Chiliz (CHZ) And Tron (TRX) Battles SEC Lawsuits While Uwerx (WERX) Enjoys The Spotlight
The last few years have recorded a notable decrease in the number of legacy banking system adherents, leading to a heightened interest in digital assets. There's great speculation that the decline will triple in the future.
However, the recent regulatory clampdown on most cryptocurrencies, including Chiliz (CHZ) and Tron (TRX), has worn a dark shoal over investors' optimism toward cryptocurrencies.
Regardless of these new developments, Uwerx poses a promising alternative with its potential to become a hard-to-neglect future blue-chip asset. Read further to learn why this project is regarded as the most sophisticated contender in 2023.
Chiliz (CHZ) Gets Dragged Into Coinbase's Lawsuit. What Happens Now?
Chiliz (CHZ) is the world's leading sports and entertainment industry blockchain provider owned by the well-known Malta-based fintech company, Mediarex.
It serves as the official token of Socios, a blockchain-based sports fan engagement platform that allows users to be part of the governance of their favorite sports teams—including some of the biggest clubs in the world, such as Barcelona and Manchester City—through voting and earn engagement-oriented recognition and rewards.
The recent legal probes of the US SEC have invariably put Chiliz (CHZ) in a negative downward spiral. On June 6, 2023, the commission charged Coinbase Inc. with a myriad of securities law violations, including their involvement in trading crypto securities without registering as a national securities exchange.
Within the last 24 hours, the price of Chiliz (CHZ) has gone into a hard-knuckled dip by 20.58%, hence pegging its price at $0.069121. Its price estimates a decrease of 31.28% in the last 7 days.
Not too long ago, Chilliz (CHZ) announced a new collaboration with Ankr, one of the major infrastructure providers for the BNB Chain ecosystem. Its main motive is to create easy access to its Layer-1 sports blockchain. According to the report, Ankr will serve as their main RPC (Remote Procedure Call) provider.
Although Chiliz (CHZ) might fall short of being the best option for short-term benefits, analysts speculate its innovative spirit and extensive collaborations will likely nudge the token to the $0.12 mark by the end of this year.
Tron (TRX) Is Down By 12.05% In The Aftermath Of SEC's Lawsuits
Tron (TRX) is a decentralized blockchain-based project created for content creators. Renowned for its highly efficient and fast-track blockchain system, it is regarded as the most suitable for the world's largest stablecoin, USDT. About 46 billion USDT tokens are currently being distributed on the Tron network.
On March 22, 2023, Tron (TRX) plunged by 11.6% within 24 hours after the SEC sued its founder, Justin Sun, for manipulating the price of the BTT token. The regulator also claimed that Tron (TRX) and the BTT token were unregistered securities.
Tron (TRX) recovered from its plunge by going into several partnerships. Its recent collaboration was with Nansen, an eponymous blockchain data and research ecosystem. The partnership will provide reader-friendly, data-driven, and real-time insights into user activities.
However, Tron (TRX) has been hit by the broader market meltdown following SEC's recent legal action against Coinbase and Binance. As a result, the token witnessed a 17.39% decrease within the past week.
Tron (TRX) presently trades at $0.068, signifying a 12.68% decrease within the last 24 hours. This means the token is still under massive selling pressure as investors have yet to regain their confidence.
Uwerx (WERX) Is Heading To The Moon As Other Tokens Struggle to Stay Up
As a result of this increasing visibility as well as engagements, the Uwerx development team has pushed the presale token supply to 427.5 million (57% of the total token supply of 750 million) and cut the percentage of tokens allocated to the team by 1% in a bid to maximize user benefits.
The scheduled price hike will occur on Saturday, July 29th, 2023, at 18:00 UTC, escalating from $0.05245 to $0.0564. This change reflects a moderated 7.5% rise rather than the initially intended 10% boost.
At the moment, the newly-launched Uwerx Alpha 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, Hiring Dashboard, and Job Creation Process pages.
The project is a tad closer to reaching the expectations of users and investors as the Beta version is expected to hit the market soon, which users can interact with. Users are advised to send their reviews and recommendations to the Uwerx feedback email at [email protected] to ensure good communication within the community.
For the most part, the development team behind Uwerx has put efficient measures in place to ensure the safety and sustainability of their assets. Regarding this, they have gotten audit approval from SolidProof and InterFi Network before the commencement of the presale. Also, they will renounce all smart contract ownership of Uwerx after the project is listed on centralized exchanges to eliminate any risk of crypto scams and hacks. In addition, the team has locked its liquidity for 25 years. The lock took place on Wednesday, June 7, as decided by an 82.8% vote by the Uwerx community.
The Uwerx presale, which continues to attract more investors, is due to the agile methodology approach of the development team. It allowed them to roll out the project in stages while making improvements along the line.
Furthermore, Uwerx has decided to perform a test airdrop for all token holders to validate their receiving wallet addresses. This decision was agreed upon by 98.2% of the Uwerx community.
With these developments, investors are firmly assured of the team's adherence to decentralization. In addition, token holders can enjoy more profits by locking their assets in the secure Uwerx Vault. Like staking, the vault will encourage increased user engagement on the platform.
Although Uwerx may be a nascent invention compared to the long history of Chiliz (CHZ) and Tron (TRX), there's no doubt about its growth potential, as Forbes reported that 80% of employees are attracted and would consider becoming freelancers.
The planned adjustment in pricing that was originally slated to be a 10% increase has been moderated to a 7.5% rise. This means that the cost will go up from $0.05245 to $0.0564. The new pricing will be effective from 18:00 UTC on the upcoming Saturday, which falls on the 29th of July 2023.
What are you waiting for? Hurry now and follow the links below to enjoy a 15% purchase bonus. In addition, you will have a chance to enjoy a referral bonus.
Website: https://www.uwerx.network
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
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