Press Release
PRESS RELEASE. Bitcoin.comDigital ecosystem with secure self-custody that allows users to securely and easily interact with digital assets.The Verse Development Fund is an initiative that aims to increase growth and innovating, was launched by. Bitcoin.com’s Verse ecosystem. Additionally, projects that embody the principles of Verse will be supported by this fund. Bitcoin.com’s ethos of economic freedom and democratized finance.
“Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their digital asset investing journeys,” Bitcoin.com CEO Dennis Jarvis. “So far, we’ve built an incredible portfolio of products and services used by over 4 million individuals monthly. The Verse Development Fund will be the instrument by which we leverage this diverse and passionate community’s energy into building an even stronger ecosystem with even more popular appeal.”
This fund will accept grant requests from ecosystem participants and developers in Q1 2023.. will start by focusing upon Decentralized Applications (dApps), Integrations, Projects and Events that Support Bitcoin.com’s Verse community.
VERSE, Bitcoin.com’s rewards and utility token, is a cross-chain token built on the ERC-20 standard and designed with broad EVM compatibility. VERSE will integrate into Bitcoin.com’s suite of products, enabling individuals to receive rewards for buying, selling, spending, swapping, and staying informed about crypto.
“The VERSE token, and therefore the entire Verse ecosystem, adds tremendous value by incentivizing uptake of Bitcoin.com’s products and services, building loyalty, and nudging people to dive deeper where there are more opportunities to benefit from the economic freedom enabled by decentralized finance,” Lizzie Eng, lead for the Verse development Fund. “The resources made available by the fund will spur innovation and growth within the Verse, and broader Bitcoin.com communities, making it even more valuable to the people who use it.”
After the announcement of the VERSE token, it will be available in Quarter 4 2022.Public saleIn November.
This fund is based on the VERSE token stock. Digital Strategies are a good example of strategic buyers Blockchain.com. purchased 10% of the VERSE token supply at $33.6 Million in a private sale that was completed May 2018.Report by Bitcoin.com News.The Verse Development Fund receives 34% of the VERSE token supply. The fund receives tokens block-by-block over seven years.
Here are some key features of Bitcoin.com’s ecosystem include,
- The news portal is an award-winning success with more than 2.5 Million monthly active readers.
- User-friendly multichain Web3 wallet that allows self-custodial access to over 34,000,000 wallets
- Multichain Verse DEXA permissionless platform where everyone can participate in trading fees and fund liquidity pools.
You can keep up-to-date with the Verse Development Fund Grant application process for developers and ecosystem members by visiting https://getverse.com/fund/.
This press release is for informational purposes only. The promoted company and any affiliates are to be vetted by readers before they take any action. Bitcoin.com cannot be held responsible for any loss or damage caused, directly or indirectly by, the use or reliance of any content, goods and services mentioned in the press releases.
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