The recent wave of legal actions toward crypto exchanges has sent ripples throughout the market. Many altcoins have declined, including Salt Lending (SALT) and BNB (BNB). This has prompted both investors and enthusiasts to closely monitor the dynamic landscape.
Thus, Uwerx, a standout presale token, has emerged, and analysts already believe in its bright long-term potential. Continue reading to discover why investors are flocking to the Uwerx presale.
Salt Lending (SALT) Raises $64.4 Million To Restart Operations Following FTX Crash
SALT Lending (SALT) is a blockchain-based lending platform that allows users to obtain discounted loans using fiats or cryptocurrencies as collateral.
On September 30th, 2020, the SEC sued Salt Blockchain Inc for its 2017 Initial coin offering (ICO). It accused the lending platform of issuing SALT tokens which it termed “unregistered securities.” SALT Lending (SALT) paid a $250,000 fine to resolve the issue to the regulator.
Fast forward to early November 2022, Salt Lending (SALT) became one of the many victims of FTX’s collapse. The lending firm used FTX as a liquidity source for its lending services. Although the firm didn’t file for bankruptcy, it paused withdrawals and deposits on its platform. It also lost its California license and a buyout deal with Bnk To The Future.
However, on February 8th, 2023, Salt Lending (SALT) raised $64.4 million to restart its operations. The funds were obtained in a registered Series A funding with Series B marked for late 2023. Though the Series A funding is yet to be approved by regulatory authorities, the firm still operated fully in Q1 of the year.
Currently, SALT token is experiencing a bearish trend, having lost 13.56% within the past week. But its $0.027 price shows a recovery attempt with a 6.68% increase in its 24-hour analysis.
BNB (BNB) Whale Cash Out $2.3 Million In BNB Token Sales
BNB (BNB) currently trades at $237.98. Its weekly analysis shows a 16.58% decrease as its platform, Binance, continues to battle regulators. The BNB token hit new lows following SEC’s latest court filing against Binance, Binance.US, and CEO Changpeng Zhao.
The agency also listed the BNB token as a security alongside other tokens traded on the exchange. These allegations have undoubtedly fueled massive withdrawals as investors rush to secure their assets. In particular, a BNB whale sold 10,000 BNB tokens at $230, making $2.3 million in sales.
These trends have raised concerns about Binance’s liquidity and cast doubt on the future of the exchange.
However, Binance seems undeterred as it unveils its 34th Launchpool project — Maverick Protocol (MAV). The Maverick Protocol (MAV) is a flexible DEX that empowers liquidity providers to optimize their Liquidity Supply (LP) strategy and achieve impressive capital efficiency.
Interested users can participate by staking their BNB and TUSD tokens in separate pools, allowing them to mine MAV tokens for 25 days. The farming process is scheduled to begin precisely at 00:00 (UTC) on June 14th, 2023.
As a result, the BNB token increased by 3.76% in the last 24 hours.
Uwerx (WERX) Enticies Investors With Its Market Fit And Upside Potential
According to Web Tribunal, Upwork is the leading freelance platform, with a 9% share in the freelance market in 2022. Meanwhile, Uwerx will challenge Upwork and other traditional freelance platforms with innovative features, more incentives, and better accessibility to investors.
In response to the growing demand, the Uwerx team increased the presale token allocation to 57% (427,500,000 tokens) of the 750 million token supply. It also reduced the team’s token allocation from 8% to 7% to maximize user benefits.
Uwerx is well-secured, as it got audit approval from SolidProof and InterFi Network even before its presale began. Again, its developers have locked their assets for the next nine months. This move was supported by 98.2% of the community and will eliminate rug pulls on the project. In addition, the team will renounce all smart contract ownership after listing the WERX token on centralized exchanges.
Uwerx is ready to give other platforms a run for their money, as it already launched its Alpha version. This version features 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 Page, Hiring Dashboard Page, and Job Creation Process pages.
Meanwhile, the Beta version will soon be available for users to interact with. They can also send their feedback to the Uwerx team at firstname.lastname@example.org.
Furthermore, the Uwerx team will conduct a test airdrop to ascertain that all token holders entered their correct receiving wallet addresses. This decision was approved by 82.8% of the community.
While investors are skeptical about the performance of Salt Lending (SALT) and BNB (BNB), no such doubts surround Uwerx. Given its niche and real-world use case, the WERX token is tipped to hit $2.7% by Q4 2023. This is a significant leap from its current presale price of $0.041.
Enter the Uwerx presale today to enjoy a 15% bonus on your purchase. To learn more about Uwerx, visit these links: