According to Forbes’ 2022 data, the freelance industry is growing on an exponential scale. At present, about 71% of top-level technocrats surmise that freelancers are becoming integral to varying industries, regardless of the global economic crackdown.
In the affirmative, the Uwerx development team has been dedicated to releasing great features on their platform as well as implementing better policies that aim to revolutionize freelancing, thereby attracting many to the ecosystem.
Nothing proves this claim more than its presale success and followership across social media platforms—over 2,000 followers on Twitter and 2,500 members on Telegram. However, a few days ago, the entire cryptocurrency industry was in disarray as Uwerx experienced a flash loan attack upon launch.
How did such a thing happen? And what measures have the project team inaugurated to control the high-scale damage? But first things first: Has Uwerx’s journey so far been worth it?
How Uwerx Stunned The World Amid Increasing Market Sentiments
If you have kept tabs on the crypto trends this year, you will notice a negative loop: price fluctuations and SEC’s unending tyranny. Yet Uwerx, despite being a nascent invention, remained on an upward trend.
Since the start of its presale, the Uwerx development team has been operating at an accelerated pace to follow through and exceed stakeholders’ expectations while meticulously embracing the project’s mission and vision.
On August 1, 2023, after the final presale, the Uwerx team announced their launch to the general public with a reference to their dedication to building a community-oriented platform.
Their first move was the deployment of liquidity on UniSwap, which has been locked for an extended period of 25 years as part of their unwavering commitment to ensure the liquidity pool remains stable and eliminates the risk of sudden liquidity drains or market hacks.
Also, a set of rules was brought to the fore by the project’s team to help govern the distribution and utilization of the token ranging from a 3% sell tax for sustainability and a 1% burn to increase the token’s value over time through deflation, and 2% marketing fee to increase visibility.
The Uwerx team is set to submit applications to CoinGecko and CoinMarketCap, which are reputable platforms for listing and tracking crypto projects. Plus, in the duty of preventing power autonomy, they promised to renounce contract ownership.
Additionally, the core functionality design is expected to reach users soonest, including the client dashboard, freelancer dashboard, agency dashboard, management of ongoing projects section, and additional settings pages.
After completion of these features, plus a Minimum Viable Product (MVP) stipulated to hit the public once it passes in-testing with developers, the team has promised to start designing premium functionalities of the platform.
A Buyback program was meant to be inaugurated as well to stabilize the token’s price and support its market value, and the Uwerx team will not disclose the actual dates and times for the buybacks to ensure fair