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  • SEC Sues Binance: What This Means For Paragon (PRG) And Nexo (NEXO). Uwerx (WERX) Keeps Selling Out

    SEC Sues Binance: What This Means For Paragon (PRG) And Nexo (NEXO). Uwerx (WERX) Keeps Selling Out

    With the world’s largest crypto exchange, Binance, sued by the SEC, most cryptos are in trouble. Cryptos like Paragon (PRG) and Nexo (NEXO) have been listed as securities, leaving their token holders needing clarification on what step to take next. 

    On the other hand, a new crypto, Uwerx, has been a profit deliverer for its holders. Uwerx’s presale has been fast-paced, with the WERX token constantly selling out. Its presale is now in stage 5, and the WERX price has remained bullish. 

    Paragon (PRG) Has Been On SEC’s Watchlist For A While

    Paragon (PRG) is a revolutionary protocol bringing crypto to the legal cannabis industry. However, Paragon (PRG) has not been in motion since 2021. In 2022, the SEC filed a lawsuit against the protocol, stating Paragon (PRG) failed to submit its periodic reports as requested by the letter sent to it. Also, it failed to register its initial coin offering (ICO).

    Fast forward to 2023, Paragon (PRG) has been listed by SEC as security and will be delisted.

    Analysts are extremely bearish on Paragon (PRG) as the protocol declared bankruptcy and will sunset its platform.

    Nexo (NEXO) Plans To Shut Down Two Of Its UK Offices

    Nexo (NEXO) is a lending platform that has quickly attained success since its launch in 2018, having branches in countries like the UK and the US.

    However, with the legal uncertainties in Europe, Nexo (NEXO) decided to close two of its subsidiaries in the UK. Due to regulatory issues, Nexo (NEXO) also stopped its Earn Interest program for the US in April.

    Despite these, Nexo (NEXO) is still onto big things. It recently launched a $150 million Web3 investment fund to further facilitate the adoption of digital assets and expansion of the Web3 ecosystem. 

    Uwerx (WERX) Is Selling Out

    Uwerx will be a blockchain-powered freelancing platform bringing decentralization and a 1% service fee. Uwerx has already launched its platform’s Alpha version. So far, ten features have been released: Logging and Sign-Up Pages, Forgot Password, Freelancer or Client Initiation, Initial Step of Job Creation and Finding Talent, My Activity Page, Hiring Dashboard Page, and Job Creation Process Page. The other platform features will be released subsequently.

    Also, Uwerx will transition to the Beta version, where users can test the platform themselves. 

    Another innovative feature of Uwerx is the Uwerx Vault. This will ensure user engagement and reward by providing safe storage for token holders to store their WERX tokens for an extended period. 

    A part of Uwerx’s success can be attributed to the agile methodology leveraged by Uwerx’s developers to roll out the project in batches while considering user feedback. 

    Due to rising demands, the presale WERX allocation was increased to 427.5 million (57%), with 72.5 million available in stage 5. The total WERX supply after launch is 750 million.

    The planned rate hike scheduled for Saturday, July 29th, 2023, at 18:00 UTC has been adjusted. Instead of the original 10% increase, the price will now rise from $0.05245 to $0.0564, reflecting a 7.5% increment The presale ends on July 31, 2023. 

    The Uwerx team has reduced their token allocation to 7% for users’ benefit and will renounce smart contract ownership once Uwerx is listed on centralized exchanges. With an 82.8% vote, they started the 25-year liquidity locking on developers’ tokens to avoid all chances of rug pull.

    With a 98.2% vote, the team will conduct a Test Airdrop to verify users’ receiving wallet addresses. They are user-centered, meaning they love hearing from the community. As such, they created an email, feedback@uwerx.network, where users can send their feedback and opinions.

    Uwerx is a game changer for the freelancing industry. If you are looking to tap into the billion-dollar gig economy and earn better, you should consider becoming a WERX holder. Join the presale now for a 15% bonus by following the links below:

    Presale: https://invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Fantom (FTM) is Going to Zero, All Attention is On VC Spectra (SPCT) Entering Stage 2 of Its Public Presale

    Fantom (FTM) is Going to Zero, All Attention is On VC Spectra (SPCT) Entering Stage 2 of Its Public Presale

    man looking chart

    As the cryptocurrency market experiences fluctuations, all eyes are on two prominent players: Fantom (FTM) and VC Spectra (SPCT). While Fantom (FTM) has faced challenges and concerns about its future, VC Spectra (SPCT) garners immense attention as it surges 37.5% in Stage 2 of its public presale. 

