Bitcoin.com, the crypto tech startup backed by cryptocurrency investor Roger Ver, announced today that it has completed a $33,600,000 private sale for the Bitcoin.com VERSE token with participation from Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood, City Ventures, 4SV, BoostX Ventures and select individual thought leaders and influencers including Roger Ver, Jihan Wu and David Wachsman.
According to the announcement, Verse will expand Bitcoin.com’s ecosystem of cryptocurrency products and services, linking the utility and rewards features of the VERSE token to every step of the crypto journey for ordinary people.
“Since 2015, Bitcoin.com has been at the forefront of introducing newcomers to crypto and guiding them on their crypto journey. So far we have built an incredible portfolio of products and services counting more than 4 million monthly active users and 30 million self-custodial wallets. Today we are proud to announce VERSE, a utility and rewards token for everyone who participates in Bitcoin.com’s fully built Vers ecosystem,” said Dennis Jarvis, CEO of Bitcoin.com. “VERSE is user-centric and adds tremendous value to our suite of crypto products and services, including the Bitcoin.com Self-Custody Wallet App, Bitcoin.com Exchange, Verse DEX, Bitcoin.com News and our upcoming crypto-enabled debit card. We are also very excited to announce the Verse public token sale, scheduled to begin in June.”
VERSE, which will be minted for the first time this summer as an Ethereum (ERC-20) token, is closely comparable to CRO, BNB, and FTT, the utility and reward tokens for Crypto.com, Binance, and FTX offerings, respectively. Some VERSE features can also be compared to the native tokens of CeFi platforms like Nexo and Celsius, as well as the native tokens of representative decentralized trading protocols like Uniswap and TraderJoe.
In a statement, Eric Weiss, Managing Partner at Digital Strategies, said: “We believe the utility of the Verse token coupled with the Bitcoin.com brand and a wide range of tools will create a strong moat for its ecosystem. We are excited to be a part of this journey with Bitcoin.com and Verse.”
Justin Chou, Chief Investment Officer, KuCoin Ventures: “The next wave of growth in crypto will be led by powerful global brands building real-world products for millions of people. Bitcoin.com will accelerate the development of products and partnerships that expand its reach globally.”
In addition to the funding, Bitcoin.com also announced this Public sale of verses coming soon. Verse’s public token sale is scheduled to begin in June 2022. Six percent of the total supply of Verse (12,600,000,000 VERSE) is sold. The sale comes as the first token project launch on the new Bitcoin.com Vers Launchpad, which will be released at the same time. Interested parties can learn more about the public sale and sign up to receive updates on getverse.com.
Founded in 2015 by Roger Ver, Bitcoin.com builds the products that give everyday people access to a vast world of opportunities to generate limitless personal wealth. Since 2015, Bitcoin.com has been a global leader in introducing newbies to cryptocurrency, providing accessible educational materials, timely and objective news, and easy-to-use full self-custody products for buying, spending, trading, investing, and earning crypto.
VERSE is a rewards and utility token for users who contribute to and participate in the Bitcoin.com ecosystem. For more details, including the Verse white paper, visit the Verse website. Verse already has over twenty-five thousand participants in its vibrant Telegram and Discord communities. Verse will be available until early summer 2022 upon completion of the Verse public token sale.