Bitcoincom Completes $50M VERSE Token Sale, Launches Token on Verse DEX – Press Release Bitcoin News

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Press release

Bitcoin.com, a digital ecosystem and secure self-custody platform where users can easily and securely interact with cryptocurrencies and digital assets, announced the completion of its rewards pre-sale and of its utility token VERSE, where 16% of the total supply was purchased. for $50 million.

Bitcoin.com also announced the launch of VERSE trading on its decentralized exchange, the Verse DEX, starting at 00:30 UTC on December 8. The initial listing price will be $0.0015 per PAYMENT.

The success of the Verse token sale despite severe bear market conditions is a testament to the token’s quality in the Bitcoin.com ecosystem, said Dennis Jarvis, CEO of Bitcoin.com. I have no doubt that Verse will energize Bitcoin.com’s mission to create economic freedom by helping to onboard millions more people to Bitcoin and decentralized finance where they can reap the benefits of self-custody, transparency and resistance to censorship.

The VERSE token will provide utility in the Bitcoin.coms ecosystem, which includes more than 35 million self-service wallets created in its multi-chain DeFi-ready mobile app, and an award-winning news portal with more than 2, 5 million monthly readers.

Verse will also act as a rewards mechanism to encourage positive actions such as self-care of assets. For example, the Bitcoin.com team launched its CEX education program in November that will reward those affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. Five percent of the total VERSE token supply is dedicated to the program.

Verse also refers to an ecosystem of decentralized applications (DApps) that will guide millions on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest growing verticals. fast from Web3 today. In this regard, the Bitcoin.com team has launched the Verse Development Fund which will accelerate growth and innovation in the Bitcoin.coms Verse ecosystem while strengthening projects that embody Bitcoin’s philosophy of economic freedom and democratized finance. .com. Thirty-four percent of the VERSE token supply is allocated to the Verse Development Fund, with tokens being made available to the fund on a block-by-block basis on a straight-line basis over seven years.

Developers contributing to Verse through programs enabled by the Verse Development Fund will have access to Chainlinks price feeds, random number generator, and smart contract automation tools through a partnership between Bitcoin.com and the platform. form of industry standard Web3 services.

Other strategic buyers of the Bitcoin.com VERSE token pre-sale include Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, Boostx Ventures, and Poly Network.

Dennis Jarvis of Bitcoin.com added: The wide range of participants in the Verse Token Sale means that Bitcoin.com can leverage quality networks, infrastructure, and tools to keep the Verse ecosystem thriving. Ultimately, this will mean more opportunities for people to benefit from the power of decentralized finance.

bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With accessible educational materials, timely and objective information, and intuitive self-preservation products, we empower everyone to buy, spend, trade, invest, earn, and stay current with the cryptocurrency and the future of finance.

Image credits: Shutterstock, Pixabay, Wiki Commons

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