press release
Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and rewards token, will begin on November 1, 2022. Verse will support people onboarding into Bitcoin and DeFi by rewarding them for buying, selling, storing, using, and learning about cryptocurrency.
Since 2015, Bitcoin.com has been creating opportunities for financial independence on a global scale through its suite of resources, including the Bitcoin.com news site, educational resources, and its low-barrier-to-entry wallet. Through Sale B, Bitcoin.com’s millions of users are able to take full advantage of their time spent engaging with the platform. Rewards will be allocated by interacting with the Verse DEX, staking VERSE, cash back paid in VERSE, and using the VERSE token as collateral in various lending pools. Bitcoin.com plans to release airdrops to spread awareness about Verse and entice current users and newcomers alike to be more involved in DeFi.
“The public sale of VERSE signifies a milestone for the Bitcoin.com ecosystem and 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,” said Dennis Jarvis, CEO of Bitcoin.com. “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 fixed at 210 billion, and will be distributed over the course of seven years. Sale B follows the VERSE private sale, which was completed in May 2022, and sold 10% of the total VERSE supply in exchange for $33.6 million.
“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,” said Vitalik Marincenko, Lead Engineer with Verse. He added, “the Bitcoin.com Wallet boasts over 34 million wallets created, many of which we expect to participate in the sale.”
Lizzie Eng, Lead for the Verse Development Fund noted, “The utility of VERSE expands even further, acting as a cornerstone of the Verse Development Fund, an initiative…
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