Blog

Futures Trading Explained: Is it the Right Option for You?

Futures trading is a type of financial market activity that includes making predictions about how various assets, such as commodities, currencies and indexes will change in value in the future. Although it comes with inherent risks, it also presents an opportunity for possible gains.

In this article, you can explore the world of futures trading, outlining its principles, advantages, types of futures contracts and other factors, so you may decide if this activity is something you can take up.

Understanding Futures Trading

Standardized agreements to purchase or sell an item at a defined price and date in the future are known as futures contracts. Unlike stocks and options, futures trading entails gambling on the underlying future value of assets as opposed to actually holding the item. Traders take positions with either purchasing (going long) or selling (going short) futures contracts. By liquidating the position before the contract’s expiration, the objective is to gain from price movements. The use of leverage, which enables traders to hold a greater position with a smaller initial capital input, is a significant component of futures trading.

Benefits of Futures Trading

Futures trading offers several advantages that make it an appealing option for traders. Firstly, the high liquidity of futures markets ensures efficient price discovery and ease of entry and exit from positions. Additionally, the leverage available in futures trading can amplify potential returns. Futures contracts also provide opportunities for diversification, allowing traders to access a wide range of asset classes. Furthermore, futures markets operate nearly 24 hours a day, providing flexibility for traders in different time zones.

Considerations and Risks

While futures trading can be promising, it is important to understand the associated risks. The leverage that amplifies potential returns also magnifies losses. Market volatility can result in substantial losses if positions are not managed carefully. Timing is crucial in futures trading, as contracts have expiration dates and holding positions beyond expiration may result in physical delivery or rolling over to subsequent contracts.

Traders need to be knowledgeable about the asset they are trading, staying informed about market news, economic indicators and global events that can impact prices. Risk management, including setting stop-loss orders and position sizing, is essential to protect capital and limit potential losses.

Who Should Consider Futures Trading?

Futures trading is suitable for individuals who are willing to dedicate time and effort to learn and understand the market dynamics. Traders should have a high tolerance for risk and be able to handle the emotional aspects of trading, such as managing losses and controlling greed. Active traders who thrive in fast-paced environments may find futures trading appealing due to its high liquidity and volatility. However, it is important to note that futures trading is not suitable for everyone, particularly those with limited capital, a low-risk tolerance, or a long-term investment horizon.

Conclusion

Futures trading presents business prospects across a range of marketplaces. However, it requires a thorough understanding of market dynamics, risk management and the capacity to deal with the difficulties of trading. To consider if futures trading is suitable for you, take into account your risk tolerance, investing objectives and willingness to put in the necessary time and effort.

July 20, 2023
What is Stablecoin and How Does it Work? Understanding the Basics

Stablecoins are a type of cryptocurrency that attempt to address one of the biggest challenges of traditional cryptocurrencies: volatility. Unlike other cryptocurrencies, which are known for their wild price fluctuations, stablecoins aim to maintain a stable value by pegging their price to an external reference, such as a fiat currency or a commodity like gold.

Stablecoins have become increasingly popular in recent years, as they offer a number of advantages over other cryptocurrencies. For one, stablecoins can be used as a medium of exchange without the risk of losing value due to price fluctuations. They also offer a way for investors to park their funds in a cryptocurrency without exposing themselves to the risks associated with other cryptocurrencies.

There are several different types of stablecoins, each with their own unique characteristics and advantages. Some stablecoins are backed by fiat currencies, while others are backed by commodities like gold or silver.

Some stablecoins use algorithms to maintain their price stability, while others rely on a network of trusted custodians to manage the backing assets. Regardless of the approach, stablecoins are an increasingly important part of the cryptocurrency landscape, and are likely to play an even bigger role in the years to come.

Types of Stablecoins

Stablecoins are a type of cryptocurrency that can be purchased in a crypto wallet that aims to maintain a stable value by pegging it to an underlying asset or a basket of assets. There are several types of stablecoins, each with its unique mechanism for achieving price stability.

