Uwerx Recovery Effort Shines As Developers Proceed With Relaunch

Crypto Daily
Crypto Daily

18 Sep 2023 3:23 PM

More than its ground-breaking features, the developers' use of agile methodology propelled Uwerx to the top of the crypto industry. They have shown so much transparency and commitment towards Uwerx’s vision, drawing in more users and investors to become WERX holders....

  • Uwerx successfully launched into the crypto market, gaining traction and delivering gains to WERX token holders.
  • Post-launch, Uwerx deployed liquidity on Uniswap and locked in their tokens for 25 years, demonstrating transparency and sustainability.
  • The development of the Uwerx platform is ongoing, with core functionality and design completed for various sections.
  • Uwerx faced a flash loan attack, resulting in the theft of $327,000 worth of WERX tokens.
  • Uwerx initiated recovery efforts by contacting auditors and offering a white-hat bounty to the attacker.
  • Uwerx plans to relaunch with a new WERX contract address after completing three audits for enhanced security.

The overall sentiment of the article is mixed. It highlights the success of Uwerx's launch and transparency, but also mentions the hack incident. However, the recovery efforts and plans for a new WERX contract address indicate a positive outlook.

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You May Ask

When did Uwerx successfully launch into the crypto market?What steps did Uwerx take post-launch to ensure transparency and sustainability?What sections of the Uwerx platform have been completed in terms of core functionality and design?How much was stolen in the flash loan attack, and what measures did Uwerx take in response?What are Uwerx's plans for the relaunch and security of the new WERX contract address?

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