The crypto market has had to wave off regulatory crackdowns for several years but has only gotten even more intense as the years go by. As of the time of writing, the SEC has several court cases against crypto projects and exchanges. According to recent news, the SEC filed a case against Binance US and Binance’s CEO Changpeng Zhao; The US regulatory body also filed a case against Coinbase leading the market into a plunge.
Amid the chaos, promising presale token Uwerx is looking to build more momentum and be ready for the price upshoot once the market is stable.
Binance Coin (BNB) Amidst The Lawsuit
An SEC lawsuit does no good for the landscape, and it’s evident in how Ripple (XRP) has fared in the past two years since dealing with a lawsuit. In a span of 24 hours, the SEC launched a lawsuit against Coinbase and Binance, the top two leading crypto exchanges in the landscape.
Although there are significant discrepancies in both lawsuits, both cases allege that the two exchanges sell and issue unregistered securities in the form of numerous digital assets like BUSD, BNB, SOL, etc. The lawsuit is against Binance US, the registered arm of Binance users, but the lawsuit argues that both platforms are not separately governed as required by the law after all.
Binance Coin (BNB), the utility token of the Binance exchange and the decentralized BNB Chain has suffered value, losing almost 20% since the news of the lawsuit surfaced. While we can be optimistic for BNB and hope for progress in the lawsuit, the token will be hugely volatile over the coming days, and you can find a safe option in Uwerx.
Uwerx (WERX) Amidst Market Chaos
The SEC lawsuit has put the market in a frenzy, but Uwerx has been unaffected as it continues gaining momentum. Uwerx Stage 5 price still offers a decent entry for early buyers looking for the opportunity to buy extremely low. Regardless of the market situation, the Uwerx presale is something to bet on as it already offers early buyers some decent profit margin towards launch.
Uwerx will be launching on the Ethereum blockchain and the single network with the highest number of practical decentralized applications; the new freelance platform will have the healthiest ecosystem to grow. Uwerx will be looking to edge out existing freelance platforms like Fiverr and Upwork in the coming weeks.
Unlike existing Web2 platforms, Uwerx is decentralized and does not operate for the profit of any private firm. The platform only charges a 1% fee on contracts established. The WERX token serves as the network’s primary utility and governance token, addressing one of the most prominent issues with existing platforms.
At present, the fifth stage of the presale presents a favorable opportunity to acquire tokens at a price of $0.05245, accompanied by an appealing 15% bonus. This creates an enticing chance for participation. However, it is important to be aware that the price will rise to $0.06294 on Tuesday, February 25th, 2023, at 18:00 UTC.
Enter the presale now and get a 15% instant WERX bonus.