VERSE, Bitcoin.com’s new ecosystem token, has raised $33.6 million in a private sale.
Verse plans to extend Bitcoin.com’s cryptocurrency ecosystem of products and services. Moreover, the Verse platform will link the utility and rewards elements of the VERSE token, according to a press release shared.
Expansion with VERSE
The private auction of Bitcoin.com’s token drew a lot of attention. Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, and BoostX Ventures were among the attendees. Roger Ver, Jihan Wu, and David Wachsman are among the thought leaders and influencers on the list.
Furthermore, VERSE is a rewards and utility token that will launch in June this year for users that contribute and participate in the Bitcoin.com ecosystem. Bitcoin.com is a digital powerhouse in the cryptocurrency industry, with a web portal, news outlet, cryptocurrency wallet, and cryptocurrency exchange.
In recent months, the Verse ecosystem has evolved dramatically. Its strong Telegram and Discord groups currently have over 25,000 members combined.
On the other hand, Bitcoin.com’s CEO is Dennis Jarvis. He claims that VERSE is user-centric and offers significant value to our crypto products and services. The Bitcoin.com self-custody wallet app, the Bitcoin.com Exchange, the Verse DEX, and Bitcoin.com News are all part of this. It also contains information on their impending crypto-enabled debit card.
Resemblace with other Crypto Tokens
The token will be released in June as an Ethereum ERC-20 token, similar to CRO, BNB, and FTT tokens, according to the business. Some of the functions enabled by the token can be compared to the native tokens of CeFi systems such as Nexo and Celsius.
Moreover, the public token sale for the VERSE token will commence in June, according to Jarvis. A total of 12.6 million VERSE tokens will be available for purchase, accounting for 6% of the total supply. The sale will be the first on the new Bitcoin.com Verse Launchpad, which will be available at the same time.
Verse’s investors appear keen to support the platform’s continued development. Digital Strategies’ managing partner, Eric Weiss, believes that the Verse token’s functionality combined with the Bitcoin.com brand will build a formidable ecosystem.
On the other hand, KuCoin Ventures’ chief investment officer, Justin Chou, issued a statement. He believes that great multinational businesses that create real-world products for millions of people will lead the next wave of crypto growth. Bitcoin.com will expand their global reach by accelerating the development of products and collaborations.