Bitcoin.com pays up to 212% APY on farms [SPONSORED]
Newly Launched “Real Yield” Token Brings Upside to OG Crypto Platform
Bitcoin.com offers up to 212% APY on its decentralized exchange, Verse DEX. Available on ETH-USDC (102% APY), ETH-DAI (106% APY) and ETH-VERSE (212% APY), the farming rewards are designed to bootstrap the DEX and build an early community around the platform’s ecosystem token VERSE.
Hidden gem?
Launched in December as an ERC-20 token after a $50 million public/private presale, VERSE has so far flown under the radar. It has accumulated at or below the average pre-sale price of $0.0015 and its market cap recently crossed $4 million.
“People are sleeping on VERSE, and I think it’s because they don’t understand the potential,” wrote pseudonymous Verse Community Ambassador Lord DeFi in the token’s 12,000-strong Telegram group. “This token is backed by one of the biggest names in crypto, Bitcoin.com – and the company has committed to direct a portion of the proceeds to buyback and burn the token. Since Bitcoin.com is a profitable business – with millions of monthly active users across its self-managed wallet, industry-leading news site, and other business areas—places this VERSE in the frankly “unicorn” category as a true return icon. with an already proven business model.”
Supercharging growth
Bitcoin.com CEO and former Apple executive Dennis Jarvis says providing VERSE with “real return” features is about creating incentives and building moats.
“Bitcoin.com is one of the most visited crypto websites out there,” Jarvis said. “By virtue of our domain name, our award-winning news portal and user-friendly self-deposit products, we attract millions of newcomers to the area. The problem is that real crypto – by which I mean crypto in the self-storage model – is hard. And while we keep harping on UX, this token provides much-needed incentives to lead newcomers down the rabbit hole where they can take advantage of more of the opportunities enabled by smart contract platforms. At the same time, the loyalty features of the token and its utility in our ecosystem will give people more reasons to stay.”
According to the project’s white paper, VERSE will enable anyone to receive rewards for buying, selling, using, exchanging and staying informed about crypto. This will include cashback for using Bitcoin.com’s soon-to-be-released debit card. At the same time, VERSE tokens will provide utility inside and outside the Bitcoin.com ecosystem. Use cases include unlocking rewards along tiers, payment method, access to discounts, exclusive platform services and more.
But that’s all in the future. For now, Bitcoin.com focuses on core infrastructure, integrations and community.
“VERSE farming helps increase liquidity on the Verse DEX, which improves the trading experience on this important piece of decentralized infrastructure. This is a critical early step toward making VERSE widely useful in the Bitcoin.com ecosystem and beyond. The rewards are also important to to build awareness of the token and create an early community of advocates,” Jarvis added.
Pressing crypto
Bitcoin.com might not be the first company that comes to mind in the world of DeFi and non-bitcoin assets. But according to the company’s head of financial services Corbin Fraser, that is about to change.
“Bitcoin.com has long been the world’s gateway to Bitcoin, but in line with our vision to maximize financial freedom in the world, our strategy is to also be the world’s gateway to DeFi,” said Fraser. “We took the first steps on that journey in 2021 with the launch of Ethereum and ERC-20 tokens in our mobile wallet. Since then we’ve added WalletConnect, Avalanche, Polygon, our own DEX on two chains, and of course our own token – but all this is just the beginning. In the short term, we aim for more chains for both DEX and Wallet, and we are particularly focused on the development in the ZK space. In the long term, we want to provide the best-in-class experience for everyone who want to harness the power of decentralized finance.”
In line with Fraser’s comments, the Bitcoin.com team has been hard at work cultivating partnerships, collaborations and integrations across Web3/DeFi. The company’s official blog lists at least 42 deals for the token so far. These are mostly integrations on aggregators like 1inch, analytical tools like DefiLlama and DeFi wallets like Coinbase Wallet. Strategic partnerships such as with Chainlink BUILD to provide development tools and MoonPay for fiat onboarding to the token give users a wider range of options to purchase VERSE and interact with the smart contract layer.
According to Verse Development Fund Lead Lizzie Eng, building a strong community of contributors is crucial.
“With 34% of the VERSE token supply dedicated to the fund, we have a lot of ammunition,” said Eng. “That said, at this early stage we are conservative and we are focusing on grants that can stimulate an early community, which, as everyone in crypto knows, is critical to unlocking sustainable growth. I am most excited about our upcoming hackathon with Moralis and a yet-to-be-announced partnership that will enable people to start earning VERSE by completing Web3 quests.”
For more information about Bitcoin.com and the newly launched token VERSE, visit the official blog, and check out Telegram and Discord:
Discord: https://discord.gg/7yHF65s7Z2
Telegram: https://t.me/GetVerse
The currently available farms on are:
VERSE-ETH – 212% APY*
ETH-USDC – 102% APY*
ETH-DAI – 106% APY*