Notable Stablecoins in the Market

Stablecoins are cryptocurrencies that are designed to maintain a stable value relative to a particular asset or a basket of assets. They have become increasingly popular in the crypto market as they offer stability and lower volatility than other cryptocurrencies. Here are three notable stablecoins in the market:

Tether (USDT)

Tether (USDT) is the most popular stablecoin in the market with a market capitalization of $79.7 billion as of March 31, 2023. It is a fiat-backed stablecoin that is pegged to the US dollar at a 1:1 ratio. This means that for every USDT issued, there is an equivalent amount of US dollars held in reserve.

Tether is widely used as a means of exchange in the crypto market as it provides traders with a stable store of value. It is also used as a trading pair on many cryptocurrency exchanges. However, Tether has been the subject of controversy as there have been concerns about the transparency of its reserves.

USD Coin (USDC)

USD Coin (USDC) is another popular stablecoin in the market that is pegged to the US dollar at a 1:1 ratio. It is a fiat-backed stablecoin that is issued by Circle, a cryptocurrency financial services company, and Coinbase, a cryptocurrency exchange.

USDC is fully collateralized, which means that for every USDC issued, there is an equivalent amount of US dollars held in reserve. It is widely used as a means of payment and as a trading pair on many cryptocurrency exchanges.

Dai (DAI)

Dai (DAI) is a decentralized stablecoin that is pegged to the US dollar at a 1:1 ratio. It is collateralized by a basket of cryptocurrencies, including Ethereum, Basic Attention Token, and 0x. This means that the value of Dai is maintained through a system of smart contracts and is not dependent on a single asset.

Dai is created through a process called collateralization, where users lock up their cryptocurrencies in a smart contract to generate Dai. It is widely used in decentralized finance (DeFi) applications, where users can earn interest on their Dai holdings or use it as collateral for loans.

Benefits of Stablecoins

Stablecoins offer several benefits compared to other cryptocurrencies. Here are some of the most significant benefits:

Stability

As the name suggests, stablecoins are designed to be stable and have a fixed value. Stablecoins are pegged to a specific asset, such as a fiat currency or a commodity, which helps to stabilize their value. This stability makes stablecoins more suitable for everyday transactions, as users can be confident that the value of the stablecoin will not fluctuate significantly.

Lower Transaction Costs

Stablecoins can help reduce transaction costs significantly. Unlike traditional payment methods, which often require intermediaries, stablecoins can be transferred directly between parties, which can help reduce transaction fees. This makes stablecoins an attractive option for businesses and individuals who want to save money on transaction fees.

Faster Transactions

Stablecoins can also facilitate faster transactions. Because stablecoins are built on blockchain technology, transactions can be processed quickly and securely. This makes them an attractive option for businesses that need to process a large number of transactions quickly.

Accessibility

Stablecoins are accessible to anyone with an internet connection, regardless of their location.

This makes them an attractive option for people who do not have access to traditional banking services. Stablecoins can also be used to transfer money across borders quickly and easily.

Privacy

Stablecoins can offer greater privacy compared to traditional payment methods. Because stablecoins are built on blockchain technology, transactions can be conducted anonymously.

This makes them an attractive option for people who value their privacy.

Overall, stablecoins offer a promising alternative to traditional cryptocurrencies, but they also come with several risks and challenges that need to be carefully managed and addressed.

As the stablecoin market continues to grow and evolve, it will be important for issuers, regulators, and users to work together to ensure the stability, security, and viability of these innovative digital assets.

July 20, 2023
Global Crypto Community Convenes at Dubai’s Blockchain Economy Summit, Uniting Industry Leaders for a Groundbreaking Event on October 4-5, 2023
Dubai, UAE – The Blockchain Economy Summit, recognized as the world’s largest blockchain conference network, is set to redefine the future of finance by bringing together key players and experts from the crypto industry. The highly anticipated 8th edition of the summit will take place over two days in Dubai on October 4-5, 2023, in Le Meridien Dubai Hotel & Conference Center, attracting the world’s top crypto companies, blockchain entrepreneurs and AI innovators.