    The groundbreaking investment management platform of VC Spectra (SPCT) is attracting investors worldwide, offering a secure and inclusive opportunity. What’s next?

    Fantom (FTM) Trying To Breakout The Bear Trend: Will It Rise?

    As of July 25, Fantom (FTM) grapples with a challenging bearish trend, with the current price at $0.2431 – the lowest point in the entire week. This downward movement marks a significant decline from its starting price of $0.3275 on July 17, resulting in a notable 25.8% price drop for Fantom (FTM).

    The journey for Fantom (FTM) has been hindered by adverse events, such as hacks and substantial fund losses experienced earlier in July. These incidents have eroded market confidence in Fantom (FTM), leading to a massive loss of market support.

    Both analysts and the Relative Strength Index (RSI) indicators align with the bearish sentiment surrounding Fantom (FTM). This confluence of factors suggests that the token may continue facing challenges to break free from the current bearish trend.

    Investors closely assess the situation, awaiting signs of a potential reversal or recovery. However, with the prevailing market sentiment, Fantom (FTM) must overcome considerable obstacles to regain its upward momentum and rise from the grips of the bearish trend.

    VC Spectra (SPCT): Moving Towards New Horizons

    VC Spectra (SPCT) is a quickly rising asset management blockchain, changing how people invest. It offers safe and sustainable investment options, making it a popular choice. Furthermore, VC Spectra (SPCT) makes income generation accessible to people with all backgrounds, regardless of their expertise.

    VC Spectra (SPCT) ensures the safety of assets and smart investments with the help of experienced venture capitalists and risk managers. Investors also have exclusive voting rights to participate in decisions actively using the decentralized investment management system.

    The ongoing presale events have been successful for VC Spectra (SPCT). During Stage 2, early investors saw a considerable increase in the token price, giving them a good 37.5% return on investment (ROI). 

    As the presale goes to Stage 3, the token price will increase even more to $0.025, offering a 127.27% price surge. Though the price is higher in Stage 2, many investors are still interested as Stage 3 provides a much higher ROI.

    The goal is to reach a target price of $0.08 per token, which would mean a 627.27% ROI compared to the initial Stage 2 price. With such potential for returns, VC Spectra (SPCT) is a popular choice for investors looking for growth opportunities. It’s becoming a strong contender in the world of blockchain-based asset management.

    Learn more about VC Spectra (SPCT) and its presale:

    Buy Presale: https://invest.vcspectra.io/login 

    Website: https://vcspectra.io 

    Telegram: https://t.me/VCSpectra 

    Twitter: https://twitter.com/spectravcfund

    Disclaimer: This is a paid-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Swisstronik Announces Launch of its Testnet 1.0 to Enhance User Privacy and Compliance

    Swisstronik Announces Launch of its Testnet 1.0 to Enhance User Privacy and Compliance

    alps pencil

    Key Highlights

    • Swisstronik has successfully launched its first testnet, Testnet 1.0, offering a unique layer-1 network for building scalable, decentralized applications.
    • Swisstronik Testnet 1.0 has already attracted significant interest, receiving over 750 applications from dApp developers eager to gain early access to the platform. The company plans to further enhance its privacy and security features by integrating zk-SNARKs.
    • To ensure the integrity of Testnet 1.0, the platform has initiated its first Bug Bounty campaign, offering a $70,000 reward fund to researchers and developers who identify and report any vulnerabilities

    Swisstronik, a blockchain startup designed to build scalable, decentralized applications has announced the launch of its highly anticipated first testnet, Swisstronik Testnet 1.0.

    Following an official announcement today, the Swisstronik Testnet 1.0 is now live, offering immediate benefits to dApp developers, including robust encryption and enterprise-grade transaction security, thanks to its innovative utilization of Intel SGX technology.

    Swisstronik Testnet 1.0 is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly migrate their Ethereum-based dApps and smart contracts to the Swisstronik ecosystem. Furthermore, the platform’s future versions plan to implement the Inter-Blockchain Communication (IBC) protocol, enhancing interoperability among Cosmos-based blockchains.

