What Investors Gained From Uwerx’s Noteworthy Presale
- Uwerx launched into the coin market with a successful presale, gaining the trust of investors.
- Investors who participated in the presale received a 15% bonus on top of the earlier 12.5% bonus, resulting in a 27.5% bonus.
- Uwerx has been attracting more investors with its growing Twitter and Telegram following.
- The platform has integrated new features and completed pages to enhance the user experience.
How Uwerx Lost $327,000 In One Day
- Uwerx faced a hack attack on August 2, 2023, where a hacker exploited an imbalance in the Uniswap pool.
- The hacker used flash loans and exploited the skim() function of Uniswap, resulting in the theft of 176 ETH (around $327,000).
- This incident caused panic among Uwerx users, raising doubts about the platform’s ability to recover.
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Uwerx Developers Get To Work
- The Uwerx development team immediately contacted crypto auditing platforms and urged the attacker to return 80% of the stolen funds.
- The team planned to relaunch the WERX token on the Polygon network using the liquidity intended for the buy-back scheme.
- The team engaged auditors to ensure a more secure contract and updated various aspects of the project.
- A community poll was conducted to decide on the vesting period and sell tax percentages, with 10 weeks and 30% being the results.
- The team aims to launch Uwerx as soon as possible while prioritizing quality and receiving feedback from the community.
Hot Take
Despite facing a significant setback with the hack attack, Uwerx developers have shown resilience and a commitment to improving the platform. The steps taken to recover and the community-centric approach they have adopted demonstrate their determination to make Uwerx successful. With careful planning, engagement with auditors, and ongoing development, Uwerx has the potential to become a standout project in the cryptocurrency market.
