Press release
By integrating the Polygon network, Bitcoin.com is able to continue to increase access to decentralized networks that are high-throughput and low-fee for millions of users.
Bitcoin.com, an online ecosystem that offers secure self-custody and allows users to interact securely with digital assets and crypto currencies, announced the integration of Polygon into its web3 wallet.
The addition of Polygon to the multichain Bitcoin.com Wallet means the wallet’s millions of users are now able to trade ERC-20 tokens via Polygon, as well as interact directly with most of the over 37,000 Decentralized Apps (DApps) hosted on the network, including blue-chip projects, such as Aave, Uniswap and OpenSea.
“Polygon was one of the first networks to provide millions of people low-fee access to decentralized finance (DeFi). DeFi ran into problems with slow speeds and high fees which pushes out most people. Projects like Polygon’s are crucial to guaranteeing DeFi has low-fees, thus remaining accessible to everyone,” said Bitcoin.com CEO Dennis Jarvis. “We believe in a multichain future, no better demonstrated than by Polygon. It’s fast, affordable and can maintain high levels of decentralization. This is crucial for security and resistance to censorship. That Polygon is one of oldest ecosystems, meaning it has a mature variety of DApps, is icing on the cake.”
Bitcoin.com is also bringing the Polygon network its ecosystem token, VERSE. This makes it a perfect fit. Verse requires a low-fee smart contract platform to enable the small, frequent transactions associated with the token’s utility and rewards functions. Verse will debut on Ethereum mainnet. It will, however be possible to bridge it to the Polygon Network.
In May, $33.6 million was purchased by strategic buyers in a private sale for VERSE tokens. After the public token sale ends, Verse will go live at getverse.com until the end of November or when the goal has been reached. The dynamically priced sale, which is worth 2 percent of total VERSE token supplies, has a soft cap price of $0.0024/token. This price is just 50% higher than the price paid by private buyers in the first round.
Polygon
Polygon, the most popular blockchain platform for development, offers scalable, cost-effective, secure, and long-term blockchains that can be used on Web3. Polygon’s expanding product line gives developers access to key scaling tools such as sidechains, enterprise and hybrid chains and ZK Rollups. Polygon’s scaling solutions have seen widespread adoption with unique user addresses exceeding 174.9M. It is the home to some of Web3’s most prominent projects like Uniswap or OpenSea as well as other large enterprises such Meta, Stripe, Adobe and Starbucks. Polygon has a carbon neutral goal to lead the Web3 ecosystem towards becoming carbon positive.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
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What Verse?
VERSE is the rewards and utility token for the Bitcoin.com ecosystem, and the world’s gateway to DeFi. Verse will go live after the dynamically-priced public token sales, which are currently available at getverse.com until November 30, or when the goal is met.
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