    In addition to this, the platform plans to enhance its privacy and security features by incorporating zk-SNARKs in a future update. These cryptographic proofs will enable parties to verify information without revealing sensitive data, making them especially useful for verifying KYC data and personal information while maintaining user privacy.

    Swisstronik: A Unique Approach to Privacy and Compliance

    Designed to build scalable decentralized applications that ensure users’ privacy while remaining regulatory compliant, Swisstronik seeks to foster real-life adoption of blockchain technology through a robust, user-friendly, and secure network.

    Moreso, by addressing critical challenges surrounding legal compliance, data privacy, and interoperability, Swisstronik aims to become the preferred blockchain solution for dApp developers, enterprises, and individuals who value both compliance and privacy. Unlike existing privacy-focused solutions that prioritize anonymity, Swisstronik seeks to harmonize privacy with regulatory requirements.

    The platform differentiates itself by utilizing Intel SGX technology, which enables the creation of fully encrypted enclaves for each transaction. As a result, all transaction information is securely hidden from the rest of the network, ensuring privacy and protection against unauthorized access.

    Furthermore, to streamline compliance management for companies, Swisstronik introduces its innovative Web3 Compliance Suite. This suite acts as a self-regulating network of local personal data verifiers and compliance partners, reducing the regulatory burden on businesses and ensuring privacy and safety for every user. With this suite, even companies without significant legal expertise can build compliant dApps, making it an attractive option for developers and enterprises alike.

    The platform aimed to enable seamless and compliant cross-border operations with the suite. The platform is poised to act as a vital bridge between CBDCs and the broader cryptocurrency ecosystem, providing compatibility and regulatory adherence.

    Swisstronik Launches Bug Bounty Campaign Following Massive Interests From dApp Developers

    The announcement further revealed that the launch of Swisstronik Testnet 1.0 has generated significant interest, with over 750 applications from dApp developers seeking early access to the platform. Swisstronik’s unique value proposition, incorporating privacy-preserving technologies and compliance solutions, has captured the attention of the blockchain community.

    Swisstronik places a strong emphasis on security and community confidence. Hence, to ensure the integrity of Testnet 1.0, the platform has launched its first Bug Bounty campaign, offering a $70,000 reward fund to researchers and developers who identify and report any vulnerabilities. The proactive approach taken by Swisstronik reaffirms its commitment to transparency and continuous improvement.

    Notably, the campaign has been scheduled to end on September 15, 2023. Hence, any bugs found after the campaign period will be fixed before the launch of Swisstronik Testnet 2.0 in the autumn.

  • Ripple (XRP) Is Not Alone In SEC Trouble, And Uwerx(WERX) Looks To Restore Market Excitement

    Ripple (XRP) Is Not Alone In SEC Trouble, And Uwerx(WERX) Looks To Restore Market Excitement

    The market trended downwards as news of the SEC lawsuit emerged, and SEC charged Binance and Coinbase in addition to the ongoing Ripple (XRP) case. Regulations are necessary for cryptocurrency, but they have increasingly become more hostile in the past few months, notably due to the events of the FTX crash. Top exchanges have been top targets since the crash as they have been subjected to more scrutiny, leading to several branches shutting down and some even closing down.

    In this crypto winter, Uwerx is looking to be the coin that restores market excitement when it launches and the price skyrockets. Read on to learn more about its potential to blow up and make early investors some profit.

    Ripple’s (XRP) Surprising Price Trend

    Ripple (XRP) has been in a tough court case with the SEC since 2020, and as positive news starts to appear on the horizon, we see the SEC law launch back-to-back lawsuits at Coinbase and Binance. While the move from the SEC sent the market tumbling for the next couple of hours, Ripple (XRP) appears to be the only coin trading in the green.

    The cryptocurrency is on a positive trend in its weekly and monthly time frame and is looking to explore higher price ranges. Most crypto enthusiasts believe this is because the SEC did not list XRP amongst the ten cryptocurrencies it classified as securities in the lawsuit against Coinbase.

    Also, with Ripple (XRP) looking close to winning the case, investors must be feeling confident in buying into the project. As many people hope, the Ripple (XRP) case will set a precedent for other SEC charges that could come in the future, and hopefully, Ripple can win the case to throw that premise out of the window.

