Bitcoin.com announced Wednesday that it had closed a private sale for its VERSE token. Strategic investors contributed $33,600,000. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem.
Bitcoin.com’s Private Token Sale Raises $33.6 Million
Bitcoin.com has announced that its VERSE token was sold privately and it raised $33.6million from participants. Bitcoin.com, a market leader in cryptocurrency technology for seven years, has been able to raise $33.6 million from participating investors. Bitcoin.com offers crypto exchange services and educational resources. They also offer news, non-custodial wallets, and news. VERSE is meant to enhance the company’s growth by rewarding VERSE users for participating in the myriad services Bitcoin.com has to offer. The VERSE rewards the cryptocurrency community for buying, selling and trading digital assets.
As an Ethereum-based token (ERC20), VERSE will go on sale this summer. It has cross-chain compatibility and is Ethereum-based. Bitcoin.com recently revealed getverse.com, the introductory website, and the VERSE whitepaper, to provide details for the VERSE launch. Bitcoin.com reported that it raised $33.6million from investors such as Digital Strategies, Blockchain.com and Kucoin Ventures. Redwood City Ventures, 4SV and Boostx Ventures.
The private VERSE sale was also attended by well-known influencers like Jihan Wu and Roger Ver. Dennis Jarvis, Bitcoin.com’s CEO, explained in a statement that the token will add a significant amount of utility and value to the firm’s multiple finely-tuned crypto services. Jarvis explained further that the VERSE token will be available for public sale this summer.
“Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far we’ve built an incredible portfolio of products and services that count more than 4 million monthly active users and 30 million self-custody wallets created,” Jarvis said after the private sale concluded. “Today, we’re proud to announce VERSE, a utility, and rewards token for everyone who participates in the ready-built Bitcoin.com Verse ecosystem.”
Bitcoin.com’s CEO added:
VERSE, which is user-centric, adds great value to our entire range of crypto products, including our Bitcoin.com Exchange, Bitcoin.com Self-Custody, Bitcoin.com News and the Verse DEX. We’re also extremely excited to announce the Verse public token sale, which is scheduled to begin in June.
Kucoin Ventures Exec Says ‘Next Wave of Growth in Crypto Will Be Led by Strong Global Brands’
The VERSE tokens look similar to crypto utility tokens like BNB, CRO and FTT. In the Bitcoin.com ecosystem, VERSE users will gain utility from things like yield farming on the Verse DEX, trading via the Bitcoin.com Exchange, staking tokens in contracts, and earning VERSE from a variety of Bitcoin.com’s current services.
Justin Chou is Kucoin Ventures’ chief investment officer. He believes that the crypto market will benefit from well-respected and trustworthy brands. “The next wave of growth in crypto will be led by strong global brands that create real-world products for millions of people,” Chou said in a statement. “Bitcoin.com will accelerate the development of products and partnerships that expand their reach globally.”
The public sale will take place in June 2022, and 12600,000,000 VERSE tokens are available. Bitcoin.com will launch the Bitcoin.com Verse Launchpad. This will provide information on the public sale and enable people to buy VERSE. You can sign up on the getverse.com website to receive updates regarding the public sale, as well as information about the VERSE token ecosystem and the VERSE token.
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