Bitcoin.com Expands Access to DeFi with Public Sale of Utility Token VERSE

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 on getverse.com. 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 expand access to DeFi

VERSE will fuel the growth and expansion of Bitcoin.com’s ecosystem, which includes over 34 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.com’s millions of users will be able to take full advantage of the time they spend engaging with the platform.

Dennis Jarvis, CEO of Bitcoin.com, said:

“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 improve financial independence through its utility, ecosystem rewards and low-barrier-to-entry features offered on a secure, reliable platform. 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 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 token 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.

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 compliments exciting progress in the 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 the Bitcoin.com launchpad service, live in 2023.

The Vers public token sale is not available in the United States, Japan or other restricted jurisdictions. Visit getverse.com for more information on registration and restrictions.

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-management products, all of which promote economic and financial freedom for all users. Via the variety of products offered in the Bitcoin.com ecosystem, anyone can buy, spend, trade, invest, earn and stay updated on cryptocurrency and the future of finance.