    Uwerx (WERX) Looking To Restore Market Excitement

    Uwerx is setting up nicely for a pattern we’ve once seen in the market, and it would be interesting to see how high Uwerx can go after launch. Before the 2021 bull run, the market fell into a massive dump in May 2021 and was revived by Dogecoin (DOGE) in the most unlikely of ways. The excitement from the DOGE pump would go on to fuel the market to new highs and inspire several other altcoins to run upwards.

    Uwerx is a new freelance platform, but the native WERX token is a perfect pick for the market due to its undervalued price on presale. With the presale, early buyers can get in way below market value to make some profit towards the launch and even after.

    Uwerx is built for great utility as the freelance platform will allow unique Web3 functionalities. With a truly decentralized freelance platform, users can retain value and earn rewards from their activity on the platform. Uwerx only charges a 1% fee on transactions established on the site compared to 10% – 20% from the rest of the industry.

    Uwerx presale is $0.05245 per token on Stage 5, and you should not miss the opportunity to be early. On Saturday, July 29th, 2023, at 18:00, there will be a price increase from $0.05245 to $0.0564, along with a generous 15% bonus.

    Presale: invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Will Dash (DASH) And Power Ledger (POWR) Experience A Bump As Uwerx’s (WERX) Fifth Funding Stage Sells Out?

    Will Dash (DASH) And Power Ledger (POWR) Experience A Bump As Uwerx’s (WERX) Fifth Funding Stage Sells Out?

    Experts are constantly making predictions, and most times, most coins defy them and go in the opposite direction. Dash (DASH) and Power Ledger (POWR) may lean towards beating the downward predictions made about them. 

    Uwerx has nothing but outstanding support, beneficial hype, and consistent success. 

    This article will discuss these three coins and explore their standings despite poor market conditions.

    Dash (DASH) Now Accepted On AliExpress

    Dash (DASH) focuses on providing cheaper, fast, easy financial transactions. The idea behind creating this crypto token was to solve the issues of other projects.  

    Binance recently announced that it would be deleting many tokens from its platform. The removal affected mainly privacy tokens, which are twelve in number, including Dash (DASH). 

    Following the removal, Binance explained that the decision was made to comply with local laws and regulations relating to privacy coins. 

    Furthermore, AliExpress and Shopping.io recently started accepting DASH as a means of payment on their e-commerce websites. 

    Despite unfavorable price predictions from experts, DASH had kept a more than 1% daily increase, trading at $39.02. However, experts believe the coin will fall by over 1% in a few days.

    Power Ledger (POWR) In A Lawsuit

    POWR enables peer-to-peer energy trading on the Power Ledger (POWR) platform. By utilizing blockchain technology for trading renewable energy, this software and technology firm provides a platform for clients to trace, track, exchange, and purchase energy. 

    In a recent trend, POWR was among the nine crypto coins listed as unregistered by The United States Of America Securities and Exchange Commission (SEC). The commission claimed that Coinbase had already delisted these coins. This complaint was filed last week Thursday. 

    Furthermore, Power Ledger (POWR) was announced amongst many other prominent firms involved in Renewable Energy as the ‘Blockchain’s Key Players In Renewable Energy.’ 

    Despite the bearish sentiment, POWR is at $0.14 after falling from over $0.18, with an over 0.5% daily increase. But, experts still feel pessimistic about the coin and anticipate a decline of over 3%. 

    Uwerx’s (WERX) Fifth Funding Stage Sells Out

    The hard cap presale date for Uwerx is quickly approaching. Soon 31 July will be upon us, and people who have yet to invest in this excellent and promising project may have to sit and watch holders and investors reap massive gains. 

    Many incredible things have happened in this current funding stage, and more will come quickly. An astounding 15% purchase bonus was introduced with a referral bonus. 

    The development team also previously launched the Uwerx Vault, a security solution with staking capability, rewarding users for storing their tokens. This move ensures long-term holding to accrue gains. 

    Another great feat by Uwerx is the addition of more features to the Alpha Version of the platform, which includes the Login, Forgot Password, Freelancer or Client Initiation, Job Creation Process, My Activity, and Initial Step of Job Creation and Initial Step Of Finding Talent pages. The platform will begin the transition to the Beta version soon. The change will enable users to start testing the platform. Users with feedback and suggestions can email the team at feedback@uwerx.network. 

