Bitcoin (BTC)Crypto News Announces Private Sale of New VERSE Token., 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 VERSE token.

The VERSE token is a rewards and utility token for users participating in the ecosystem. Several high profile companies participated in the private sale including Digital Strategies, KuCoin Ventures,, 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’s CRO and Binance’s BNB.

VERSE will also offer features that put it on the same playing field as Nexo, Celsius and decentralized trading protocols like Uniswap and TraderJoe.

The native token aims to expand’s ecosystem of crypto products and services. This marks a new milestone for, 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 CEO: “Huge value”

Commenting on the announcement, CEO Dennis Jarvis said:

“VERSE is user-centric and adds tremendous value to our suite of crypto products and services, including Self-Custody Wallet App, the Exchange, the Verse DEX, 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 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 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. will accelerate the development of products and partnerships that expand its reach globally.”

Source: Crypto News Deutsch

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