Bitcoin.com, an online cryptocurrency platform that welcomes newbies to the cryptocurrency announced in a press release Thursday that it has completed the private sale of $33.6 million for its Bitcoin.com VERSE token.
The VERSE token is a rewards and utility token for users participating in the Bitcoin.com ecosystem. Several high profile companies participated in the private sale including Digital Strategies, KuCoin Ventures, Blockchain.com, Roger Ver, Jihan Wu and many others.
VERS is scheduled to be minted this summer
According to the press release, Verse will be minted as an ERC-20 token this summer. It is comparable to other utility and rewards tokens like Crypto.com’s CRO and Binance’s BNB.
The native token aims to expand Bitcoin.com’s ecosystem of crypto products and services. This marks a new milestone for Bitcoin.com, which was founded in 2015 and boasts more than 4 million active users and 30 million self-custody wallets.
VERSE’s public token sale is scheduled to begin in June. Six percent of the total supply (12,600,000,000 VERSE) is sold. Interested investors can find more information about the forthcoming launch at getverse.com.
Bitcoin.com CEO: “Huge value”
Commenting on the announcement, Bitcoin.com CEO Dennis Jarvis said:
“VERSE is user-centric and adds tremendous value to our suite of crypto products and services, including Bitcoin.com Self-Custody Wallet App, the Bitcoin.com Exchange, the Verse DEX, Bitcoin.com news and our upcoming crypto-enabled debit card.”
Eric Weiss, Managing Partner of Digital Strategies added:
“In our view, the utility of the Verse token coupled with the Bitcoin.com brand and a wide range of tools will create a powerful moat for its ecosystem. We are excited to be a part of this journey with Bitcoin.com and Verse.”
Justin Chou, Chief Investment Officer of KuCoin Ventures, also stated:
“The next wave of crypto growth 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.”
Source: Crypto News Deutsch