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

Whitelisted Individuals for the Sale Will Be Able to Purchase VERSE Tokens Using 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 individuals for purchasing, promoting, storing, utilizing, and studying about cryptocurrency, whereas supporting those that are searching for accessible onboarding into Bitcoin and DeFi.

VERSE will gasoline the expansion and growth 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 providers 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 tens of millions of customers can be in a position to take full benefit of their time spent participating 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 enhance economic independence through its utility, ecosystem rewards and low-barrier-to-entry features offered on a secure, trustworthy platform,” mentioned Dennis Jarvis, CEO of Bitcoin.com. “It is with Verse that Bitcoin.com will continue to provide not only crypto-newcomers, but also crypto-natives, with the resources, tools, and technology needed to usher in the next cycle of mass DeFi adoption.”

Two p.c of the 210 billion mounted 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 public sale follows the VERSE Sale A, a non-public sale, accomplished in May 2022, the place 10% of the full VERSE provide was bought in change for $33.6 million. As the general public sale is dynamically priced, patrons could safe a worth per token that’s lower than that paid by patrons within the non-public sale. The sale will run for 30 days or till the gentle cap is reached. Read extra concerning the Verse token sale’s dynamic pricing here.

As a cross-chain token suitable with the ERC-20 customary and with a deal with increasing into low-fee chains, VERSE will present worth to these interacting with the Verse DEX, Ethereum blockchain, and broader DeFi ecosystem. The public sale of VERSE compliments thrilling progress within the Bitcoin.com ecosystem, equivalent to improvement 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 Development Fund, NFT-collectibles, and safety and accessibility upgrades made to Bitcoin.com accounts.

The VERSE token may even spearhead initiatives to speed up development and innovation by means of the Verse Development Fund. The fund, led by Lizzie Eng will present a pipeline of resources for DApps integrating with the ecosystem and incubate token tasks by means of the Bitcoin.com launchpad service, dwell in 2023.

The Verse public token sale just isn’t accessible within the United States, Japan, or different restricted jurisdictions. Visit getverse.com for extra particulars on registration and restrictions.

 

 

 

Bitcoin.com

Since 2015, Bitcoin.com has been a world chief in introducing newcomers to crypto. Featuring accessible academic supplies, well timed and goal information, and intuitive self-custodial merchandise, we make it simple for anybody to purchase, spend, commerce, make investments, earn, and keep up-to-date on cryptocurrency and the longer term of finance.

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