Although the overall crypto market has a bearish bias, a new platform, Everlodge, has raised the bar of presale success. Experts and investors have put immense faith in this new project due to its market viability and high-value proposition.

Therefore, its ongoing presale has already raked in more than $347,000, and is likely to raise up to $12 million in the coming weeks. On the other hand, projects like Chiliz (CHZ) and Binance (BNB) have faced challenges while sailing through current market conditions.

Join the Everlodge presale and win a luxury holiday to the Maldives

Chiliz (CHZ) Collabs With CBI To Build Entertainment Platform

Although the first quarter of 2023 brought optimism to the Chiliz (CHZ) community, the subsequent quarters have not been the same for the fan token. The market value of Chiliz (CHZ) has been continuously  moving southward since Q2.

Subsequently, the price of Chiliz (CHZ) has taken a dip of 20% in the past month. At press time, Chiliz (CHZ) is available to change hands at $0.0640. Now, to increase its user base and network activity, Chiliz (CHZ) has partnered with CBI.

Under this collaboration, Chiliz (CHZ) will develop an AI-based 3D interactive entertainment platform. Reportedly, the platform will be dedicated to football-based content.

Binance (BNB) Stops Fiat Withdrawals In Europe

The Binance (BNB) ecosystem is going through drastic changes in the US and Europe. In some places, Binance (BNB) is shutting down its entire operations, while in others, it is halting some specific services.

In the latest event, Binance (BNB) has discontinued fiat-based crypto trading. According to some reports, Binance (BNB) has taken the decision due to issues concerning Single Euro Payments Area (SEPA) transfers. Earlier, Binance (BNB) had delisted Solana (SOL) pairs from its offerings due to regulatory concerns.

Meanwhile, in the past 30 days, the market value of Binance (BNB) has slumped by 14%. As a result, Binance (BNB) is currently changing hands at $208.93.

Everlodge (ELDG) Presale Posts Historic Growth

According to a research report, the global vacation rental market size is expected to reach $119 billion in the next seven years. To make the best of this growth opportunity, Everlodge has planned to launch a new, and disruptive blockchain platform.

It will be a real estate marketplace that will enable people to invest fractionally in luxurious hotels, and vacation homes for as little as $100. The platform will mint NFTs (non-fungible tokens) against real estate properties, and fractionalize them. Thus, people will be able to own luxurious holiday properties without spending millions of dollars.

It has also hinted about Launchpad, wherein developers will get to raise capital for new projects. Besides, people co-owning properties will also be able to use their NFTs as collateral to get a loan.

Everlodge will utilize ELDG as its native crypto. Currently, a token costs just $0.01, during stage 1 of presale. But, it will become $0.012 in the next round. Moreover, market projections anticipate that the project’s market value will surge by at least 280% during the presale phase, and 30x after its launch. The tokens will come with many benefits for their owners, such as giveaways, discounts, and many more.

One can also stake their tokens to receive a monthly interest, and generate a passive income. The project will have the team tokens locked for two years, and the liquidity pool for eight years to prevent any rug pull. Under the Rewards Club feature of the platform, the token holders will get free nightly stays at luxurious hotels.

Find out more about the Everlodge (ELDG) Presale

Website: https://www.everlodge.io/

Telegram: https://t.me/everlodge

The crypto market is expanding with the entry of new cryptocurrencies. If you wish to invest in crypto, it is critical to analyze their market performance and growth prospects.

A new project, Pomerdoge, has emerged as the hottest investment decision in 2023. Its ongoing presale has already raised over $960,000 in stage 1. Meanwhile, long-standing projects like Polygon (MATIC) and Hedera (HBAR) are sailing through troubled waters. Let’s see what experts say about these three cryptocurrencies.

Summary

• Polygon (MATIC) has seen a downward movement in its active addresses, and daily transactions.
• Hedera’s (HBAR) trading volume has increased by more than 450%.
• Pomerdoge has raised more than $960,000 within three weeks of its launch.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Polygon (MATIC) Shows Sluggishness

The Polygon (MATIC) network has struggled to register growth due to its sluggish performance in several metrics. Recently, data from Artemis highlighted that the daily active addresses on Polygon (MATIC) have remained stagnant for a long period.

Subsequently, the number of daily transactions on the Polygon (MATIC) network has also been downward. Besides, Polygon (MATIC) has suffered a drop in its fees and revenue.

All these issues have dragged the price of Polygon (MATIC) down by 20% in the past month. Thus, the current trading price of a Polygon (MATIC) token is $0.62.

Hedera’s (HBAR) Volume On Exchanges Increases

Decoupling with the overall market, Hedera (HBAR) has registered growth lately. Subsequently, the trading price of Hedera (HBAR) has seen a surge of 17% in the past month. Thus, the price of Hedera (HBAR) has increased to $0.060718.

As per the latest data from Santiment, Hedera’s (HBAR) volume on exchanges has been soaring since August 5. The data shows that the trading volume of Hedera (HBAR), on exchanges, has gone up by more than 450%.