Solidifying its position as a premier event in the blockchain and cryptocurrency space, the Blockchain Economy Summit has achieved remarkable success with previous editions held in London and Istanbul earlier this year. These highly acclaimed summits have further established the event’s global reputation. Notably, OKX, the World’s second-largest crypto exchange, proudly serves as the Exclusive Title sponsor for all of Blockchain Economy’s 2023 Summits.

As Dubai rapidly emerges as a global crypto hub, the Blockchain Economy Dubai Summit will serve as the region’s premier gathering, representing the world of blockchain, cryptocurrency and AI. With participants from over 85 countries, this prestigious event offers a comprehensive program focused on the future of financial technologies, providing extensive networking opportunities for attendees.

“We are thrilled to be back in Dubai, a city at the forefront of embracing blockchain technology,” said Servi Aman, General Manager of the Blockchain Economy Summit. “Dubai’s strategic vision and commitment to innovation perfectly align with our mission to shape the future of finance. This event will spark collaboration and exploration of groundbreaking ideas, driving the crypto industry forward.”

The Blockchain Economy Dubai Summit will feature renowned speakers from various sectors of the tech industry. The first lineup of notable speakers joining the event this year includes:
1. Martin Hanzl – Head of New Technologies at EY Law
2. Lennix Lai – Global Chief Commercial Officer at OKX
3. Fred Sun – Head of Strategy at Tencent Cloud International
4. Matthew Sigel – Head of Digital Assets Research at VanEck
5. Michaël van de Poppe – Crypto Investor, Technical Analyst and CEO of MN Trading
6. Charles Cheng – Ph.D, Forbes China 60
7. Sam Blatteis – CEO of The MENA Catalysts
8. Alex Fazel – Chief Partnership Officer at SwissBorg
These influential speakers, along with many others, will share their expertise and insights, contributing to the vibrant discussions and knowledge exchange at the summit.

The summit will delve into the latest developments and trends within the blockchain, cryptocurrency and AI space, featuring industry leaders, engaging panel discussions, and opportunities for growth and investment. With top crypto companies and tech entrepreneurs converging in Dubai, the event will serve as an unparalleled platform for networking, knowledge sharing, and fostering strategic partnerships.

Dubai’s dynamic ecosystem, progressive regulatory framework, and thriving crypto community provide the ideal backdrop for the Blockchain Economy Dubai Summit. The event aims to solidify Dubai’s position as a global leader in blockchain innovation and accelerate its journey towards becoming a prominent crypto hub.

For more information about the Blockchain Economy Dubai Summit and to secure your participation, please visit the below links:

Tickets: https://beconomydubai.com/tickets

Sponsorships: https://beconomydubai.com/why-sponsor

Discounted Hotel Booking: https://beconomydubai.com/venue

Name: Blockchain Economy Dubai Summit 2023

Date: October 04-05, 2023

Venue: Le Meridien Dubai Hotel & Conference Center

Event Hashtag: #BESUMMIT

Contact address: contact@teklip.org

Special discount code: BEDUBAI23 (tickets for just $99)
July 20, 2023
Bitcoin Season Has Outperformed Altcoins for Almost Two Years

Bitcoin season is here to stay; at least, that’s what we see from recent market analysis. This seems to be the biggest timelapse in cryptocurrency history when altcoins didn’t outperform Bitcoin, again making it one of the strongest digital coins in existence.

Reaching higher levels of performance against Bitcoin can be challenging, especially when talking about market capitalization since it’s the first digital currency and appeared during times when people were asking for financial alternatives.

Bitcoin indeed offers a reliable store of value option, but altcoins come with numerous other opportunities. For example, if you buy Ethereum, the second most popular cryptocurrency and best altcoin, you can use the coins for in-game assets in decentralized games, DAOs, DeFi applications, and so much more. At the same time, you’ll have access to plenty of resources and communities on the Ethereum blockchain, which leverages one of the most efficient tools, smart contracts.

Still, Bitcoin is leading the market. But why?

