HomeSponsoredTerra (LUNA) Termed Securities: Uwerx (WERX) Soaring Amid Market Turmoil

Terra (LUNA) Termed Securities: Uwerx (WERX) Soaring Amid Market Turmoil


Uwerx has become the hottest presale project in the coin market. The project aims to disrupt the gig economy with blockchain technology. It will introduce decentralization, transparency, enhanced security, a 1% flat fee, and more to the freelance industry. 

This article will look at the latest developments with Naga (NGC) and Terra (LUNA) after they were termed securities and highlight why analysts predict the Uwerx (WERX) presale to be the start of something huge in the crypto market.

Naga (NGC) Experiences A Price Decline

The price of NGC has fallen by over -20.67% in the last seven days. The project trades at $0.095 and ranks #3862 in the cryptocurrency ecosystem. 

Naga (NGC) made news this week after it appeared among the coins that the U.S. Security Exchange Commission considers securities. Sixty-seven cryptocurrencies made this list amid concern from their investors. 

Naga (NGC) currently boasts of over 1 million users enjoying the ease of trading that Naga (NGC) provides. The platform’s Autocopy feature makes it a favorite among users, allowing them to copy each other, creating a unique social trading environment.

The project was among the coins termed securities by the SEC, leading to investor concerns. With Naga gearing up to introduce the Naga DeFi and Social Betting, analysts see the project reaching $0.18 by the last quarter of 2024.

Terra (LUNA) Founder Faces Jail Term

Following the crash of the project last year, Terra (LUNA), the U.S. Securities and Exchange Commission (SEC), and South Korea filed charges against Terra (LUNA) founder Do Kwon.

The SEC accused Kwon of moving over 10,000 Bitcoin from their failing project and converting them to cash through a Swiss bank. On the other hand, South Korea charged Do Kwon with breaching capital-markets law. The Terra (LUNA) crash led to the loss of over $40 billion in investors’ funds. Terra (LUNA) also found itself listed as security by the SEC,  but despite the ongoing lawsuit, Terra (LUNA) showed a good increase of 3.56%. The project is trading at $0.77, and analysts predict it to reach $5.28

Uwerx (WERX) Prepares To Explode

Uwerx’s ongoing presale has become a sensation among crypto traders. The project’s incredible performance during this presale has earned it over 5,546 signups, 1,620 Twitter followers, and 1,690 Telegram members. 

With the presale selling out fast, the Uwerx team had to revise the token allocation to 427.5 million tokens (57%) out of the 750 million tokens supply. They also raised the project’s launch price to $0.095 – $0.115, reducing their token allocation to 7%.

Uwerx is in the fifth presale stage and selling for $0.05245/WERX with a 15% purchase bonus. Over 20 million tokens out of the 72.5 million for this presale stage have been sold.

This presale success is primarily based on the Uwerx team’s agile methodology approach, which allowed them to release the project in stages while making improvements at each new release. 

The Uwerx team is big on transparency and security. They have shown this by having Uwerx pass audits from SolidProof and InterFi Network before the presale. The team also intends to relinquish smart contract ownership when Uwerx lists on centralized exchanges. 

Moreover, they placed a 25-year liquidity lock on their tokens after  82.8% of respondents in a poll voted for it. In another poll, 98.2% of respondents also voted in favor of a test airdrop which the team believes will enable users to confirm their Receiving Wallet addresses.

Uwerx has already welcomed the Uwerx Vault, a feature that enables users to earn rewards by saving their WERX tokens for a desired period. 

The Alpha version of the Uwerx platform is now live. It currently features a Landing page, Signing Up page, Logging In page, Forgot Password page, Freelancer or Client Initiation page, and My activity page. Additional features include the Hiring Dashboard page, Job Creation Process page, Initial Step Of Job Creation, and Initial Step Of Finding Talent pages. 

The Uwerx team has announced that transitioning to the Beta version will happen soon so that users can start testing the platform themselves. The team also urges users to send feedback to them through their dedicated email, [email protected].

Analysts predict that Uwerx will trade above $3 by the second quarter of 2024. 

With almost 48% of new freelancers perceiving freelancing as a long-term career path, according to Velocity Global, analysts believe the freelance industry will grow significantly in the coming months. 

On Saturday, July 29th, 2023, at 18:00, there will be a price increase from $0.05245 to $0.0564, and along with this increase, there will be an attractive 15% bonus.

Click the links below to learn more about Uwerx and its presale:





*This article was paid for Cryptonomist did not write the article or test the platform.

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