The post Which Deflationary Model is Better: Burning by Ethereum (ETH) Or Presale Star Uwerx (WERX)? appeared first on Coinpedia Fintech News
Of the many tokenomics used by different coins and tokens, one that particularly stands out is the deflationary aspect employed by most. Started by Bitcoin, the deflationary model limits the totality of token quantity, which puts pressure on eventual supply and drives up value.
Uwerx, the decentralized freelancing platform, uses the same method with only 750 million WERX. Ethereum (ETH), on the other hand, has an unlimited supply but uses burning to counter it. So which one is beneficial for investors?
Standard Deflation by UWERX (WERX)
Uwerx takes the time-tested method of having a limited supply. Its WERX token will have a maximum limit of 750 million. While a major amount is set aside for its presale, its liquidity lock of 25 years has a major impact on its future price.
With the potential to rise to the top in the freelancing industry and outperform giants like UpWork and Fiverr, this will put pressure on demand while the circulating supply remains limited. This means that the WERX token has the ability to rise in price, making it a great incentive for early investors.
Ethereum (ETH) Prefers to Burn
Technically speaking, Ethereum (ETH) has no limit to new coins minted. It is an inflationary token. Since its shift to PoS, this has changed somewhat. With a burn mechanism introduced and lowered inflation, Ethereum (ETH) occasionally hits deflation, where more coins are burnt than minted.
While this way Ethereum (ETH) does hit deflation, it does not always. The move to PoS has enabled this possibility since August last year. But how much impact does it have so far?
After a spike of just a few cents under $2,000 price with a $13.1 billion trade volume when the burning proposal was implemented, Ethereum (ETH) fell to as low as $1142 in a few months. Though it has recovered a bit to $1,550 with a daily trade volume of $6.4 billion, it is highly unlikely it will go back to the “Merge” spike this year.
Uwerx (WERX) Potential Success Relies on Practicality
Yes, Ethereum (ETH) has a big use case as thousands of tokens and ecosystems run on it. However, apart from that, Ethereum (ETH) doesn’t offer much and the non-permanent deflationary model always means there will be more coins minted that will erode its value. For investors, this means they need a better coin.
Uwerx has a very practical use case for its WERX token. The blockchain-based freelancing platform addresses some of the biggest pain points in the gig economy. First, with a considerably lower fee of just 1%, it offers freelancers to retain more of what they earn. Based on blockchain, allows for more security, a faster release of payment and with records written permanently in the chain, there is no data manipulation possible.
Uwerx code is also secure. An audit by InterFi Network and SolidProof have both given it a green flag, ensuring no malicious actors can take bad action. The platform also offers investment security through a liquidity lock of 25 years after presale ends, making sure its WERX token remains valuable.
The team has also planned to move towards a community-driven platform, renouncing their ownership – along with tax elimination.
With a presale set to launch the WERX token at a minimum price of $0.0065, the project presents the opportunity of a lifetime. Investors are already lining up to take part in it as many predict its price can rise by as much as 8,500% soon after, presenting the chance to make significant profits. On Sunday, the price of WERX will go up to $0.0075 and we believe now is the best time to invest with the 25% purchase bonus as well as the ongoing competition to win $5,000.
Yes, Ethereum (ETH) will always have its drive that can make it a good investment, but we believe that with the strong tokenomics and a use case that will attract hundreds of thousands of users, WERX can be a mainstream crypto asset in the near future.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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