Bitcoin․com Expands Access to DeFi With Public Sale of VERSO Ecosystem Utility Token – Bitcoin News Press Release

Persons authorized for sale will be able to purchase VERSE tokens using BTC, BCH, ETH and USDT / USDC.

November 1, 2022 Bitcoin.com, a digital ecosystem and secure self-custody platform where users can easily and securely interact with cryptocurrencies and digital assets, announced that the public sale of the VERSE utility token is now active. VERSE will reward attendees for buying, selling, storing, using and learning cryptocurrency while supporting those seeking accessible access to Bitcoin and DeFi.

VERSE will fuel the growth and expansion of Bitcoin.comthe ecosystem, which includes over 35 million self-custody portfolios created in its DeFi-ready multi-chain mobile app and an award-winning news portal with over 2.5 million monthly readers. VERSE will provide access to platform-exclusive services and serve as a cornerstone for new initiatives, ultimately expanding access to decentralized technology and finance. By interacting with Verse DEX, betting VERSE, receiving cash back in VERSE and using the VERSE token as collateral in various loan pools, Bitcoin.comthe millions of users will be able to take full advantage of the time spent interacting with the platform.

“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 economic independence through its usefulness, ecosystem benefits and low barrier to entry capabilities offered on a secure and reliable platform. ” said Dennis Jarvis, CEO of Bitcoin.com. “It is with Verse that Bitcoin.com will continue to provide not only crypto-newcomers, but crypto-natives as well, with the resources, tools and technology needed to usher in the next cycle of DeFi’s mass adoption. “

2% of the supply of 210 billion fixed tokens is up for grabs in the public sale. Tokens will start unlocking from day one and will continue with a linear accrual schedule for 18 months. The public sale follows VERSE Sale A, a private sale, completed in May 2022, in which 10% of VERSE’s total supply was sold for $ 33.6 million. Since the public sale has a dynamic price, buyers can secure a price per token that is lower than that paid by buyers in the private sale. The sale will last 30 days or until the soft cap is reached. Learn more about the dynamic pricing of the Verse Token Sale here.

As a cross-chain token compliant with the ERC-20 standard and focused on expanding into low-cost chains, VERSE will provide value to those interacting with Verse DEX, the Ethereum blockchain, and a broader DeFi ecosystem. The public sale of VERSE compliments the exciting progress in Bitcoin.com ecosystem, such as the development of an encrypted 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 updates of accessibility carried out a Bitcoin.com accounts.

The VERSE token will also drive initiatives to accelerate growth and innovation through the Verse Development Fund. The fund, led by Lizzie Eng, will provide a resource pipeline for DApps that integrate with the ecosystem and incubate token projects across the Bitcoin.com launchpad service, live in 2023.

The sale of Verse public tokens is not available in the United States, Japan or other countries limited jurisdictions. Visit getverse.com for more details on registration and restrictions.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing cryptocurrencies to newcomers. With accessible educational materials, timely and objective news, and intuitive self-custody products, we make it easy for anyone to buy, spend, trade, invest, earn and stay on top of cryptocurrency and the future of finance.

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