press launch
Whitelisted People for the Sale Will Be In a position to Buy VERSE Tokens Utilizing BTC, BCH, ETH and USDT/USDC.
November 1, 2022 – Bitcoin.com, a digital ecosystem and safe self-custody platform the place customers can safely and simply work together with cryptocurrencies and digital property, has introduced that the general public sale of the VERSE utility token is now dwell. VERSE will reward members for purchasing, promoting, storing, utilizing, and studying about cryptocurrency, whereas supporting those that are looking for accessible onboarding into Bitcoin and DeFi.
VERSE will gasoline the expansion and enlargement of Bitcoin.com’s ecosystem, which incorporates over 35 million self-custody wallets created in its multi-chain DeFi-ready cellular app, and an award-winning information portal with over 2.5 million month-to-month readers. VERSE will present entry to unique platform companies and act because the cornerstone for brand spanking new initiatives, in the end increasing entry to decentralized applied sciences and finance. By interacting with the Verse DEX, staking VERSE, receiving money again in VERSE, and utilizing the VERSE token as collateral in numerous lending swimming pools, Bitcoin.com’s hundreds of thousands of customers will be capable to take full benefit of their time spent participating with the platform.
“We’re formally getting into a brand new period of Bitcoin.com with the general public sale of VERSE. Our staff strongly believes in Verse’s mission to reinforce financial independence by way of its utility, ecosystem rewards and low-barrier-to-entry options supplied on a safe, reliable platform,” mentioned Dennis Jarvis, CEO of Bitcoin.com. “It’s with Verse that Bitcoin.com will proceed to offer not solely crypto-newcomers, but in addition crypto-natives, with the assets, instruments, and expertise wanted to usher within the subsequent cycle of mass DeFi adoption.”
Two % of the 210 billion fastened token provide is up for grabs within the public sale. Tokens will start unlocking from day one and proceed on a linear vesting schedule over 18 months. The general public sale follows the VERSE Sale A, a non-public sale, accomplished in Could 2022, the place 10% of the whole VERSE provide was bought in alternate for $33.6 million. As the general public sale is dynamically priced, consumers could safe a worth per token that’s lower than that paid by consumers within the non-public sale. The sale will run for 30 days or till the smooth cap is reached. Learn extra in regards to the Verse token sale’s dynamic pricing right here.
As a cross-chain token appropriate with the ERC-20 commonplace and with a give attention to increasing into low-fee chains, VERSE will present worth to these interacting with the Verse DEX, Ethereum blockchain, and broader DeFi ecosystem. The general public sale of VERSE compliments thrilling progress within the Bitcoin.com ecosystem, corresponding to growth of a crypto-backed debit card that can pay money again in VERSE, integrations with Avalanche, a partnership with Coinbase Cloud for multi-chain connectivity, the official launch of the Verse Growth Fund, NFT-collectibles, and safety and accessibility upgrades made to Bitcoin.com accounts.
The VERSE token will even spearhead initiatives to speed up development and innovation by way of the Verse Growth Fund. The fund, led by Lizzie Eng will present a pipeline of assets for DApps integrating with the ecosystem and incubate token tasks by way of the Bitcoin.com launchpad service, dwell in 2023.
The Verse public token sale shouldn’t be accessible in the USA, Japan, or different restricted jurisdictions. Go to getverse.com for extra particulars on registration and restrictions.
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