Uwerx is clearly committed to transforming freelancing. A quick look at its successful presale and launch serves as undeniable evidence. However, Uwerx encountered a setback shortly after its successful launch due to a flash loan attack.
Here is what we know about the project’s recovery plan.
Uwerx: Post-Presale Update And Launch On Uniswap
Uwerx’s presale phase was noteworthy, attracting over 2,000 followers both on Telegram and Twitter. The event ended on July 31st, while the WERX token finally sold out at $0.05645.
Uwerx launched on August 1, 2023, on Uniswap and locked its liquidity for 25 years to ensure a stable liquidity pool. It also proposed a 3% sell tax to guarantee sustainability, a 1% burn to increase the token’s price value over time using deflationary measures, and a 2% marketing fee to foster visibility. Meanwhile, its team reaffirmed its promise of forfeiting all smart contract ownership after listing on centralized exchanges.
In addition, the team announced a weekly Buy-back program to stabilize and support WERX’s price. However, specific dates and times for the buy-backs were not disclosed to ensure fairness. This fund will be channeled to liquidity provision due to the hack.
More still, the developers added core functionalities to the Uwerx platform, like the Message Search, Contract Preview, Unlogged view for Agency, Freelancer and Client, Application Preview, Chat System within Job Postings, and Agency Role Selection. The core design is now complete
Other completed pages are Settings, Forgotten Password, Help Center, Login, Create Account, Privacy Policy, Finished Payments, Security Sections, Freelancer Profile Creation, Milestones, Revamp of Job Application Page, and Application Boosting (using WERX).
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Author: Crypto Daily
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