    Furthermore, the 25 years liquidity lock scheduled for after the presale was initiated by the team on Wednesday, 7 June 2023. The team will also conduct a Test Airdrop that will be helpful to users in validating their wallet addresses. 82.8% and 98.2% of the community voted for these proposals, respectively.

    Also, when the project gets listed on centralized exchanges, the team will renounce smart contract ownership. The team also reduced their token allocation to 7%, and let’s remember the locking of said tokens for 25 years. These moves speak volumes and have shown outstanding commitment and confidence. 

    Freelancers have become an integral part of many companies. With many freelancing platforms charging freelancers hefty transaction fees of 10% to 20%, Uwerx aims to support freelancers by charging meager transaction fees of 1%. A report in 2022 by Velocity Global showed that 52% of workers would have done freelancing by the end of 2023. 

    WERX is currently priced at $0.05245 at the final funding stage of the project and a price increase is scheduled for later this week at $0.06294. There are 750 million tokens in supply, and 72.5 million are allocated for the fifth funding stage. SolidProof and InterFi Network have audited Uwerx and deemed it secure and transparent. 

    The team utilized an agile methodology to accelerate deployment and rapidly develop the project through feedback.

    Dash (DASH) and Power Ledger (POWR) have surged recently. But the rise did not last. The tokens still aim to move up in the near future. 

    Uwerx, on the other hand, has been on an upward trend since its presale launch and has continued to break barriers by becoming the first project that will renounce smart contract ownership.

    Follow the links below to enjoy the 15% purchase bonus now, before the price increase!

    Website: https://www.uwerx.network

    Presale: http://invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Top Cryptocurrencies to Watch in 2023: Uwerx (WERX), SingularityNET (AGIX), and Lido DAO (LDO) Lead the Pack

    Top Cryptocurrencies to Watch in 2023: Uwerx (WERX), SingularityNET (AGIX), and Lido DAO (LDO) Lead the Pack

    As the crypto market continues to captivate investors and enthusiasts alike, staying informed about the most promising digital assets is crucial. This article highlights three standout cryptocurrencies: Uwerx, SingularityNET (AGIX), and Lido DAO (LDO). 

    These coins have demonstrated exceptional potential and are poised to lead the market in 2023. Keep reading to learn more about these exciting digital assets’ unique features, innovations, and growth prospects.

    SingularityNET (AGIX) Price Prediction

    SingularityNET (AGIX) is a blockchain platform revolutionizing the AI landscape with its innovative services and marketplace. While SingularityNET (AGIX) experienced a decline from its previous high, its future remains promising. 

    SingularityNET (AGIX) shows impressive growth potential, currently priced at $0.259. Projections suggest a surge, with SingularityNET (AGIX) potentially reaching $0.50 by Q3-Q4 2023 and soaring to $1.00 by Q1-Q2 2024. These anticipated gains are backed by market analysis, reflecting the increasing demand for SingularityNET’s (AGIX) services and the platform’s potential for exponential growth.

    Lido DAO (LDO): A Top Coin in the Staking Solutions Space

    Lido DAO (LDO) is a decentralized autonomous organization spearheading the development of Ethereum 2.0 staking infrastructure. 

    Lido DAO (LDO) presently trades at $2.40 with a trading volume of $115,368,730. As investors continue to add Lido DAO (LDO) to their portfolios, the market analysis predicts a trading range of $2.31 to $2.68 before the start of Q4 2023, showcasing the growing interest and potential for Lido DAO’s (LDO) token.

    Uwerx (WERX): Empowering Freelancers and Driving Innovation in the Gig Economy

    Uwerx is an up-and-coming blue-chip crypto project in 2023 set to surpass traditional freelance platforms. Freelancers will discover unparalleled opportunities to showcase their skills, secure ideal work matches, and earn substantial rewards within the Uwerx ecosystem—exciting incentives like leaderboards, milestone rewards, and recognition for exceptional performance set Uwerx apart.

    Its cost-effective fee structure truly differentiates Uwerx from platforms like Upwork and Fiverr. With a flat fee of only 1%, freelancers benefit from an affordable solution. 

    Uwerx’s commitment to transparency and reliability is demonstrated through rigorous audits conducted by SolidProof and InterFi Network. The proactive step of locking liquidity for 25 years ensures the project’s long-term stability, safeguarding investor funds.