Meanwhile, big investors have increased the accumulation of Hedera (HBAR), anticipating further growth.

Pomerdoge (POMD) Presale Records Historic Growth

Pomerdoge is a new crypto project that has altered the landscape of the blockchain gaming industry. It is a play-to-earn (P2E) meme coin offering multiple benefits, and enormous growth potential. A market report has suggested that the blockchain gaming industry can grow up to $65.7 billion by the end of 2027. Hence, experts believe that Pomerdoge will scale several heights.

<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Price Increasing!!<br><br>What can we say <a href=”https://twitter.com/hashtag/pomercrew?src=hash&amp;ref_src=twsrc%5Etfw”>#pomercrew</a>! We started presale just over three weeks ago and have raised $1,300,000<br><br>THE PRICE WILL INCREASE TO $0.01 ON FRIDAY THE 25TH OF AUGUST AT 19:00 UTC<br><br>We have shared the designs of the Pomerplace, consisting of a marketplace and an… <a href=”https://t.co/zRfmhVDAGZ”>pic.twitter.com/zRfmhVDAGZ</a></p>&mdash; Pomerdoge (@pomerdoge) <a href=”https://twitter.com/pomerdoge/status/1693589763742126180?ref_src=twsrc%5Etfw”>August 21, 2023</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

It has planned to introduce a new play-to-earn (P2E) ecosystem comprising Pomergame, Pomerplace, and a collection of exclusive 7,777 NFTs. Pomergame will allow users to build their characters and upgrade them to elite status by creating customized in-game items. Once gamers get a gold status Pomer, they can sell their in-game assets at Pomerplace.

Pomerdoge has given utmost importance to security. Its token smart contracts have undergone auditing twice. Besides, the platform will lock the liquidity pool for life.

The presale of POMD has started, and it is currently in stage 1. Interestingly, there will be only four stages of Pomerdoge’s presale. Moreover, the platform will release a maximum of 1 billion POMD tokens during its initial coin offerings. Recently, the buying price of the token increased to $0.008 from $0.007.

Moreover, it is expected to surge by 17x during the presale round. Besides, market experts forecast that Pomerdoge’s value will surge by 4,000% by the end of 2023. After the presale phase, POMD tokens will hit Uniswap and other leading exchanges.

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

Although many crypto projects boast about creating means for users to earn passive income, most failed to recover from a major attack. However, Uwerx has been tested and proven its trustworthiness in the face of a publicized attack.

The revolutionary freelance crypto platform recently lost $327k from its Uniswap pool shortly after its official launch. Can Uwerx counter the effects of the hacking incident in time? Let us find out.

Uwerx’s Record-breaking Presale Concludes With Ovation

Uwerx gained significant attention during its presale rounds, enticing buyers with generous bonuses across its five stages. This attracted many investors and amassed 2,037 Twitter followers and 2,280 members on Telegram. As a result, it had to adjust its tokenomics to accommodate the influx of buyers.

The presale finally ended on July 31st at 23:59 UTC. Meanwhile, the WERX token was sold at the final price of $0.05645 with a last-minute bonus of 27.5%.

Uwerx has also progressed remarkably in the development of its freelance platform. The platform already features Core Functionalities, including the Application Preview, Chat System within job postings, Contract Preview, Message Search, Unlogged view for Agency, Freelancer, and Client, and Agency role selection.

Other completed pages are Settings, Help Center, Login, Create Account, Forgotten Password, Privacy Policy, Finished Payments, and Security Sections.

Meanwhile, other platform updates to be released soon include Client Dashboard, Freelancer Dashboard, Agency Dashboard, Management of Ongoing Projects, and Additional Settings Pages. The team is thrilled with the progress achieved so far and intends to begin designing the premium elements of the Uwerx platform soon.

On the other hand, the unique Uwerx Vault has been successfully completed and now awaits audit approval. Meanwhile, 84% of the Uwerx community has declared their interest in using the Vault to secure their funds and maximize their earnings.

On August 1st, 16:00 UTC, Uwerx finally launched on Uniswap. Its WERX token was unveiled with a 3% sell tax, 1% token burn, and 2% marketing. It also fulfilled its promise of locking deployed liquidity for 25 years, as announced during the presale. In addition, its team reiterated its plan to renounce smart contract ownership after the CEX listing kicks off smoothly.

Lastly, Uwerx initiated a scalable buy-back program designed to be performed weekly. However, specific dates for the buy-back were not revealed to discourage fraudulent behavior.

Uwerx Network Exploited, Resulting In A $327K Loss

As smart contracts come with complexities that could create loopholes, it is no surprise that Uwerx was hit with a hack attack shortly after its launch on Uniswap.

Many crypto security platforms like PeckShield Alert and CertiKAlert announced the incident on Twitter.

