Uwerx Revolutionizes Freelancing with Strong Presale and Launch
If you take a look at Uwerx’s successful presale and launch, it’s clear that they are committed to transforming the freelancing industry. However, they faced a setback shortly after the launch when they experienced a flash loan attack.
Update on Uwerx’s Post-Presale and Uniswap Launch
During the presale phase, Uwerx attracted over 2,000 followers on Telegram and Twitter. The WERX token sold out at $0.05645. On August 1, 2023, Uwerx launched on Uniswap and locked its liquidity for 25 years. They also implemented a 3% sell tax, a 1% burn, and a 2% marketing fee. The team plans to forfeit smart contract ownership after listing on centralized exchanges. They also introduced core functionalities to the platform and completed various pages.
Hacker Exploits $327K Following Official Launch
After the launch, Uwerx fell victim to a flash loan exploit. The hacker acquired a large amount of WERX tokens and stole $327,000 worth of ETH.
Uwerx and Its Community Embrace the Future with WERX Relaunch
Uwerx is implementing strategies to address the hack. They have contacted security firms, modified the Uwerx Vault, and plan to relaunch the WERX token on Polygon. The community is actively involved in the recovery plan, and the team is assuring users of the safety of their tokens. The team is also releasing explanatory videos and seeking feedback from members. Token lock and burn events have taken place, and the project is awaiting audit results. Development of the MVP is expected to start soon.
Hot Take
Despite the setback, Uwerx has a strong recovery plan in place and is determined to become a major player in the market. With their commitment and ongoing development, they have the potential to fulfill expectations and compete successfully in the freelancing industry.
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