Many crypto projects fail their ICO stages when their tokenomics become unreasonable, making it unsustainable for the platform. ICOs are vital for projects and can significantly determine how long a project will last.
Thanks to its excellent ICO strategy, analysts believe that Uwerx has a bright future and might outlast existing projects like The Sandbox (SAND) and Monero (XMR).
Monero (XMR) Prices Might Fair Well in The Coming weeks
Monero (XMR) is a decentralized platform that prioritizes low transactional costs and user privacy. With the help of three vital technologies; stealth addresses, ring signatures, and RingCT, every transaction on the network is entirely untraceable.
The project’s price rises when demand has exceeded supply and drops when supply has exceeded demand. It has currently trading at $154. Monero (XMR) has a market cap of almost $3 billion. More than 91% of Monero’s (XMR) community feels bullish about its performance.
More users are adopting Monero (XMR) because of its fungibility and privacy. Monero (XMR) will only ever have 18 million XMR in circulation, giving it an advantage in value and real-world usability.
Uwerx (WERX) Stage is Around The Corner
According to reports, over 1.9 million workers joined the freelance industry in 2020. Uwerx believes that that number could be greater by 2025, but with the poor working conditions in the freelance industry, the gig market might be overwhelmed.
By introducing blockchain technology to freelancing, Uwerx hopes to give the freelance market the glory it once had and create better working situations for contract workers.
Protected intellectual property rights, escrow payments, incentive structures, performance reviews, conflict management, and P2P transactions are some features we can expect from the upcoming revolutionary project, Uwerx. The team behind this innovative project is working round the clock to create a community of creatives and professionals to pioneer the next wave of freelance workers.
The project’s Alpha version will be released this week. Users will be able to explore the Alpha version and understand more about Uwerx. They can also drop helpful comments and reviews, which will help developers make corrections and adjust the project before it launches.
On the 19th of May, 2023, the platform’s landing page and sign-up/sign-in pages will be released. Over time the team will release more of the project as it collects helpful comments. With 5,000 confirmed users in a short time, Uwerx is going places.
Following a recent poll, 98.2% voted in favor of a test airdrop. Uwerx sees this as an opportunity to ensure that users put in their correct wallet addresses before the launch.
Uwerx is performing well in its stage four presale and might complete sales with even more outstanding results than in previous stages. Stage four’s allocation was previously set at 60,000,000 but has now been revised and will feature a total of 77,500,000 tokens, while stage five features 72,500,000 tokens. Uwerx can now go on to be listed on centralized exchanges thanks to audit approvals from SolidProof and InterFi.
Uwerx’s native token, WERX, is an ERC-20 token created on Ethereum’s (ETH) Layer-1 blockchain. A WERX token costs $0.0.0315, and buyers can enjoy a 20% bonus on their purchases. But due to the high sales level, we believe an imminent bonus reduction and price increase is underway.
The developers planned to enter a 25-year liquidity lock after the presale to prevent rug pulls. However, after the Uwerx team took a poll, 82.8% of users said they would prefer if the team locked their tokens now instead of the initially proposed date. The platform will announce a date soon. They will also renounce their smart contract ownership when the project lists on centralized exchanges.
The Uwerx team also developed the Uwerx Vault, a feature similar to staking. Users can store their tokens in the Vault for a preferred duration. We believe that these plans could push up the value of Uwerx to $1.20 by Q3-Q4 2023 and maybe $2.14 by Q1-Q2 2024.
More Developers Aquire The Sandbox (SAND)
The Sandbox (SAND) has had a reduced performance in the past week, as it experienced a whooping 7.83% decrease in price. Just 58% of its community feels bullish about its performance in the coming week. The project has not performed as expected since Q1 2023 and is struggling with a market value of $0.507 and a total market capitalization of $941,482,432.
The Sandbox (SAND) is a decentralized virtual community that allows players and developers to create, own, tokenize, and even host custom games and events on its network using the native token SAND. Gaming experiences are represented as NFTs and have copyright ownership by the players.
Each developer on the platform must own a portion of LAND, an ERC-721 NFT representing a virtual space where developers can build their projects through smart contracts. SAND remains the native token of the platform and allows staking protocols, incentive structures, and payment structures.
The crypto market has come a long way since the era of mighty coins like Ethereum (ETH). With each passing day, more projects like Uwerx threatens the positions of coins like The Sandbox (SAND) and Monero (XMR). The emergence of Uwerx could mark the end for some cryptos, and by following the links below, you can find out why.