Bitcoin (BTC) broke $25,000, and altcoins have started rallying. The market is very much risk-on, and traders have the chance to make huge returns in the first quarter. A new up-and-coming protocol, Uwerx, aims at the freelancing industry.
What Is Uwerx (WERX)?
Uwerx has opened its presale and is fundraising to build the world’s first decentralized freelance marketplace. Uwerx will compete with traditional giants Upwork and Fiverr, but with several key differences. Uwerx will charge a flat platform fee of 5% versus the now reduced to 10% levied by Upwork. Uwerx will leverage smart contracts to release funds to freelancers. Upwork uses a lengthy escrow service and offers a poor exchange rate. Finally, Uwerx will store tamper-proof records, whereas Upwork uses centralized servers open to abuse.
According to Forbes, workers are spending more time freelancing, with the average weekly hours increasing to more than 1 billion hours per week freelancing, up from 998 million hours in 2015. This astronomic growth shows the interest in freelancing from the workforce, and Uwerx will deliver the freelancing marketplace in alignment with the needs and desires of modern freelancers.
Uwerx (WERX) Price Analysis
Both will act as bullish long-term catalysts, and for that reason, analysts have predicted that the WERX token may trade as high as $6 by the end of 2023 (from its presale price of $0.005) with greater upside potential in 2024, follow the links below to join the exciting journey today.
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