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press release
Bitcoin.coma digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and reward token, will begin on November 1, 2022. Verse. will support people getting into Bitcoin and DeFi by rewarding them for buying, selling, storing, using and learning about cryptocurrency.
Since 2015, Bitcoin.com has created opportunities for financial independence on a global scale through its resource package, including Bitcoin.com news site, educational resources and the low-barrier-to-entry wallet. Through sale B, Bitcoin.comMillions of users are able to take full advantage of the time they spend engaging with the platform. Rewards will be awarded by interacting with Verse DEXstake VERSE, cash back paid in VERSE, and use the VERSE token as collateral in various lending pools. Bitcoin.com plans to release airdrops to spread awareness of Verse and entice current users and newcomers to get more involved in DeFi.
“The public sale of VERSE marks a milestone for Bitcoin.com ecosystem and allows us to reach a new audience, especially those looking to journey through their first token sale with ease, simplicity and a trusted platform,” said Dennis Jarvis, CEO of Bitcoin.com. “The crypto community is on its way to defining the next wave of economic freedom, and Bitcoin.com looks forward to ushering in a new generation of financially independent users through the Verse ecosystem.”
The VERSE token supply is set at 210 billion, and will be distributed over seven years. Sale B follows the private sale of VERSE, which was completed in May 2022, selling 10% of the total VERSE supply in exchange for $33.6 million.
“The Verse community has grown to more than 25,000 members across Telegram and Discord, representing not only crypto newcomers but also crypto natives who see the value and align with our mission to deliver a world where financial freedom is at the heart of our decision-making,” said Vitalik Marincenko, lead engineer at Verse. He added, “the Bitcoin.com The wallet has over 34 million created wallets, many of which we expect to participate in the sale.”
Lizzie Eng, head of Vers Development Fund noted, “the utility of VERSE is further extended, serving as a cornerstone of the Verse Development Fund, an initiative to accelerate growth and innovation in Bitcoin.com‘s Verse ecosystem. From the first quarter of 2023, the fund will grant grants to DApps that integrate with the ecosystem. The fund will also sponsor hackathons and incubate tokenized projects through our launchpad service, which will be released next year.”
As a cross-chain token compatible with the ERC-20 standard, VERSE will provide immense value to those who interact with Verse DEX, Ethereum blockchain and wider DeFi ecosystem. The Verse team is actively exploring opportunities to extend the token to low-cost Ethereum Virtual Machine compatible networks to provide an optimal user experience. The public sale of VERSE compliments exciting developments taking place in Bitcoin.com ecosystem, such as integrations with Avalanchethe official launch of the Verse Development Fund, and security and accessibility upgrades made to Bitcoin.com accounts.
The Verse token sale is not available in the US, Japan, or elsewhere limited jurisdictions.
Registrations for the public sale are now open at getverse.com.
Image credit: Shutterstock, Pixabay, Wiki Commons
