Bitcoin.com is a secure and self-custody digital platform that gives its users a safe space to interact with digital assets and cryptocurrencies.
Recently, Bitcoin.com announced the selling date of the VERSE ecosystem and rewards token to commence on November 1, 2022.
It is said that VERSE will support people using Bitcoin and DeFi by rewarding them for learning, using, selling, buying, and storing cryptocurrencies.
The sale will enable millions of users of Bitcoin.com to take maximum advantage of their time spent on the platform. The users will get their rewards by using the VERSE token in vast lending pools, interacting with the Verse DEX, cashback paid in VERSE, and staking VERSE.
In addition, one of Bitcoin.com’s plans to bring more attention to VERSE and entice newcomers and users to use DeFi more is to release airdrops.
The VERSE public sale will promote developments in the Bitcoin.com ecosystem, for example, Verse Development Fund’s official launch, Bitcoin.com accounts’ accessibility, security upgrades, and collaborations with Avalanche. The VERSE sale is only in The U.S, Japan, and other restricted jurisdictions.
According to Bitcoin.com’s CEO, Dennis Jarvis,
“The public sale of VERSE signifies a milestone for the Bitcoin.com ecosystem. It allows us to reach a new audience, especially those who want to journey through their first token sale with ease, simplicity, and a trustworthy platform.”
He further added,
“The crypto community is on the cusp of defining the next wave of economic freedom, and Bitcoin.com looks forward to ushering in a new generation of financially independent users through the Verse ecosystem.”
The VERSE token supply is at 210 billion and will be spread for seven years. The VERSE sale, or Sale B, is after the VERSE private sale is completed in May 2022. The firm sold 10% of the general VERSE supply during the VERSE private sale to receive $ 33.6 million.
According to The VERSE’s lead Engineer, Vitalik Marinceko,
“The Verse community has grown to more than 25,000 members across Telegram and Discord, representative of not only crypto-newcomers but also crypto-natives who see the value and are aligned with our mission to deliver a world where economic freedom is at the core of our decision-making.”
He also said,
“The Bitcoin.com Wallet boasts over 34 million wallets created, many of which we expect to participate in the sale.”
Additionally, the Lead for the Verse Development Fund, Lizzie Eng, said that,
“The utility of VERSE expands even further, acting as a cornerstone of the Verse Development Fund, an initiative to accelerate growth and innovation in Bitcoin.com’s Verse ecosystem. Starting in Q1 of 2023, the fund will provide grants to DApps that integrate with the ecosystem. The fund will also sponsor hackathons and incubate tokenized projects through our launchpad service, which will be released next year.”
The VERSE will significantly value the people interacting with Verse DEX, the broader DeFi ecosystem, and Ethereum Blockchain. Additionally, The VERSE team is still looking for ideas to widen the token into less-fee Ethereum Virtual Machine-compatible utilities for maximum user experience.