What exactly is Bitcoin season?

In simple terms, Bitcoin season is a certain period of time when prices increase in comparison with altcoins, which are, of course, outnumbering Bitcoin. On the other hand, altcoin seasons occur when the usual top 50 cryptocurrencies perform better than bitcoin in a span of at least three months. The last altcoin season was in 2021.

An altcoin season isn’t easy to spur out of a few coins outperforming Bitcoin. That’s because the first digital coin currently values almost half of the cryptocurrency economy, while Ethereum barely accounts for 20%.

Do seasons guarantee better profits?

Although seasons happen when prices increase and coins have more value, that doesn’t mean volatility won’t appear. Investors and traders can diversify their portfolios more efficiently during this time, but they still need to be careful with the strategies adopted.

Bitcoin starts to lose dominance during the altcoin season, which may affect the remaining coins for some time. At the same time, when Bitcoin is doing badly, it may be because the economy is also going through difficulties, which overall is not the best time to make considerable investments.

What factors trigger an altcoin season?

It’s more likely that Bitcoin stays on top of the competition most of the time, but sometimes certain factors can affect its power, increasing the way altcoins perform. In most cases, these factors have to do with Bitcoin.

For example, when Bitcoin’s price stabilizes, investors might want to sell these coins for altcoins, which are more profitable at that moment. This action may lead to the start of an altcoin season following an upwards Bitcoin price movement. This element of market dynamics should be studied by anyone investing, as it can provide the right information at the right time.

An altcoin season can also occur when NFT or DeFi trends rule the markets. That’s because most of these digital assets are built on the Ethereum blockchain, which best creates tools like smart contracts that can pave the way toward decentralized applications and asset diversification.

Blockchain ecosystems are evolving continuously, and they usually use Ethereum-like altcoins or native tokens to operate within the ecosystems.

What to look for before the start of an altcoin season?

Altcoin seasons don’t simply appear on the market. Otherwise, it would be one of the most disastrous events for investors because they’ve no time to prepare for their next move. Some key metrics are observable when it comes to predicting such a period.

First, the Bitcoin bull market is flourishing. Considering last year’s stats, it seems like every time Bitcoin’s bull run ended, altcoins had a roaring success. This can be explained through the movement of investors that buy altcoins since they’re more affordable.

However, not only Bitcoin triggers this event. Large market cap altcoins may experience a surge in prices, such as Ethereum, which is a famous alternative to Bitcoin. When the price of ETH increases, money also flows to other smaller altcoins, which can be an infinite profit maker.

Finally, if you’re up on what happens in the crypto market daily, you may notice that more blockchain and digital trends are happening, which can be a significant factor in an upcoming altcoin season. This explains why Bitcoin has been trending for such a long time since the rise of DeFi, metaverse and AI triggered cryptocurrencies, blockchains and exchanges to develop.

Bitcoin vs. Altcoins: which is better for investing?

Stating which is better is difficult because these assets have different use cases and advantages, so the best thing to do is blend them to create a balanced portfolio. That’s because while Bitcoin is the most reliable store of value out there, its increased volatility can put a strain on people’s investments. On the other hand, altcoins might not have much value or use case, but their purpose is different, so they operate in different environments.

Regarding risks, Bitcoin has more issues than volatility. Its technology is also an impediment, considering its blockchain still works through PoW, which is one of the slowest consensus mechanisms. At the same time, Bitcoin hasn’t really dealt with scalability and updates, like Ethereum, for example.

On the other hand, altcoins have the same problem with volatility. Still, they’re also less accepted worldwide compared to Bitcoin, which has already become legal tender in some countries like El Salvador. Plus, altcoins leverage less liquidity, making buying or selling at a good price challenging.

In the end, a blend between the two solutions is best. While Bitcoin can offer more stability within the portfolio, altcoins provide diversity, which is efficient for keeping up with the latest trends and therefore allows the portfolio to develop as numerous assets fluctuate on one’s account.

