Bitcoin.com has undergone a private sale for the new VERSE token it’s created. The currency went for a record $33.6 million and saw the participation of several digital currency foundations and enterprises from all over the world including Blockchain.com, Digital Strategies, and Redwood City Ventures. It also saw the participation of several crypto influencers including Roger Ver and Jihan Wu.
Bitcoin.com Engages in VERSE Token Sale
Through VERSE, the Bitcoin.com universe is planning to expand its crypto presence into the worlds of products and services. The idea is that VERSE will eventually be a currency that everyday people can use for purchasing goods, services, and necessary survival tools.
Dennis Jarvis – the CEO of Bitcoin.com – explained in a recent interview:
Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far, we’ve built an incredible portfolio of products and services that count more than four million monthly active users and 30 million self-custody wallets created. Today, we’re proud to announce VERSE, a utility and rewards token for everyone who participates in the ready-built Bitcoin.com Verse ecosystem. VERSE is user-centric and adds tremendous value across our range of crypto products and services including the Bitcoin.com self-custody wallet app, the Bitcoin.com Exchange, the Verse DEX, Bitcoin.com News, and our upcoming crypto-enabled debit card. We’re also extremely excited to announce the Verse public token sale, which is scheduled to begin in June.
VERSE is set to be minted this summer as an ERC-20 token, meaning it will be built atop the Ethereum network. At the time of writing, analysts say the asset is quite comparable to altcoins such as BNB, CRO, and FTT, which are the official tokens for exchanges Binance.com, Crypto.com, and FTX.com, respectively. In addition, many of the currency’s features can be compared to those of centralized finance (cefi) tokens, like those of Celsius or Nexo.
Eric Weiss – the managing partner of Digital Strategies, which took part in the sale – stated:
In our view, the utility of the Verse token in conjunction with the Bitcoin.com brand and broad suite of tools will create a powerful moat for its ecosystem. We’re thrilled to be part of this journey with Bitcoin.com and Verse.
Another Public Sale Will Soon Happen
Justin Chou – chief investment officer of Ku Coin Ventures, which also had a role in the event – said:
The next wave of growth in crypto will be led by strong global brands that create real-world products for millions of people. Bitcoin.com will accelerate the development of products and partnerships that expand their reach globally.
VERSE is all set to be the subject of a public token sale that will happen in the summer. Roughly six percent of the coin’s total supply (about 12 billion units at this time) will be available for purchase.