SPONSORED POST*
The FTX crash was a disaster for the market in several ways, but the market has bounced back really well since then. The event took a lot of money out of the market, but the market is already back to pre-FTX momentum. However, centralized exchanges continue to deal with the event’s aftermath, considering it’s one of them. Other exchanges have been subject to more scrutiny and increasing regulatory crackdown, and let’s see how Binance is fairing.
Also, Uwerx is an emerging project to check out as the project begins to clear out a massive volume on its Stage 6 presale.
Summary
Binance Coin (BNB) Amid Binance’s Troubles
Following the FTX crash, Binance came under intense scrutiny as most crypto enthusiasts believed the CEO of Binance, Changpeng Zhao lit the fire on FTX. Binance survived a bank run, published Proof-of-Reserves, and went through audits to prove its exchange is in perfect condition.
However, as the market regained its lost value, Binance’s market share dropped to its lowest in eight months. Binance still leads the market in trading volume but its market has declined over the past three months since reaching an annual high of 57% in February.
This occurs at a time when the exchange is being investigated by US authorities and has suspended operations in Canada because of regulatory issues. This is happening while there are rumors that Binance let go of 20% of its workforce. The exchange’s Australian division also ran into issues earlier in the week, with BTC trading on Binance Australia at a 20% discount when it stopped allowing Australian dollar bank transactions, so Binance Coin (BNB) is not having a great week.
Uwerx (WERX): Emerging Blockchain-Based Freelance Platform
Uwerx is a new Ethereum-based freelance project with massive prospects for growth as the project garners more attention. With over 8,000 early signups, Uwerx is prime for growth, and the network aims to help its early investors profit from their entry point on presale. Although the project is on Stage 5 presale and the price offer has increased over time, at $0.041, early investors are still in for a possible 50x, according to expert predictions.
Uwerx might be the best freelance solution to have emerged over the past few years, especially with its novel features enabled by the blockchain. Uwerx will incentivize activity on its platform and reward users with WERX tokens that will become tradable once the project launches.
The same WERX tokens are the network’s primary utility and governance token, allowing holders to stake them for veto power to create proposals and vote consensus. As a decentralized freelance platform, Uwerx gives value back to active participants.
However, it’s particularly preferred by freelancers and clients because it makes finding talents and finding opportunities way easier. And then the 1% fee? The best the gig market has ever seen.
Stage 5 of the presale is now in progress, providing tokens at a favorable rate of $0.05245, accompanied by a generous 15% bonus. It’s an excellent opportunity to get involved. Be advised though, the token price will surge to $0.06294 on Tuesday, February 25, 2023, at 18:00 UTC.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_networkÂ
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.networkÂ
*This article was paid for Cryptonomist did not write the article or test the platform.