Bottom line

The Bitcoin season has been active in the past two years, surpassing the value of altcoins. And although we don’t know how long this will go on, some key metrics will help investors get an idea of the beginning of an altcoin season which is one of the best times for investments as bitcoin prices are more affordable.

July 20, 2023
BitSport Unveils Blockchain-Powered Gaming Revolution with BitPool V2 Alongside $BITP Balancer LBP Event
Key takeaways
- BitPool V2 introduces a groundbreaking era of gaming with enhanced rewards and immersive gamification features.
- Players can indulge in a cross-platform multiplayer experience.
- BitPool combines the classic 8-ball pool game with blockchain technology.
In a groundbreaking development poised to redefine the gaming industry, BitSport has proudly announced the highly anticipated launch of BitPool V2. This cutting-edge AI and Web3 8ball pool game introduce a new era of unparalleled excitement, boasting enhanced rewards and immersive gamification features. Also, BitSport has initiated a Balancer Liquidity Bootstrapping event on Fjordfoundry, exclusively dedicated to the governance token $BITP.

Prepare to be amazed by the extraordinary world of BitPool V2, where cross-platform functionality and multiplayer capabilities are at the forefront. This revolutionary update transcends conventional boundaries, enabling gamers to indulge in an exhilarating multiplayer experience across diverse web browsers and mobile devices.

BitPool represents the culmination of BitSport’s vision, combining the classic 8-ball pool game with state-of-the-art blockchain technology and fostering a vibrant decentralized community of players. This sophisticated gaming experience delivers the most advanced and realistic 8ball video game immersion to date, adapting seamlessly to each player’s individual style.

With an array of game modes available, including tournaments, leagues, daily challenges, and thrilling matches against friends, BitPool’s innovative play-to-earn style ensure tangible rewards in the form of cryptocurrencies for players’ accomplishments.

Mark your calendars for the upcoming LBP event, scheduled from July 21-26, offering avid BitPool enthusiasts an exclusive opportunity to secure the game’s native cryptocurrency token, $BITP. This token serves as the backbone of BitPool’s gamified ecosystem and promises exponential growth potential for event participants. Notably, the $BITP token adheres fully to regulatory standards as a compliant digital asset. Players can acquire it through in-game achievements, deploying it for BitPool’s governance purposes, or indulging in the acquisition of coveted NFT-based in-game assets, such as Pool Cues, Avatar Sticks, and Rare Balls.

The unveiling of BitPool V2 and the simultaneous launch of the Balancer Liquidity Bootstrapping event on Fjordfoundry mark significant milestones for BitSport. Positioned at the intersection of blockchain, cryptocurrency, and video games, the emerging GameFi sector seamlessly integrates decentralized finance and tokenized ecosystems, creating unprecedented prospects for both gamers and investors.

Revolutionizing Gaming with GameFi and Blockchain Integration

It is worth noting that the pool gaming genre enjoys tremendous popularity, exemplified by the Guinness World Record achieved by the 8 Ball Pool app, surpassing one billion downloads in 2021—an impressive testament to its broad appeal. Against this backdrop and in light of the increasing interest in GameFi, BitPool stands poised to capture the attention of one of the largest player bases in the gaming industry.

“The GameFi industry presents significant potential for innovation and financial inclusion with the fusion of gaming and blockchain technologies. It creates opportunities for gamers to monetize their skills while enjoying themselves, and allows investors to participate in the growth of gaming ecosystems, encouraging the development of novel experiences”
—Charles Adenuoye, BitSport Co-Founder and CEO

Driven by the power of Non-Fungible Tokens (NFTs), BitPool introduces an unprecedented paradigm shift by facilitating ownership and trading of in-game assets through a decentralized marketplace. This innovative approach not only enhances player engagement but also spawns novel economies within the gaming industry.
July 19, 2023
B2BinPay Teams Up with Ledger to Provide Own-Brand Hardware Wallets for Clients

B2BinPay, a premier crypto-processing platform in the industry, has partnered with Ledger – the global platform for digital assets.

