Profile Creation, Milestones, and Application Boosting using the WERX token. The Job application Page was revamped to make it easier and quicker for freelancers to apply for jobs.
Furthermore, the next sections of the platform, which are the Freelancer Dashboard, Client Dashboard, and Tools, are already in the works.
So much progress has been made with the Beta version, which has been under development for a while now, and the team will announce more updates soon.
The Beta version will soon be available for users to interact with. They can send their reviews and recommendations through the dedicated feedback email, feedback@uwerx.network.
Uwerx also has a Vault system where users can store their assets to earn interest based on platform variables. This feature will encourage more user engagement on the platform. In addition, token holders will soon receive a test airdrop to ensure they have their correct receiving wallet addresses. This move was approved by 98.2% of the community.
While Voyager Token (VGX) and Chiliz (CHZ) have had their moment, their recent performance has been lackluster. However, the global freelance market is expected to have a CAGR of 15% through 2026, as reported by the TUC newsletter.
This data shows that Uwerx already has a massive and viable market to tap from. As a result, many industry analysts expect Uwerx to outperform the previously mentioned cryptos.
Enjoy early investor advantage by joining the Uwerx presale today. Follow the links below for a 15% bonus on your purchases.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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