Bitcoin.com, a digital ecosystem and secure self-custody platform where users can easily and securely interact with cryptocurrencies and digital assets, has announced that the public sale of VERSE utility tokens is now active on getverse.com. VERSE rewards participants for buying, selling, storing, using and learning about cryptocurrencies while supporting those looking for an affordable introduction to Bitcoin and Defi.
VERSE will power the growth and expansion of the Bitcoin.com ecosystem, which includes more than 35 million self-custody wallets powered by its Defi-enabled multi-chain mobile app and an award-winning news portal with more than 2.5 million monthly readers. VERSE will provide access to exclusive platform services and act as a cornerstone for new initiatives to expand access to decentralized finance and technology.
By interacting with Verse DEX, using VERSE and recovering VERSE, And using the VERSE token as collateral in various loan pools, millions of Bitcoin.com users can make the most of the time they devote relating to the platform.
“With the public sale of VERSE, we are officially entering a new era for Bitcoin.com. Our team strongly believes in Verse’s mission to enhance economic independence through its utility, ecosystem rewards, and low-barrier-to-entry features offered on a secure and trusted platform,” said Dennis Jarvis, CEO of Bitcoin.com. “It is with Verse that bitcoin.
Com will continue to provide crypto newbies, but crypto natives as well, 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 publicly available. Tokens are unlocked from day one and continue for 18 months on a linear vesting schedule. The public sale follows VERSE Sale A, a private deal that closed in May 2022 in which 10% of VERSE’s total offering was sold for $33.6 million. Because public sale has dynamic prices, buyers can get a lower price per token than buyers pay in a private sale.
The sale lasts for 30 days or until the minimum limit is reached. Learn more about the dynamic price of the Verse token sale here.
As a cross-chain token compliant with the ERC-20 standard and focused on expanding to low-cost chains, VERSE will bring value to those connected to Verse DEX, the Ethereum blockchain, and the broader Defi ecosystem to interact. The public VERSE sale complements exciting advances in the Bitcoin.com ecosystem, such as the development of a crypto-backed debit card that pays cash in VERSE, integrations with Avalanche, a multi-chain partnership with Coinbase Cloud, the official launch of Verse Development Fund, NFT collectibles, and security and accessibility updates made to Bitcoin.com accounts.
Through the Verse Development Fund, the VERSE coin will also fuel initiatives that will quicken growth and innovation. The fund, led by Lizzie Eng, will provide a resource pipeline for DApps to integrate into the ecosystem and incubate token projects via the Bitcoin.com launchpad service, which will go live in 2023. The de Verse public token sale is unavailable in the United States, Japan or other restricted jurisdictions.