Through this partnership, B2BinPay offers its eligible customers exclusive access to limited-edition Ledger Nano X devices featuring the B2BinPay logo.

These devices are available to new and existing enterprise clients, as well as long-term customers of the company – in recognition of their continued loyalty to B2BinPay and its services.

To redeem the hardware wallets, customers can use promotional codes provided by B2BinPay. These codes need to be input on a special collaboration page on the Ledger website.

Only 1000 of these limited-edition hardware wallets are available, making them truly valuable and exclusive.

What is Ledger?

Ledger devices are known for securely storing private keys for cryptocurrency offline. They offer top-level security, easy management of assets, and complete transaction transparency, making them highly effective in protecting against third-party hacks.

Therefore, the new collaboration will provide B2BinPay clients with more secure storage and management options for their cryptocurrencies, giving them greater peace of mind.

About B2BinPay

The B2BinPay solution offers a secure and cost-effective way for businesses to process cryptocurrency payments. It supports a diverse range of digital assets and enables quick conversion of crypto payments into fiat currency for direct deposit into the business’s bank account.

By collaborating with Ledger, the company is able to offer crypto asset management services that are efficient and reliable. These services cater to their clients’ requirements while keeping pace with the fast-changing fintech industry.

July 19, 2023
Housebets: Redefining Betting with Smart Contracts and Instant Payouts

London, United Kingdom, July 17, 2023, Housebets. Housebets is revolutionizing the traditional betting market by leveraging the power of smart contracts and offering users an immersive, value-driven experience. By utilizing blockchain technology, Housebets ensures complete transparency, eliminates intermediaries, and guarantees instant payouts. Let’s explore how Housebets is transforming the betting industry and the key features behind this decentralized platform.

Housebets: Thriving After Rigorous Beta Testing

After months of rigorous beta testing, involving thousands of early adopters who collectively wagered millions, Housebets is proud to announce its full-scale launch. The platform has successfully addressed any potential issues identified during the beta phase, ensuring smooth transactions and robust smart contract operations. Through the testing process, Housebets has proven its ability to handle significant betting volumes on the blockchain, solidifying its position as a reliable and secure platform for decentralized betting.

Smart Contracts and Liquidity Pools: A Game-Changer in Betting

With Housebets, the reliance on intermediaries is eliminated through the use of smart contracts. These self-executing contracts ensure that winnings are distributed instantly to participants’ addresses with an added level of transparency to users as all transactions are recorded on-chain. By leveraging smart contracts, Housebets provides users with peace of mind, knowing that their bets are securely placed and payouts are guaranteed.

One of the core components of Housebets is its integration with liquidity pools on the LunaFi Protocol. These pools serve as the backbone of the platform, protecting the house from liquidity shortages from won bets and facilitating instant payouts to users. The use of liquidity pools eliminates counterparty risk and works by incentivizing liquidity providers with consistent yields over time and a share of the house profits.

Deposit Bonus and Rewarding the Community

Housebets places a strong emphasis on rewarding its community. To incentivize user deposits, Housebets introduces the Deposit Bonus campaign. This initiative allows new members to receive bonuses of up to 300% on their initial three deposits, with a staggering maximum bonus of $60,000. Users can unlock their bonuses by wagering on Housebets, and the bonus amount is then credited to their wallets.

Additionally through its Bet Mining system, users are incentivized with LFI tokens based on the amount they wager. The more a user bets, the more tokens they earn, creating a win-win scenario for both the platform and its users. This encourages active participation and loyalty within the Housebets community.

To further enhance the excitement, Housebets hosts a monthly leaderboard campaign called “Race To Mars.” This campaign provides an additional incentive for users to engage with the platform and compete for rewards based on their betting activities. It adds an element of friendly competition and elevates the overall user experience.

Join the Housebets Community and Experience the Future of Betting

Housebets is now ready to welcome new users to its platform. With the support of a dedicated community and a proven track record, Housebets offers an unparalleled betting experience backed by blockchain technology. Whether you’re an experienced bettor or someone taking their first steps into decentralized betting, Housebets provides an engaging and secure platform for all.

