SAINT KITTS AND NEVIS, Caribbean–(COMMERCIAL WIRE)–bitcoin.com, a digital ecosystem and secure self-custody platform where users can easily and safely interact with cryptocurrencies and digital assets, has announced that the VERSE utility token public sale is now live. VERSE will reward participants for buying, selling, storing, using, and learning about cryptocurrencies, while supporting those seeking an accessible onboarding to Bitcoin and DeFi.
VERSE will fuel the growth and expansion of the Bitcoin.com ecosystem, which includes over 34 million self-custody wallets built on its DeFi-ready multi-chain mobile app, and an award-winning news portal with over 2.5 million monthly readers. . VERSE will provide access to exclusive platform services and act as the cornerstone for new initiatives, ultimately expanding access to decentralized finance and technologies. By interacting with the Verse DEX, staking VERSE, receiving cash in VERSE, and using the VERSE token as collateral in various lending pools, the millions of Bitcoin.com users will be able to make the most of the time they spend interacting with the platform.
“We are officially entering a new era of Bitcoin.com with the public sale of VERSE. Our team strongly believes in Verse’s mission to enhance financial independence through its utility, ecosystem rewards, and low barrier to entry features delivered on a secure and trusted platform,” said Dennis Jarvis, CEO of Verse. bitcoin.com. “It is with Verse that Bitcoin.com will continue to provide not only crypto newcomers, but also crypto natives, with the resources, tools, and technology needed to usher in the next cycle of mass DeFi adoption.” “.
Two percent of the 210 billion fixed token supply is up for grabs in the public sale. Tokens will start unlocking from day one and will continue on a linear vesting schedule for 18 months. The public sale follows VERSE Sale A, a private sale, completed in May 2022, where 10% of the total VERSE supply was sold for $33.6 million. Since the public sale is dynamically priced, buyers can get a lower price per token than what buyers pay in the private sale. The sale will last for 30 days or until the minimum limit is reached.
As a cross-chain token compliant with the ERC-20 standard and with a focus on expanding to low-cost chains, VERSE will bring value to those who interact with the Verse DEX, the Ethereum blockchain, and the broader DeFi ecosystem. The VERSE public sale complements exciting progress in the Bitcoin.com ecosystem, such as the development of a crypto-backed debit card that will pay cash in VERSE, integrations with Avalanche, a partnership with Coinbase Cloud for multi-chain connectivity, the official launch of the Verse Development Fund, NFT collectibles, and security and accessibility updates made to Bitcoin.com accounts.
The VERSE token will also spearhead initiatives to accelerate growth and innovation through the Verse Development Fund. The fund, led by Lizzie Eng, will provide a resource pipeline for DApps to integrate with the ecosystem and incubate token projects through the Bitcoin.com launch pad service, live in 2023.
Bitcoin.com is a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets. Established in 2015, Bitcoin.com introduces newcomers to crypto through accessible educational materials, timely and objective news, and intuitive self-custody products, all of which promote economic and financial freedom for all users. Through the variety of products offered in the Bitcoin.com ecosystem, anyone can buy, spend, trade, invest, earn, and stay up to date on cryptocurrencies and the future of finance.