Big operation for Bitcoin.com. The company has just announced that it has concluded a private sale of USD 33,600,000 for the VERSE token of Bitcoin.com this Thursday, May 05. The private sale saw participation from Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, as well as select thought leaders and influencers including Roger Ver, Jihan Wu and David Wachsman .
Verse will expand Bitcoin.com’s ecosystem of cryptocurrency products and services, linking the utility and reward characteristics of the VERSE token to every step of the crypto journey for everyday people.
For Dennis Jarvis, the CEO of Bitcoin.com, this sale is just confirmation of the trust and credibility that Bitcoin.com has managed to build over the past 6 years. “Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them through their crypto journey. So far, we’ve built an incredible portfolio of products and services that has over 4 million monthly active users and 30 million non-custodial wallets created. Today we are proud to announce VERSE, a utility and reward token for everyone who participates in Bitcoin.com’s out-of-the-box ecosystem“.
Will VERSE be one more token? Bitcoin.com assures us not by emphasizing practical utility: “VERSE is user-centric and adds tremendous value to our suite of cryptocurrency products and services, including the Bitcoin.com wallet app, Bitcoin.com Exchange, Verse DEX, Bitcoin.com News and our future crypto debit card“.
This private sale is only the first step. “We are also very excited to announce the Verse Token Public Sale, which is expected to begin in June.“.
VERSE, which will be minted first this summer as an Ethereum token (ERC-20), is closely comparable to CRO, BNB and FTT, the utility and reward tokens for offerings from Crypto.com, Binance and FTX respectively . Some features of VERSE can also be compared to native tokens of CeFi platforms, like Nexo and Celsius, as well as native tokens of representative decentralized trading protocols like Uniswap and TraderJoe.
The various bitcoin.com partners have made no secret of their satisfaction and optimism with VERSE. Justin Chou, Director of Investments at KuCoin Ventures said after this private sale: “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. For Eric Weiss, Managing Partner at Digital Strategies, we find this same commitment: “We believe that the utility of the Verse token, combined with the Bitcoin.com brand and its wide range of tools, will create a powerful advantage for its ecosystem. We are excited to be part of this journey with Bitcoin.com and Verse. »
The public sale of Verse tokens is scheduled to begin in June 2022. 6% of the total Verse supply (12,600,000,000 VERSE) will be sold. This sale will be the first launch of a token project on Bitcoin.com’s new Verse launcher, which will launch simultaneously. Interested parties can get more information about the public sale and sign up to receive updates at getverse.com.
Verse already has over twenty-five thousand combined participants in its vibrant communities on Telegram and Discord. Verse will be available in early summer 2022, after the conclusion of the Verse Token Public Sale. More details, including the Verse white paper, are available on the Verse website.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.
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Private sale of Bitcoin.com’s VERSE token for $33.6 million
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