CoinBase’s Legal Battle Stalls Algorand, Polkadot As Uwerx Starts Beta Version Development

Uwerx has been making great strides, constantly defying the odds. Uwerx has kept investors safer and wealthier and continues making innovative changes to ensure they are maximizing their gains. 

On the other hand, the lawsuit against Binance and CoinBase has hindered progress for Algorand (ALGO) and Polkadot (DOT).

Algorand (ALGO) Faces Price Decline Following SEC Sanctions

Prices of several tokens have decreased following the U.S. SEC’s allegations of being unregistered securities. Algorand (ALGO) was affected by the case against Binance. Algorand (ALGO) fell more than 18% last weekend.

Algorand (ALGO) is currently trading at $ 0.112026 from last week’s high of $0.15. In the past two weeks, Algorand (ALGO) has accrued a decline of over 30%.

However, the allegations of being a security have not stopped Algorand (ALGO) from doing business and launching innovations. An NFT marketplace on Algorand (ALGO), Exa Market, recently integrated LUKSO, a Layer-1 EVM blockchain, as its second blockchain. Leveraging LUKSO’s decentralized system allows users more control over their digital assets.

Polkadot (DOT) Approves Moonbeam’s Lease Renewal

Polkadot (DOT) is amongst the tokens facing a suit from the U.S. SEC. Millions of people worldwide involved in the crypto business in one way or another have questioned the motives behind the SEC’s allegations and lawsuit against Binance and CoinBase.

Despite the SEC’s allegations, Polkadot (DOT) activity has been very high, with many integrations and partnerships.

On June 8, 2023, a parachain on Polkadot (DOT), Subwallet, went live on several other parachains on Polkadot (DOT), including Moonbeam.

Moonbeam, which has the most activity on Polkadot (DOT), just recently secured a new lease from Polkadot (DOT), hence securing its parachain slot on Polkadot (DOT).

The SEC’s lawsuit has rattled investors, and many coins are now facing price declines. Polkadot (DOT) trades at $4.50, less than a 1% daily increase from a previous high of more than $5.

Uwerx (WERX) Starts Beta Version Development

Investors check for many things when deciding which crypto tokens to buy, especially massive return on investment, long-term sustainability, and security. Uwerx has ticked off all these boxes. InterFi Network and SolidProof have audited Uwerx to ensure transparency and authenticity.

The Uwerx team has shown long-term sustainability prospects by renouncing smart contract ownership when the project lists on centralized exchanges and locking the developer’s tokens for nine months to prevent rug pulls. The team’s token allocation was reduced to 7% before getting locked on Wednesday, 7 June.

Uwerx is in its last funding stage, with a total supply of 750 million tokens, a fifth presale token allocation of 72.5 million, and pricing at $0.0564 per WERX. The hard cap presale ends on 31 July 2023. Due to increased demand, the presale WERX allocation was increased to 427.5 million (57%). The WERX launch price was increased to $0.095 – $0.115.

Many factors contribute to the rapid sellout Uwerx has been experiencing, including an agile methodology used by the Uwerx developers, leveraging users’ feedback to ensure rapid development and accelerated deployment.

In staying true to its pledge to community-centeredness, Uwerx will conduct a Test Airdrop proposed by 98.2% of the community to authenticate users’ wallet addresses.

Uwerx has introduced a 15% purchase bonus and the Uwerx Vault to give investors more room for gain and promote holding. This offers investors more room for gains and enables durations and rewards for using the Vault.

Velocity Global reported that 90% of employees would increase their use of freelancing. Uwerx was created to provide a seamless platform with very cheap transaction fees for freelancing. Freelancers will pay 1% transaction fees on the Uwerx platform, compared to the 10% to 20% paid on other freelancing platforms like Fiverr, Upwork, and Freelancer.

Algorand (ALGO) and Polkadot (DOT) face price declines and delays as the SEC persists with their lawsuit. However, Uwerx shines through with the development of the Beta Version, promising users a better platform.

Follow the links below to join the Uwerx Community and enjoy a 15% purchase bonus now!

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