    The Uwerx team’s decision to renounce smart contract ownership while integrating with centralized exchanges enhances security and mitigates risks of rug pulls, instilling confidence in investors. 

    With optimistic predictions from crypto analysts, who anticipate the WERX token reaching $1.7 by Q3 2023, now is an opportune time for potential customers to acquire WERX tokens and benefit from significant price appreciation.

    The Test Airdrop: Experiencing Uwerx’s (WERX) Potential Firsthand

    The upcoming Test Airdrop in July provides an exclusive opportunity to experience Uwerx’s potential and glimpse the promising future. 

    Presale investors benefit from a six-week vesting period, gradually releasing tokens for stability and sustainable growth. 

    With WERX tokens trading at $0.05245 in presale Stage 5, it’s an excellent time to enhance your portfolio with a generous 15% purchase bonus. 

    Even though SingularityNET (AGIX) and Lido DAO (LDO) keep trying to bounce back, Uwerx leads the charge as the top coin of 2023.

    Be a part of the future today before the price increase; you can visit the links below:

    Presale: invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network/

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

    OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

    HONG KONG, HONG KONG, July 26th, 2023, Chainwire

    OKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT.

    OKX’s PoR covers 22 commonly used digital assets and demonstrates that OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

    OKX stores the majority of its reserves in highly secure off-chain cold storage. It has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in late 2022.

    OKX’s current reserve ratios are as follows:

    • BTC: 103%
    • ETH: 103%
    • USDT: 103%

    OKX Global Chief Commercial Officer Lennix Lai said: “Public-facing disclosures of both reserves and liabilities are essential to ensure long-term accountability in our industry. However, point-in-time attestations of reserve holdings mean little—instead, sustained and consistent disclosures are needed. As the industry leader when it comes to monthly PoR reporting, with more consecutive monthly snapshots than any other top exchange, our commitment to transparency is unwavering.”

    OKX will continue to publish its monthly PoR while providing a self-audit tool to all users. The open-source verification tool enables users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.

    OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.

    Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.

    For further information, please contact:

    Media@okx.com

    About OKX

    OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

    As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

    Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

    OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

    To learn more about OKX, download our app or visit: okx.com

    Disclaimer

    THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

    Contact

    OKX
    media@okx.com

  • Xandeum, the L1 with Scalable Storage Layer, Announces Grand Launch on July 30

    Xandeum, the L1 with Scalable Storage Layer, Announces Grand Launch on July 30

    Las Vegas, Nevada, July 25th, 2023, Chainwire

    Xandeum, a trailblazing blockchain startup committed to accelerating humanity’s transition to decentralized control, announces its highly anticipated launch on July 30, 2023, at 11:00 am PT.

    Leveraging the power of blockchain technology, Xandeum’s mission is to empower collective self-determination by creating a scalable, blockchain-based storage layer for smart contracts, which adds a new dimension to the decentralized web. Named External Global Grouped Storage (EGGS), this solution pioneers a new era of storage-enabled Web3 apps (sedApps) on Xandeum.

    In a departure from the traditional model of seeking venture capital, Xandeum prioritizes community control by selling node licenses directly to its users. The grand launch will introduce an incentivized purchase model, creating a buzz for this revolutionary blockchain project.

    “Xandeum is all about transforming the world of blockchain,” said Bernie Blume, founder of Xandeum. “We’re not just creating another blockchain; we’re creating a holistic platform that integrates advanced blockchain technology with a revolutionary storage solution, paving the way for fully-fledged, storage-enabled Web3 apps.”

    The grand launch introduces an attractive purchase model: the first transaction to purchase a node will receive a generous 50% rebate, the second 49%, the third 48%, and so on until the 50th transaction, which will still secure a 1% rebate.

    This follows Xandeum’s track record of success, already having sold over 2,809 nodes for proceeds surpassing $1.9 million under the prior brand name Bitoku. By opening the market to its community, Xandeum aims to foster further expansion and innovation.

    “Our community just loves to embark on this journey so early, at least 4 to 5 months ahead of the ICO, in order to reap the maximum benefits.” notes Blume.

    Post-launch, Xandeum will roll out an incentivized Devnet on August 15, followed by a Testnet in the fall, an ICO of the XAND token in November and a beta version of the mainnet scheduled for 2024. 

