The dynamic crypto market is now a hot topic as experts eagerly await the future effects of SEC’s intensified lockdown on cryptocurrencies. Mirror Protocol (MIR) and COTI (COTI) are among the tokens involved.
Meanwhile, analysts continue to predict that Uwerx could be one of the top investment opportunities of 2023. In this article, we’ll explore why Uwerx is so eagerly awaited.
Mirror Protocol (MIR) lumped with Terraform Labs in SEC lawsuit
The MIR token is the governance token for Mirror Protocol. This synthetic asset trading protocol gives users on-chain exposure to real-world assets without having to own them.
Terraform Labs launched the protocol on December 3, 2020. It featured Mirrored Assets (mAssets), synthetic derivatives of real-world assets such as Apple and Tesla.
On February 16, 2023, Terraform Labs and its founder, Do Kwon, were charged with fraud and sued by the SEC. The regulatory body also classified 16 crypto assets on the Terra (LUNA) ecosystem as securities. These include Terra Luna Classic (LUNC), Terra Classic USD (USTC), Mirror Protocol (MIR), and about 13 Mirrored Assets (mAssets).
As a result of these lawsuits, Mirror Protocol (MIR) is now trading at USD 0.023, after losing 23.06% in the past week. However, the token has recovered by 2.84% in the last 24 hours.
COTI (COTI) caught in the web of regulatory oversight
COTI (COTI) is another victim of the SEC’s recent lawsuit against Binance and Binance.US. The token is down 24.36% over the past week and is trading at USD 0.047.
COTI (COTI) was named as security in the lawsuit against Binance on Monday, June 5. The COTI token powers the platform of the same name, which serves as a decentralized payment solution for enterprises and organizations.
Since COTI (COTI) is traded on the Binance exchange, it fell next to the BNB token after the announcement by SEC. However, the token may rise as it is up 3.7% in the last 24 hours.
Uwerx (WERX) offers great returns with minimal risks
Upwork reported revenue of $566.6 million in 2022. This amount reflects a 23% increase over revenue in 2021. However, Uwerx is a new freelance platform that builds on Polygon’s (MATIC) network. The offering offers a competitive advantage over existing platforms such as Upwork and Fiverr.
The platform has just launched its Alpha version, offering early adopters a view of what it has to offer. It features a landing page, login page, login/login page, forgot password, and a freelancer or client initiation page. Other features include First Step to Job Creation and First Step to Talent Discovery pages, My Activity, Hiring Dashboard, and Job Creation Process.
Meanwhile, the current version will soon move to the beta version, which users can interact with. They can send their reviews and recommendations to Uwerx’s dedicated feedback email at [email protected].
Analysts expect its WERX token to hit $2.7 by Q4 2023. At 18:00 UTC later today, the price of the tokens will increase from $0.05245 to $0.0564 accompanied by a generous 15% bonus.
As more investors came into the Uwerx presale, the Uwerx team reduced the token allocation from 8% to 7%. It also increased the token allocation for the presale to 57% (427.5 million tokens) of the supply of 750 million tokens. This was done to accommodate more buyers. In addition, it will perform a test airdrop for all token holders to verify that they have correctly entered their receiving wallet addresses. This decision was approved by a 98.2% community vote.
Meanwhile, Uwerx promises investors security and maximum profit. It has already received audit approval from SolidProof and InterFi Network. Moreover, the developers will forfeit their smart contract ownership once the project is listed on centralized crypto exchanges. The developers also blocked their liquidity for 9 months to show their commitment to the project. This slot was supported by 82.8% of the community and deployed on Wednesday, June 7.
Finally, Uwerx encourages token holders to store their assets in the Uwerx vault in exchange for interest. This feature is like strike and will promote more user activities on the platform.
The remarkable progress of the Uwerx presale can be attributed to the agile methodology approach of the developers. This strategy helped them execute the project in phases and make significant improvements over time.
While Mirror Protocol (MIR) and COTI (COTI) hope for a recovery, investors are more interested in Uwerx as it offers even greater potential for significant gains. Later today at 18:00 UTC, the price of the tokens will increase from $0.05245 to $0.0564, and there will also be a generous 15% bonus on the purchase.
Follow the links below to join the Uwerx community and enjoy a 15% bonus on every WERX purchase.
Disclaimer: This is a sponsored post from a third party. Investing in cryptocurrency presales involves high risks, so invest wisely and never more than you are willing to lose.