Freelancers’ Guide: With Over 320 Million Crypto Users Worldwide, The Crypto Adoption Rate May Hit 20% In 2030; Here Is How To Get Paid In Crypto
There are over 320 million crypto users worldwide, with the crypto adoption rate set to reach 20% by 2030. With this growing crypto adoption, some clients may have already asked you whether you accept payments in crypto.
As a result, freelancers need to figure out how to receive digital coins as payment. Well, let’s offer some help. Here is how to get paid in crypto!
Getting Paid In Crypto
Being compensated in digital coins could be intimidating, particularly for crypto newbies. Don’t worry, though; accepting crypto payments is relatively simple. However, below are some factors every freelancer needs to consider before getting paid in crypto.
Currency Type
When shopping online or in a different country, we often choose our preferred currency on the checkout page. This also applies when getting paid in crypto. As a result, freelancers can choose from different types of cryptos. The three most common types are stablecoins (e.g., USDT, USDC, DAI), utility tokens (e.g., Uniswap (UNI), Polygon (MATIC), Decentraland (MANA)), and governance tokens (e.g., Lido DAO (LDO), Curve DAO (CRV)). But digital coins like the new crypto, WERX, will serve as the utility and governance token in the Uwerx ecosystem.
When choosing what currency type to be paid in, volatility is an essential factor to consider. Stablecoins experience the least price volatility as they are pegged to fiats and, as such, designed to function like digital cash. Utility and governance tokens usually have high price volatilities and can experience wild upticks (like the boom in March and November 2021) or significant crashes (like the 2022 crypto winter).
Most freelancers often opt for stablecoins to hedge against sharp downturns in their earnings value. However, they can profit from earning in utility and governance tokens because of their potential price appreciations.
For example, after launch, the value of WERX is expected to exceed $1 in Q3—Q4 2023. That is a 19,900% rise from its starting presale price. Furthermore, Uniswap (UNI) and Curve DAO (CRV) are predicted to hit $9.69 and $1.38 from their current prices of $5.85 and $0.92, respectively, within the same period.
Wallets Type
You need a crypto wallet to get paid in crypto. As a freelancer, you must decide which wallet type to use, with security and access control being the top considerations.
You can choose between a hot or cold wallet. Hot wallets are online and offer more flexibility and access to funds but are more susceptible to malicious hacks. On the other hand, cold wallets are offline and hack-proof, but accessibility is limited.
Freelancers can also choose between a custodial and a self-custodial wallet. With your private keys at stake here, you must decide whether you want full control over them or have a third party like Binance or Coinbase manage them. You can also have the best of all worlds by using a “cocktail” wallet — a combination of all.
Payment Networks
As traditional payments require payment networks like Visa, Mastercard, etc., so do crypto payments. However, freelancers need to select a preferred blockchain network in this case.
When choosing a blockchain network, freelancers need to consider cost, speed, reliability, and bridge security.
Some networks have lower transaction costs than others. In addition, blockchains like Cosmos (ATOM), Avalanche (AVAX), and Algorand (ALGO) produce more transactions per second (TPS) than blockchain top shot, Ethereum (ETH). However, Ethereum (ETH) is leveling the scale with its Layer-2 networks, rollups, and new proof-of-stake consensus mechanism.
A One-Stop Shop For All Freelancers
Imagine sourcing clients and getting paid within one system. That is what a new Web3 freelance ecosystem, Uwerx, will offer. Uwerx will offer all the features of Web2 freelance platforms in a decentralized setting. The new platform will also disrupt the prohibitive nature of popular traditional freelance platforms by offering substantially lower fees (5% Fees vs. 20% at Upwork and Fiverr). Furthermore, freelancers will be compensated for completed jobs in WERX, the ERC-20 utility token of the ecosystem. In addition, earned WERX coins can be swapped with other ERC-20 tokens on Uniswap (UNI) and at a low cost when the Uwerx project launches.
Already secured audit approvals from InterFi Network and Solid Proof, Uwerx is launching an ICO to offer investors, including freelancers, 40% of its total token supply (300 million WERX coins) in multiple presale rounds.
Uwerx also promises to secure investors’ funds by locking developers’ liquidity tokens for a 25-year period. This will be established post-presale. The Uwerx team will also renounce the project’s smart contract ownership when taxes hit zero to improve investors’ confidence and shut any backdoors leading to rug pulls.
The presale will start at $0.005 and promises a potential price leap and gain in the future. Learn more about Uwerx and its presale with the links below.
Website: https://www.uwerx.network
Presale: http://invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
