Coinbase Sued Alongside DerivaDAO (DDX) And Rally (RLY)

The post Coinbase Sued Alongside DerivaDAO (DDX) And Rally (RLY) appeared first on Coinpedia Fintech News

The intense regulations and scrutiny by the US Security and Exchange Commission (SEC) have led them to sue US largest Exchange, Coinbase, for trading unregistered securities. SEC has called out over 50 cryptos, termed securities, and DerivaDAO (DDX) and Rally (RLY) are among these tokens.

However, there is good news. The next big thing is coming to the market: Uwerx. Uwerx is a game-changer for the freelancing industry and a profit maker for crypto users and investors. 

Uwerx has quickly made a name for itself, and its features speak for it. Read on to discover its profitability and why you should become a token holder immediately. 

Uwerx’s (WERX) Token Holders Are Enjoying Lots Of Benefits 

Uwerx is about to place users on the path to financial freedom with its revolutionary features, such as blockchain technology, decentralization, and a 1% service fee. The Uwerx Vault is another of Uwerx’s innovative features providing safe storage for users to store their WERX tokens and rewarding them for storing them.

Uwerx recently launched its platform’s Alpha version, with ten features now available. They are the Sign-Up and Logging Pages, Forgot Password, Freelancer or Client Initiation, Initial Step of Job Creation and Finding Talent, My Activity Page, Hiring Dashboard, and Job Creation Process Page. More features will be added to the platform subsequently. 

Uwers has gained over 5,546 sign-ups, 1,620 Twitter followers, and 1,690 Telegram members. InterFi Network and SolidProof have also audited it. Uwerx aims to transition to the Beta version, where users can test the platform. 

Uwerx’s presale speed and increased demand led to a revision in token allocations. The presale WERX allocation was increased to 427.5 million (57%) of the total 750 million WERX supply. Uwerx is in its stage 5 presale, and 72.5 million WERX are available here.

The WERX token has increased in value due to its utility. WERX is now trading at $0.041. This is a quick jump from the starting price of $0.005, translating to tons of profit for early users. A 15% purchase bonus will benefit users further, and referral bonuses will soon be introduced. Due to growing confidence, the WERX launch price was increased to $0.095 – $0.115.

These successes are also attributed to the agile methodology approach used by the developers to launch the project in bits while hearing users’ feedback and making improvements. Users can send their feedback to Uwerx’s email, feedback@uwerx.network.

The team reduced their token allocation to 7% and will renounce smart contract ownership once Uwerx is listed on centralized exchanges. To prevent rug pull, they started a 25-year liquidity locking on developers’ tokens on June 7. This was supposed to happen post-presale but was quickened by the 82.8% vote from the community to start now.

The team will perform a Test Airdrop to verify users’ receiving wallet addresses, and 98.2% of the community is in support.

DerivaDAO (DDX) Is Struggling To Outperform Bearish Price Predictions

DerivaDAO (DDX) is the DAO governing DerivaDEX, a decentralized crypto exchange backed by Coinbase. The protocol launched in 2021 and climbed the charts due to its ability to facilitate faster and more efficient transactions through unique features like on-chain settlement and matching engines.

However, DerivaDAO has not had any trading activities or transactions occurring in a while, causing it to be bearish. It has further declined this past few weeks after the SEC listed it as an unregistered security on Coinbase. 

Rally (RLY) Plans On Shutting Down

Rally (RLY) is a decentralized multi-chain protocol enabling developers or online communities to launch cryptos. It is seen as a legitimate platform for trading since it partners with broker-dealers registered with FINRA and SIPC for secured transactions. 

It was launched in 2018 but has not attained any significant feat. The protocol announced in January that it would start shutting down its platform due to a lack of support and funding.

Reports show it was trading at $1.38 in 2021 but now at $0.008865.

While DerivaDAO (DDX) and Rally (RLY) are declining, Uwerx is surging and gaining massive adoption. Uwerx has proved its sustainability and transparency in all ramifications, and you do not want to miss out on such a token that upholds this value. So join the presale now for a 15% purchase bonus before it ends on July 31, 2023. 

To learn more about Uwerx or become a token holder, follow the links below: 

Telegram | Twitter | Website