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press release
Whitelisted individuals for the sale will be able to purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC.
1 November 2022 – Bitcoin.com, a digital ecosystem and secure self-storage platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that the public sale of the VERSE utility token is now live. VERSE will reward participants for buying, selling, storing, using and learning about cryptocurrency, while supporting those seeking accessible onboarding in Bitcoin and DeFi.
VERSE will fuel the growth and expansion of Bitcoin.comits ecosystem, which includes over 35 million self-deposit wallets created in its multi-chain DeFi-ready 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 technology and finance. By interacting with the Verse DEX, staking VERSE, receiving money back in VERSE, and using the VERSE token as collateral in various lending pools, Bitcoin.comMillions of users will be able to take full advantage of the time they spend engaging with the platform.
“We are officially entering a new era Bitcoin.com with the public sale of VERSE. Our team strongly believes in Verse’s mission to increase financial independence through the utility, ecosystem rewards and low-barrier-to-entry features offered on a secure, reliable platform.” said Dennis Jarvis, CEO of Bitcoin.com. “It’s in verse 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 fixed token supply of 210 billion is available in the public sale. Tokens will start unlocking from day one and continue on a linear earning schedule over 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 in exchange for $33.6 million. Since the public sale is dynamically priced, buyers can secure a price per token that is lower than what buyers pay in the private sale. The sale will last for 30 days or until the soft cap is reached. Read more about the Verse token sale’s dynamic pricing here.
As a cross-chain token compatible with the ERC-20 standard and with a focus on expanding to low-cost chains, VERSE will provide value to those who interact with the Verse DEX, the Ethereum blockchain, and the broader DeFi ecosystem. The public sale of VERSE compliments exciting progress in Bitcoin.com ecosystem, such as the development of a crypto-backed debit card that will pay back 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 upgrades made to Bitcoin.com accounts.
The VERSE token will also lead initiatives to accelerate growth and innovation through the Verse Development Fund. The fund, led by Lizzie Eng, will provide a pipeline of resources for DApps that integrate with the ecosystem and incubate token projects through Bitcoin.com launchpad service, live in 2023.
The Vers public token sale is not available in the US, Japan or elsewhere limited jurisdictions. Visit getverse.com for more information on registration and restrictions.
Image credit: Shutterstock, Pixabay, Wiki Commons