The attacker flash-loaned 20,000 ETH ($36,726,400) and exchanged it for 5,053,637 WERX tokens. Then, they sent back 4,429,817 WERX tokens (about 10 times the initial amount) to the Uniswap pool, creating an imbalance.

By calling the skim() function of Uniswap with 0x00…1 as the “to” address, they caused the token transfer to burn 1% of the initial amount, resulting in an imbalance, which they exploited. The attack, which occurred on August 2nd, led to the loss of 176 ETH (around $327K).

Uwerx Could Hit New Heights As It Prepares For A Strategic Relaunch

In the face of the unfortunate hacking, the Uwerx team has shown immeasurable resolve as they work to reestablish investors’ faith. They quickly contacted the auditors, SolidProof and InterFi Network. They also issued a white hat bounty which offers the hacker to keep 20% of the stolen funds and return the remaining 80%.

As a community-centric platform, Uwerx will hold polls on the official Telegram group from August 6th to 13th. Community members can vote on the future launch plans of the Uwerx project, like the new vesting period, airdrop schedule, and sliding sell tax.

This new sell tax will decrease throughout the new vesting period, while 100% of the tax will be directed to the liquidity pool of Uwerx on Uniswap. This will greatly benefit Uwerx. The team encourages members to send their feedback through their feedback email feedback@uwerx.network. Meanwhile, they have assured users of the safety of their WERX tokens bought during the presale.

Furthermore, the team has pushed forward the initial roadmap and announced their intention to relaunch the WERX token using the liquidity previously reserved for the Buy-back program. The token’s new contract address will be audited twice to ensure robust security.

The new WERX will be built on August 14th, while its details will be announced on August 21st. They also plan to adjust the whitepaper, tokenomics, and the airdrop schedule to reflect the new changes. Updates will be revealed as the team rolls out more plans. Meanwhile, the Uwerx platform design continues steadily, with a significant update planned soon.

As Uwerx has shown it can withstand challenges and adversity, investors are reassured of a quick bounce back with better security. Therefore, experts still believe Uwerx could quickly recover in time to compete favorably in the market.

To get more information, click the links below:

Website: https://www.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

After the Covid19 pandemic, the world plunged into a new economic reset. Some countries have been able to recalibrate and convert their share of pains during the global health crisis into substantial and palpable economic gains through people-centric policies. Many other nations are still currently struggling to return to normalcy and some others have been rendered far worse off compared to their pre-COVID states.

There is no evidence to think that Nigeria has not been made far worse off. In fact, it has been a rollercoaster of economic hardships in the country since the global health crisis. The last six months in the country have been different episodes of untold hardship on the people. From the Naira crunch saga to the outright removal of fuel subsidy and the floating of the Naira, the strain in the country has been rising in fearsome crescendo on a daily basis. So many Nigerians have been hard pressed and those lethally grappling for breadth are further pressed into the dust by the institutions of Government that are supposed to provide them with succor.

The purchasing power parity of the country continues to be battered by a stubborn inflation. There has been an insurgence of what Karl Marx calls the pauperization of the working class at the different sectors of the nation’s economy. The continuous widening of the gap between the capitalist and the working class ushers many small and medium scale enterprises out of business and many workers out of their paid jobs.

Consequently, many young individuals who had hitherto been independent and managed to support their families of orientation had to go back to their parents and become dependent children again because they could no longer have their jobs and fend for themselves. Some of these Nigerian youths have resorted to crimes and prostitution to keep their statuses and save themselves of the embarrassment of having to return home with nothing. Some don’t even have a home to return to. Some could not resist the suicidal thought that evoked in them due to the economic quagmire.

The incidence of brain-drain or the Japa syndrome in the country also lends credence to the existence of a social problem in the country. It is sad to see many Nigerian youths leave the country in drones on a daily basis. The words of President Tinubu, “Let the Poor breadth” have been quite apt. The words describe the dire state of many people in the country. These words have become a catchphrase that surfaces in most discussions of the policies and activities of the government across the social media platforms.

Towards ensuring Nigeria becomes a hospitable state for her citizens and a nation where everyone and anyone can breadth an air of hope, peace, tranquility and equanimity, there is no doubt that both the government and the governed have critical roles to play. While the government can and must do better in terms of making and implementing policies that are issues-based and people-focused, the people must be more attuned to their civic responsibilities. Also, the media and civil society organizations must intensify efforts towards ensuring the values of honor are spread across the society.

We must be one another’s keeper and do away with selfish interests that have divided us for too long. We must begin to promote and entrench social values such as empathy, mutual trust and compassion in our day-to-day lives. It is believed that when the privileged among us begin to see themselves as the protectors of the less privileged, Nigeria could be made to open a new vista of economic opportunities that culminate in social happiness. Further insights on how this could be achieved are given by Professor Oka Obono of the department of Sociology, University of Ibadan in our previous article here:

Nigeria’s Economic Challenges In the Post-Subsidy Era: UI Professor Oka Obono Recommends Communal Approach to Palliative Distribution