Bitcoin.com, an online ecosystem and safe self-custody platform, now supports Ethereum on its Verse DEX digital exchange. Verse DEX initially has six trading pairs and has $2,000,000 in liquidity.
The fully featured decentralized exchange works seamlessly with the self custodial multichain Bitcoin.com Wallet. This provides millions of users with a secure and easy way to swap cryptocurrencies permissionlessly without having to rely upon third-party custodians.
“Bitcoin.com is a gateway for millions of newcomers to decentralized finance. In line with our mission to create economic freedom in the world, we are committed to providing the tools these people to need to trade and invest without counter-party risk,” said Bitcoin.com CEO Dennis Jarvis. “Verse DEX is just such a tool, and we are excited at the prospect of it enabling permissionless trading for people around the world.”
Support for Ethereum in the Verse DEX comes ahead of the launch of Bitcoin.com’s VERSE, the utility and rewards token for the Bitcoin.com ecosystem. The Verse DEX and VERSE both will begin on Ethereum, but will soon be expanded to other low-fee alternatives layer-one chain.
A private sale of Verse tokens was held in May and $33.6 Million was bought by strategic buyers. At getverse.com the Verse public token sales are currently under way. There is 2% remaining in token supply. This dynamically priced sale could result in public buyers paying a higher price for tokens than the initial round.
Anyone may add liquidity on trading pairs to the Verse DEX, and get a part of the trading fees. You can apply for listing of tokens here. Once the Verse token launches following the close of the public token sale, liquidity providers for the VerseDEX will also be eligible for liquidity pool tokens. These tokens can then be used to redeem VERSE and other cryptocurrencies.
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