Coinbase vs. SEC Battle Affects Polygon (MATIC) and Near Protocol (NEAR)

Uwerx blew past its first four presale stages, leading investors to consider the project a must-have in the coin market. Due to Uwerx’s impressive presale, analysts predict a great future for the project and see it ranking among the top projects in the coin market.

In this article, we shall look at how Uwerx aims to benefit freelancers and investors. But first, we will discuss the latest developments with Polygon (MATIC) and Near Protocol (NEAR).

Robinhood Ends Support For Polygon (MATIC)

American financial services company Robinhood has announced that it will end support for Polygon (MATIC) from June 27, 2023.

The company stated that they regularly review the tokens they offer on their platform, and based on their latest review, they decided to end support for Polygon (MATIC), Cardano (ADA), and Solana (SOL). They also asked users to withdraw or sell their assets before the deadline.

Coincidentally, this announcement came just days after the United States Security Exchange Commission listed all three projects as securities.

Polygon (MATIC) has declined by -1.69% in the last 24hrs. The project currently trades at $0.76 with a market cap of $7,082,604,648. Analysts predict the MATIC token to reach $1.41 by the second quarter of next year.

Near Protocol’s (NEAR) Developments In June

Near Protocol (NEAR) has been busy this month. The project has added a few partnerships, and more are coming.

The project announced on June 7 that it is partnering with Seracle, a leading blockchain cloud platform, to make Web3 development easier than ever. Near Protocol (NEAR) will leverage Seracle’s Litenode architecture to reduce node maintenance and DevOps costs by up to 90%.

On June 8, Near Protocol (NEAR) announced that Galxe is bringing its Space ID Protocol Voyage Season 2 & Web3 Name SDK to NEAR. Galxe will be the first major web3 project to launch a component on NEAR’s Blockchain Operating System (BOS), which will be a great use case for BOS.

Today, June 9, Near Protocol (NEAR) partnered with Mirae Asset, a game-changer in the TradFi industry, and announced that Electron zkBridge would soon go live between NEAR and Ethereum (ETH).

Following the SEC’s listing of Near Protocol (NEAR) as a security, the project put out a statement disagreeing with the SEC, insisting that they have not violated any applicable U.S. securities laws. The project asked its investors not to be concerned as their legal team is prepared for this development. They urged users to focus on building great products, bringing delightful user experiences, and onboarding millions into web3.

Near Protocol (NEAR) is down by -12.06% in the last seven days. The project trades at $1.40, but analysts predict it will reach $2.53 before the end of 2024.

How Uwerx (WERX) Aims To Change The Freelance Sector

Since the Covid-19 pandemic, the freelance industry has been growing rapidly. 36% of the Workers in America are now into freelancing, according to Velocity Global. Market experts are confident this percentage will double in the next five years.

Uwerx is a new project preparing to enter this growing market with features that would revolutionize the industry and cause even more growth. The project will bring decentralization, a 1% transaction fee, fast payments, intellectual property rights protection, and more.

On Saturday, July 29th, 2023, at 18:00 UTC, the price will rise from $0.05245 to $0.0564. This represents a 7.5% augmentation, a modest increase compared to the initial 10% hike that was scheduled.

Because Uwerx blew past the presale stages, the Uwerx team raised the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. They also raised Uwerx’s launch price to $0.095 – $0.115, reducing their allocation to 7%.

The team has also secured audit approvals from InterFi Network and SolidProof for Uwerx, assuring investors that the project is secure. Additionally, Uwerx developers started a 25-year lock on their liquidity tokens. They will also give up smart contract ownership when Uwerx lists on centralized exchanges.

Having assured users about the safety of Uwerx, the team released the Alpha version of the Uwerx platform. This version features a Landing page, Sign-up page, Login page, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation process pages.

The Beta version of the platform will be unveiled soon to enable users to interact with the platform. Users are urged to send their suggestions and recommendations to feedback@uwerx.network.

The Uwerx team conducted a poll asking the community to vote for a test airdrop. 98.2% of respondents voted in favor of the test airdrop, which the team believes will enable users to verify their Receiving Wallet addresses.

In April, Uwerx introduced the Uwerx Vault, a feature that enables users to save their WERX tokens for various lengths of time. The feature works like staking; as such, it rewards users for saving their tokens.

Analysts see Uwerx’s price reaching $3 by January 2024. They advise traders to join the Uwerx presale before it ends on July 31, 2023.

Learn more about Uwerx and get your hands on the 15% purchase bonus by clicking the links below:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

Previous articleGrayscale urges SEC to approve all Bitcoin ETFs simultaneously
Next articleReview: ACDC’s 150W portable power station is pricey but makes load-shedding easier