Altcoins Analysis Bitcoin Blockchain

Bitcoin.com Closes a $33.6M Private Sale for VERSE Token

Bitcoin.com Closes a $33.6M Private Sale for VERSE Token

Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, and select individual thought leaders and influencers, including Roger Ver and Jihan Wu, participated in a private sale of USD $33,600,000 for the Bitcoin.com VERSE token today.

Verse will add to Bitcoin.com’s ecosystem of cryptocurrency products and services by connecting the VERSE token’s utility and rewards features to every step of the crypto experience for common people.

“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 who participates in the ready-built Bitcoin.com Verse ecosystem” said Dennis Jarvis, Bitcoin.com CEO. “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 is scheduled to begin in June.”

The utility and incentives tokens for the Crypto.com, Binance, and FTX offers, respectively, are quite similar to VERSE, which will be created first this summer as an Ethereum (ERC-20) token. Some VERSE capabilities are similar to CeFi platforms like Nexo and Celsius, as well as representative decentralized trading protocols like Uniswap and TraderJoe.

Eric Weiss, Managing Partner, Digital Strategies: “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.”   

Justin Chou, Chief Investment Officer, KuCoin Ventures: “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 Public Sale

In June 2022, the Verse public token sale will commence. A total of 6% of the total supply of Verse (12,600,000,000 VERSE) will be sold. The sale will coincide with the debut of the new Bitcoin.com Verse Launchpad, which will be available at the same time. At getverse.com, interested parties can learn more about the public auction and sign up for updates.

Leave a Reply

Your email address will not be published.