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In recent news, two significant digital assets, Uwerx and Ethereum (ETH), have seen a surge in value. This is due to the Bank of China's utilization of the Ethereum (ETH) blockchain to issue $28 million of digitally structured notes.
This significant move showcases the increasing adoption of blockchain technology by traditional financial institutions and the mainstream economy.
This article will delve into the implications of this new development on the future prices of Uwerx and Ethereum (ETH).
The recent involvement of the Bank of China in digital assets is the first of its kind. This proves that the Chinese financial institution is ready to fully embrace blockchain technology, having utilized the Ethereum (ETH) platform.
On the 12th of June, 2023, BOCI Hong Kong announced that the financial institution had minted $28 million worth of digitally structured notes through the Ethereum blockchain.
This development has encouraged the use of blockchain applications across China. This includes the adoption of a default national blockchain in China, the Blockchain Service Network (BSN).
However, what effect does this development have on Ethereum (ETH)? Ethereum (ETH) is currently at a market value of $1,631.78, with a market cap and 24-hour trading volume of $209.01B and $6.28B, respectively.
Even though the market has fallen short of -6.50% over the past 24 hours as of writing, its blockchain activities have been outstanding.
Ethereum (ETH) kept humming despite Amazon Web Services (AWS)'s recent outage in the US. Since the Ethereum (ETH) network largely depends on the AWS server, one would have thought it would be affected by it.
Since Ethereum (ETH) maintains strong resilience towards unfavorable market conditions, experts predict it might hit $2,284.45 by Q1 2024. More importantly, we believe the Bank of China's recent use of digital assets will create a positive effect.
Uwerx's growth responds to several favorable market conditions, ranging from mainstream economy adoption to increased presale participation. Thus, the Bank of China's recent adoption has caused investors to take an interest in other altcoins with great potential, such as Uwerx.
Despite being a new crypto project, it's impressive that Uwerx has reached 5,500 signups and over 1,600 Telegram members, and 1,600 Twitter followers.
As mentioned earlier, other factors have been influencing Uwerx's growth besides the latest Bank of China development. Foremost, the Uwerx team released an alpha platform with important PDF content such as Logging In, Forgot Password, and My Activity Page. The alpha platform has ended, and the Uwerx team announced the project will be transitioning into the beta platform soon.
The Uwerx project will offer freelancers a cheap % transaction charge of 1%, contrary to Upwork's 10% and Fiverr's 20%. Apart from freelancers, Uwerx also provided an opportunity for investors where they could participate in the project's liquidity lock of 25 years. Meanwhile, the Uwerx team's tokens have been locked for nine months.
Week 1 – 8%
Week 2 – 10%
Week 3 – 14%
Week 4 – 18%
Week 5 – 22%
Week 6 – 28%
Uwerx's audit pass on SolidProof and InterFi Network has also increased its trust among the crypto community. Furthermore, Uwerx has been listed on CoinSniper and will be listed on Uniswap by the 1st of August, 2023. The contract will further be renounced when the project is launched on centralized exchanges and taxes are zero.
Uwerx also has a vault feature where investors can store their tokens for various lengths. Then they get rewards based on the platform variables, similar to the popular staking concept.
Uwerx is currently running its Stage 5 presale at $0.041. Join the presale and enjoy the opportunity of a 15% bonus now! Since Stage 1 and 4 presales were completed in record time, it's no doubt the ongoing presale will be completed soon. Meanwhile, the Uwerx team had to modify token allocation due to the community demands and high presale speed.
Uwerx is also scheduled to run a test airdrop by the end of the presale on the 31st of July, 2023. There are many more exciting features Uwerx has to offer. You can join the growing community to know more or send a suggestion/feedback to feedback@uwerx.network.
Join the revolutionary Uwerx across social media platforms for more updates!
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