    “Join us in this exciting journey. Visit our website, explore the lightpaper and the RFC version of our technical whitepaper, check out the roadmap, and prepare to participate in our grand launch,” urged Blume.

    Users are invited to join the blockchain revolution at xandeum.com and prepare for the Grand Launch. Xandeum.com is set to take blockchain technology to the next level.

    About Xandeum

    Xandeum is a blockchain startup aimed at advancing blockchain technology. With projects like the development of the Xandeum blockchain, the integration of the Move language, and building the EGGS storage layer for smart contracts, Xandeum is pushing the boundaries of decentralized control and collective self-determination.

    For more information: Official Website | Discord | Twitter

    Contact

    CEO
    Bernie Blume
    Xandeum Labs
    bernieb@xandeum.com

  • Altcoin Forecast for 2023: Uwerx (WERX), Quant (QNT), and Zcash (ZEC) Poised for Success

    Altcoin Forecast for 2023: Uwerx (WERX), Quant (QNT), and Zcash (ZEC) Poised for Success

    In the face of a predominantly bearish crypto market in 2022, the continued surge in cryptocurrency adoption paints a compelling picture. This trend suggests that older coins are actively fortifying their fundamentals to meet the evolving demands of the present market scenario. 

    Consequently, astute crypto investors must seek out fundamentally robust coins with unique offerings. As anticipation builds, industry analysts place their bets on Uwerx, Quant (QNT), and Lido DAO (LDO) as the top altcoins projected for remarkable success in 2023. 

    This article explores these coins’ potential for the upcoming year.

    Quant (QNT) Price Prediction 

    Quant (QNT) is a blockchain project that aims to bridge different networks and enable seamless interoperability. 

    Currently priced at $112.03, Quant (QNT) has shown strong growth potential. Market analysis and predictions suggest that Quant (QNT) could reach $121.20 by Q4 2023, driven by increasing demand for interoperability solutions.

    Lido DAO (LDO): A Decentralized Autonomous Organization Revolutionizing Ethereum 2.0 Staking Services

    Zcash (ZEC) is a privacy-focused cryptocurrency that aims to provide secure and anonymous transactions. 

    Zcash (ZEC) has shown promising growth potential, priced at $29.30.Crypto projections indicate a potential surge, with Zcash (ZEC) predicted to reach $40.25 by the end of 2023. As privacy concerns continue to gain importance, Zcash’s (ZEC) unique features position it for potential success in the cryptocurrency market.

    Uwerx’s  (WERX) Journey: Audits, Listings, and Community Engagement Fueling Growth and Authenticity

    Uwerx is an upcoming project fostering growth and decentralization through strategic initiatives, such as renouncing ownership contracts, eliminating taxes, and embracing centralized exchanges.

    In Stage 5 of the presale, WERX tokens are available at $0.05245 with a lucrative 15% purchase bonus. The introduction of the Uwerx Vault offers token holders a creative haven to stake their assets and unlock rewards based on platform variables.

    Uwerx prioritizes security and credibility with audits by SolidProof and InterFi Network, instilling investor confidence. The CoinSniper listing marks a significant milestone, amplifying Uwerx’s visibility, while the highly anticipated listing on Uniswap is expected to propel further growth.

    Uwerx celebrates a rapidly growing community with over 5,500 sign-ups, 1,600 Twitter followers, and 1,500 Telegram members, a testament to its expanding reach and engagement.

    Uwerx’s (WERX) Alpha to Beta Transition: Enhancing User Experience and Progress

    The transition from Alpha to Beta brings progress and improved user experience. Explore the detailed PDF update on Alpha, covering sign-up, job creation, talent discovery, and many more features.

    Uwerx values user feedback and encourages open communication via feedback@uwerx.network. In a testament to transparency and community-driven decision-making, team tokens will be locked, aligning with the community’s consensus. Token holders can anticipate their shares after the presale, with a carefully structured 6-week vesting period to unlock gradual benefits.

    Uwerx ignites optimism as projections point to a promising future, with WERX tokens anticipated to reach $0.94 by Q3-Q4 2023 and soaring to $2.00 by Q1-Q2 2024, fueling excitement and growth potential in the market.

    While Quant (QNT) and Zcash (ZEC) make significant progress, Uwerx positions itself as a leading presale of 2023.

    Buy Uwerx today and receive a bonus of 15% when acquiring WERX tokens: 

    Presale: invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network/

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.