In the wake of the recent SEC’s legal probes, the crypto industry has experienced a massive shake-up. Several well-known coins like Beaxy token (BXY) and Ducat (DUCAT) are not free of this hammering, with their operations forced into an irredeemable limbo.

But there’s no cause for pessimistic expectations, as analysts have highlighted a promising, if not better, alternative—Uwerx (WERX).

Uwerx (WERX) dominates the park with its solid foundation and real-life use case, offering innovative solutions to the growing freelance economy. Experts believe the price could hit $2.5 by the last quarter of the year. Here’s why.

Beaxy Token (BXY) Shutters After the SEC Lists It In The Latest Securities Declaration

Beaxy token (BXY) is the native asset of Beaxy Exchange, a Chicago-based firm aimed at closing the long-existing rift between legacy finance and cryptocurrency. It serves as an expository ground for myriad digital assets available in the market. Launched three years ago, the company has grown enough to build a safe and healthy user community.

However, these innovative exploits were cut short on March 29, 2023, when US Securities and Exchange Commission (SEC) filed a lawsuit against the digital asset exchange platform and its executives for a discrepancy in their registration.

In addition, the financial watchdog also issued a charge against the founder of the company, Artak Hamazaspyan, and his company Beaxy Digital, for raising $8 million with unregistered security and cornering about $900,000 for personal use, especially gambling. Furthermore, the SEC brought market markers operating on the platform to the quarry, classifying them as unregistered dealers.

The Beaxy Token (BXY) Vs. SEC legal battle started a week after Justin Sun and three of his firms were caught up in a dirty trade with the Tron token (TRX), which amounted to eight American celebrities being charged with the promotion of BitTorrent tokens without revealing that they were given a huge sum of money to engage in the act.

In response to the multiple lawsuits, the Beaxy token (BXY) has been shut down, its users whose assets are still locked on the platform refunded, and the remaining BXY tokens destroyed. Also, the company has announced that all customer assets on its ecosystem will be available for withdrawal for 30 days to avoid unnecessary congestion.

As it seems, the question of whether Beaxy (BXY) could bounce back from it all, however, is a matter of time and dutiful hopefulness.

Uwerx (WERX) Keeps Shining

It’s no longer a debatable opinion that the future, as we may come to know it, belongs to the gig work. By 2028, the freelance industry is expected to be worth $12.01 billion. In that light, Uwerx strives to create a more efficient space for freelancers by incorporating blockchain technology.

Many believe that Uwerx (WERX), a project still in the 5th phase of its presale, will contest with big players like Upwork and Fiverr, featuring more incentives like fast-track transactions, enhanced security, and a 1% platform fee. Analysts speculate that Uwerx (WERX) could become a future blue-chip asset, hitting $2.5 by Q4 2023.

With many investors trooping into the project, the Uwerx development team increased the presale token allocation to 57% (427,500,000). Also, to maximize user benefits, the team has reduced their token allocation fees from 8% to 7%. As a result of these significant milestones, Uwerx (WERX) has garnered 5546 signups, 1655 Twitter followers, and 1746 followers on Telegram.

The project is enjoying unparalleled success in its presales due to the agile methodology approach of the development team. Uwerx (WERX) has also launched its Alpha version, which features a Landing page and a Signup page. Other features include a Login/Sign In page, User Dashboard, Settings, Posting Jobs, Finding Jobs, and many more.

Meanwhile, the Beta version is coming to the frontier soonest, which users can interact with. Users can send their reviews and recommendations to the dedicated feedback email of the Uwerx team at [email protected].

In addition, the Uwerx team plans to renounce ownership of all smart contracts to guarantee the long-term sustainability of the platform after Uwerx is listed on centralized exchanges. Also, the Uwerx team has locked their liquidity tokens for nine months, as decided by 82.8% of the Uwerx community votes. The lock happened on June 7, 2023.

Finally, Uwerx was audited by InterFi Network and SolidProof to assure investors of the project’s enhanced security.

Ducat (DUCAT) Plummets to 0% After Failed Registration

Not too long, the Wyoming-based digital assets company, American CryptoFed, sent two forms to US SEC requesting to launch Locke and Ducat coin. The file referred to Ducat (DUCAT) as a stablecoin that can be used as a store of value and for everyday transactions.

On October 10, 2021, the SEC charged American CryptoFEd DAO LLC with a false registration form, thereby putting the registration of both tokens on a temporal hold. In response to the probes, American CryptoFed withdrew its request, consequently leading to zero DUCAT tokens in circulation.

At the moment, CryptoFed has filed Form S-1 to register Locke (LOCKE) and Ducat (DUCAT) tokens to institute their tradability and transferability. While the crypto community awaits the approval of Form S-1, both tokens will remain shuttered. But with the recent SEC crackdown on crypto, it might take a while before this application materializes.

Now remains the best time to get into the profitable Uwerx project as its price is relatively cheap at $0.041. Uwerx also offers a 15% bonus on all purchases.

For further details on Uwerx and the ongoing presale, kindly follow the links below:

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