To learn more about Housebets and its innovative features, visit the official website at LunaFi.io. Discover a new era of gambling where decentralization is shaping the future of the betting industry.

Media Contact: sam@housebets.io

July 17, 2023
Dogecoin (DOGE) Price Prediction as DOGE Targets $1 But Uwerx (WERX) Presale Offers More Gain Potential in 2023

The meteoric rise of Dogecoin (DOGE) has captivated the world, with its ambitious target of reaching $1. However, amidst this, another crypto — Uwerx — is making waves with its presale, promising even greater gain potential in 2023.

This article delves into Dogecoin’s (DOGE) price prediction, analyzing the factors driving its ascent and contrasting it with the alluring opportunities presented by the Uwerx presale.

Dogecoin (DOGE) Price Prediction

Dogecoin (DOGE) has emerged as a unique and captivating digital asset, capturing the attention of both crypto enthusiasts and mainstream investors. Originally created as a lighthearted meme coin, Dogecoin (DOGE) has evolved into a serious contender in the crypto market.

With its strong community and widespread adoption, Dogecoin (DOGE) has witnessed significant price movements. The present value of Dogecoin (DOGE) is $0.072334, with a substantial trading volume of $221,073,023 observed over the past 24 hours.

Based on its recent performance and growing acceptance, some experts believe Dogecoin (DOGE) could reach new heights, with price predictions ranging from $0.50 to $1 by Q1 2024.

Uwerx (WERX): Pioneering the Revolution in Freelancing and Crypto Trading

Uwerx aims to revolutionize the freelancing industry by introducing a unique blockchain-powered platform. This innovative platform is designed to enhance the traditional freelancing experience and increase profitability for freelancers new to the field or seasoned professionals.

One of the standout features of Uwerx is its minimal fee of only 1%, setting it apart from other freelancing platforms. Additionally, Uwerx offers valuable benefits such as intellectual property protection, faster payment releases, and transparent operations. These features ensure a seamless and secure experience for freelancers.

Uwerx goes beyond the conventional by providing exclusive webinar sessions, allowing freelancers to engage actively with clients. The platform also rewards users for participating and engaging with other members and clients. Moreover, users can earn additional bonuses by contributing to Uwerx’s updates and bringing in new freelancers.

To further enhance the experience, top-tier users will gain access to premium job opportunities and dedicated customer service. Additionally, staking WERX tokens allows users to participate in voting and receive rewarding incentives.

The recent introduction of the Uwerx vault has allowed users to deposit WERX tokens for varying durations. Unlike traditional fixed Annual Percentage Yield (APY) models, Uwerx employs a dynamic mechanism that adjusts based on the platform’s variables, offering users flexibility and potential growth.

Uwerx prioritizes security, having undergone thorough third-party code audits conducted by InterFi Network and SolidProof. These audits have confirmed the platform’s robust security measures, providing users with peace of mind. Additionally, as a testament to their commitment, the Uwerx team plans to implement a 25-year crypto liquidity lock before the presale concludes.

Furthermore, as part of their dedication to transparency and decentralization, the Uwerx team intends to renounce ownership of smart contracts when the project is ready to be launched on centralized exchanges. This step further ensures the platform’s integrity and fosters trust within the community.

Uwerx aims to create a reliable and user-centric environment for its users by prioritizing security, flexibility, and transparency, empowering them to participate confidently in the platform’s offerings.

Uwerx (WERX): Unprecedented Presale Achievements Driven by Community Engagement

Uwerx’s presale has made impressive strides, rapidly completing stages 1 to 4, showcasing the unwavering support and belief of the community in Uwerx’s mission to redefine freelancing. In Stage 5, the presale currently offers an attractive token price of $0.0315 and a generous 20% bonus to incentivize early participation.

The listing of Uwerx on CoinSniper marks a significant achievement, amplifying its presence in the cryptocurrency market. With an upcoming listing on Uniswap scheduled for August 1st, Uwerx is poised to attract a broader audience, expanding its user base and fostering a vibrant community.

