The registration period for Bitcoin.com’s upcoming VERSE token sale is now open.
The VERSE token sale sets to get off in late June 2022. VERSE, a cross-chain ERC-20 utility token delivered to Bitcoin.com ecosystem participants.
Registration Now Live
Bitcoin.com, claims to be the world’s leading platform for introducing newbies to cryptocurrency. It has also opened registration for its VERSE token sale, which is the go-to platform for educational resources, news, and more.
According to a press release, Bitcoin.com’s ecosystem contains 30 million wallets and over five million monthly active users spread across a variety of products and services. Members of the Bitcoin.com ecosystem who purchase, sell, spend, swap, and keep informed about crypto will reward with the VERSE token.
Those who interact with the Verse decentralized exchange (DEX), stake VERSE, and use it as collateral in supported lending pools will reward, according to the creators. Cashback will give in VERSE, and holders will gain access to additional perks. It also gives access to special items and services.
VERSE is an ERC-20 token that allows for cross-chain communication. To ensure the best user experience, the company says it’s looking into expanding the token into low-fee Ethereum Virtual Machine (EVM) compatible networks.
The VERSE coin will distribute over seven years through a block-to-block system, with a fixed supply of 210 billion. During Sale A, 10% of the inventory sold (completed in May 2022). A further 6% will offer during Sale B (in June 2022). The team will receive 15% of the budget. A third of the budget sets aside for environmental incentives. Finally, 34% of the funds will use to fund future Verse ecosystem projects.
Massive $33.6M Raised
The Verse team claims that the project has already received backing from blockchain investors. The first VERSE token sale, which took place in April, raised $33.6 million from well-known investors. Blockchain.com, KuCoin, Digital Strategies, Roger Ver, Jihan Wu, and David Wachsman are among the companies involved.
Additionally, the Verse project now has over 25,000 participants across Telegram and Discord.
Bitcoin.com CEO Dennis Jarvis expressed his gratitude for the outpouring of support during their first token sale round. Furthermore, they are ecstatic to open up their second token sale to the public and expand VERSE’s reach. The launch of this new utility token represents a watershed moment for the Bitcoin.com ecosystem. Through their buy/sell services, news coverage, and teaching tools, they will be able to expand the general appeal of cryptocurrencies and blockchain.
Participants in the next VERSE token sale must first register on the Verse website (US citizens are not eligible). As soon as the token sale begins, they will be notified.
Registrants must have an Ethereum wallet, such as MetaMask, Bitcoin.com, or another Ethereum wallet.
The VERSE token sale accepts bitcoin (BTC), ether (ETH), USDT, USDC, and bitcoin cash as payment methods (BCH). After the Verse public sale concludes in July 2022, VERSE tokens will issue.