Bitcoin.com confirms the completion of a private sale round for its VERSE token. The team secured $33.6 million to bring its utility token to the broader bitcoin.com ecosystem. Numerous investors contributed to the round, including Digital Strategies, ViaBTC Capital, Redwood City Ventures, 4SV, and various influencers and thought leaders, including Roger Ver and David Wachsman.
The Verse project will become a crucial addition to the Bitcoin.com ecosystem and its cryptocurrency products and services. Through the VERSE token, Bitcoin.com can link the utility and rewards features of VERSE to every step in people’s crypto journey.
Digital Strategies Managing Partner Eric Weiss adds:
“In our view, the utility of the Verse token in conjunction with the Bitcoin.com brand and broad suite of tools will create a powerful moat for its ecosystem. We’re thrilled to be part of this journey with Bitcoin.com and Verse.”
A similar sentiment is echoed by KuCoin Ventures Chief Investment officer Justin Chou:
“The next wave of growth in crypto will be led by strong global brands that create real-world products for millions of people. Bitcoin.com will accelerate the development of products and partnerships that expand their reach globally.”
VERSE will be minted as an ERC-20 token on the Ethereum blockchain in the summer of 2022. Its functionality is similar to CRO, BNB, and FTT, the utility tokens of the Crypto.com, Binance, and FTX platforms, respectively. However, some VERSE functionality is more akin to native CeFi tokens – like Nexo’s NEXO – and native decentralized trading protocols tokens like Uniswap’s UNI.
Bitcoin.com CEO Dennis Jarvis comments:
“Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far, we’ve built an incredible portfolio of products and services that count more than 4 million monthly active users and 30 million self-custody wallets created. Today, we’re proud to announce VERSE, a utility, and rewards token for everyone participating in the ready-built Bitcoin.com Verse ecosystem.
VERSE is user-centric and adds tremendous value across our range of crypto products and services, including the Bitcoin.com self-custody wallet app, the Bitcoin.com Exchange, the Verse DEX, Bitcoin.com News, and our upcoming crypto-enabled debit card. We’re also extremely excited to announce the Verse public token sale, which will begin in June.”
The Verse public token sale in June 2022 will facilitate the distribution of six percent of the total VERSE supply, representing 12.6 billion tokens. Furthermore, the sale marks a significant milestone for the up-and-coming Bicoin.com Verse Launchpad, which will host the VERSE public offering. Interested parties can learn more about the public sale and sign up for updates at getverse.com.
About Bitcoin.com
Bitcoin.com offers people access to vast opportunities by building products for them to generate personal prosperity without limits. Since 2015, It has continued to be a leader in introducing newcomers to crypto, timely news, featuring educational materials, & generate easy-to-use, fully self-custodial products for trading, buying, investing, spending, & earning with crypto.
About Verse
VERSE is a utility token & reward for people who participate & contribute to Bitcoin.com. The Verse has 25,000+ participants in its Discord & Telegram channels, and the Verse public token sale will be available by early summer 2022. Although, kindly go through the official Verse website to learn more about the Verse whitepaper.
Source: https://www.cryptonewsz.com/bitcoin-com-gains-33-6-m-usd-through-its-verse-token-private-sale/