Uwerx values its community and has adjusted token allocations thoughtfully to ensure fairness and inclusivity, considering the rapid progress of the presale. Boasting a strong user base, the unveiling of the Alpha platform is a major milestone for Uwerx, showcasing a user-friendly interface and rich features that provide a glimpse into the seamless and empowering experience awaiting freelancers and clients.

As Uwerx prepares to transition to the Beta platform, users can anticipate an enhanced experience that surpasses expectations, driven by user feedback and industry best practices. Uwerx is committed to delivering a cutting-edge platform that empowers freelancers, fosters collaboration, and unlocks their full potential.

Uwerx invites valuable feedback from its users to fuel continuous improvement. Share your thoughts with the team at feedback@uwerx.network.

Also, don’t forget the upcoming WERX token price adjustment to $0.041 on June 2nd at 15:00 UTC. In addition, an adjustment will be implemented on the bonus granted for token purchases, reducing it from the current 20% to a revised rate of 15%.

Crypto analyst project that WERX tokens will reach $1.21 by Q3-Q4 2023. This projection highlights the immense potential within Uwerx. Don’t miss out on this exciting prospect.

Be part of the Uwerx community today and enjoy a remarkable 25% bonus when purchasing WERX tokens until 18:00 UTC today:

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.

July 17, 2023
Kalima Secures $10 Million Investment Commitment and Announces Private Sale and DEX Listing

Dubai, United Arab Emirates, July 17th, 2023, Chainwire

Delegated proof-of-stake blockchain Kalima has entered into an agreement with ABO Digital, a private alternative funding group based in the Bahamas and Dubai. This significant partnership involves a commitment of US$10 million into the French-based blockchain company. Kalima has also released details of its KLX token sale.

Kalima is a rapidly growing ecosystem that allows businesses, developers, and startups to build web3 enterprise and data governance applications, with a focus on IoT (Internet of Things) data in order to solve real-world problems.

Kalima CEO André Legendre said: “The funding commitment from ABO Digital marks a significant milestone for Kalima, which plans to utilize the funds to further innovate and refine IoT solutions to revolutionize industries and drive digital transformation. The arrangement with ABO Digital will enable Kalima to enhance its IoT blockchain solutions for industrial companies and bolster strategic partnerships within the IoT and blockchain ecosystem.”

“We are excited to work with the Kalima team going forward,” said Amine Nedjai, CEO of ABO Digital. “Kalima’s innovative approach and expertise in web3 enterprise applications align perfectly with our commitment to driving technological advancements in enterprise blockchain solutions.”

The Kalima team has also announced a 24-hour private sale of its KLX token on Pinksale. The event will provisionally take place on July 19. A general purpose utility token, KLX can be used to pay for transactions and access blockchain services on the Kalima protocol.

To support the growth of the KLX token, on July 10 Kalima Blockchain Governance created several proposals. These include bridging the KLX token from Polygon to the Ethereum network and proposing the 24-hour token sale on Pinksale. Following completion of the private sale event, KLX will be made available for trading on Uniswap, where a KLX-ETH pair will be established.

The primary objective of the private sale, which will have a hard cap of 300 ETH, is to create a sufficiently deep liquidity pool on Uniswap. The Uniswap listing of the KLX token is planned for July 21.

About Kalima

Kalima is a low-consumption layer one blockchain for enterprises and IoT. It provides an interconnected blockchain for achieving decentralization and increasing scalability, adopting a framework popularized by blockchains such as Cosmos and Polkadot. Kalima can be embedded into very small IoT devices and allows AI inferences to be executed at the network’s edge using its native smart contracts.

About ABO Digital

ABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. As part of the Alpha Blue Ocean group, which has executed more than $2B in financing commitments for publicly listed companies since its inception in 2017, ABO Digital brings institutional-grade expertise and flexible financing solutions for blockchain developers worldwide.

Contact

Head of PR
Yousef Batter
White Label Strategy
yousef.batter@whitelabelstrategy.io
+971559356531

July 17, 2023