{"id":15247,"date":"2022-12-08T04:37:02","date_gmt":"2022-12-08T04:37:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin%e2%80%a4com-completes-verse-50m-token-sale-launches-token-on-verse-dex-press-release-bitcoin-news\/"},"modified":"2022-12-08T04:37:02","modified_gmt":"2022-12-08T04:37:02","slug":"bitcoin%e2%80%a4com-completes-verse-50m-token-sale-launches-token-on-verse-dex-press-release-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin%e2%80%a4com-completes-verse-50m-token-sale-launches-token-on-verse-dex-press-release-bitcoin-news\/","title":{"rendered":"Bitcoin\u2024com Completes VERSE $50M Token Sale, Launches Token on Verse DEX \u2013 Press release Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n<\/p>\n<p>press release<\/p>\n<\/div>\n<p><a href=\"https:\/\/bitcoin.com\/\"><span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, announced completion of the pre-sale of its rewards and utility token VERSE, where 16% of the total supply was purchased for $50 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin.com also announced the launch of VERSE trading on its decentralized exchange, the <\/span><a href=\"https:\/\/verse.bitcoin.com\/\"><span style=\"font-weight: 400;\">Verse DEX<\/span><\/a><span style=\"font-weight: 400;\">, starting at 00:30 UTC on Dec 8. The initial listing price will be $0.0015 per VERSE.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe success of the Verse token sale despite severe bear market conditions is a testament to the quality of<\/span><a href=\"https:\/\/bitcoin.com\/\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">\u2019s ecosystem token,\u201d said<\/span><a href=\"https:\/\/bitcoin.com\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\"> CEO Dennis Jarvis. \u201cI have no doubt that Verse will supercharge<\/span><a href=\"https:\/\/bitcoin.com\/\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">\u2019s mission to create economic freedom by helping to onboard millions more people to Bitcoin and decentralized finance where they can take advantage of the benefits enabled by self-custody, transparency, and censorship resistance.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The VERSE token will provide utility in <\/span><a href=\"https:\/\/bitcoin.com\/\"><span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">\u2019s ecosystem, which includes over 35 million self-custody wallets created in its multi-chain DeFi-ready mobile app, and an award-winning news portal with over 2.5 million monthly readers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Verse will also act as a rewards mechanism to encourage positive actions such as taking self-custody of assets. For example, the<\/span><a href=\"https:\/\/bitcoin.com\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\"> team launched in November its<\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin%e2%80%a4com-announces-cex-education-program-to-reward-victims-of-centralized-crypto-failures-and-bolster-defi\/\"> <span style=\"font-weight: 400;\">CEX Education Program<\/span><\/a><span style=\"font-weight: 400;\"> that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. Five percent of the total VERSE token supply is dedicated to the program.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Verse additionally refers to an ecosystem of decentralized applications (DApps) that will guide millions of people on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest-growing verticals in Web3 today. In that regard, the<\/span><a href=\"https:\/\/bitcoin.com\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\"> team launched the<\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin%e2%80%a4com-to-deploy-verse-development-fund-to-expand-ecosystem\/\"> <span style=\"font-weight: 400;\">Verse Development Fund<\/span><\/a><span style=\"font-weight: 400;\"> which will accelerate growth and innovation in <\/span><a href=\"https:\/\/bitcoin.com\/\"><span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Verse ecosystem while empowering projects that embody <\/span><a href=\"https:\/\/bitcoin.com\/\"><span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\">\u2019s ethos of economic freedom and democratized finance. Thirty-four per cent of the VERSE token supply is allocated to the Verse Development Fund with tokens being made available to the fund on a block-by-block basis linearly over seven years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Developers contributing to Verse through programs enabled by the Verse Development Fund will have access to Chainlink\u2019s price feeds, random number generator, and smart contract automation tools thanks to a<\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin%E2%80%A4com-joins-chainlink-build-to-boost-adoption-of-verse-ecosystem-dapps\/\"> <span style=\"font-weight: 400;\">partnership<\/span><\/a><span style=\"font-weight: 400;\"> between<\/span><a href=\"https:\/\/bitcoin.com\"> <span style=\"font-weight: 400;\">Bitcoin.com<\/span><\/a><span style=\"font-weight: 400;\"> and the industry-standard Web3 services platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other strategic buyers in the pre-sale of<\/span><a href=\"https:\/\/bitcoin.com\"> <span style=\"font-weight: 400;\">Bitcoin.com\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> VERSE token include Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, Boostx Ventures, and Poly Network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin.com\u2019s Dennis Jarvis added, \u201cThe wide range of participants in the Verse token sale means Bitcoin.com can leverage quality networks, infrastructure, and tooling to ensure the Verse ecosystem thrives. Ultimately this will mean more opportunities for people to benefit from the power of decentralized finance.\u201d<\/span><\/p>\n<p>\u00a0<\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-300x300.png 2x\" class=\"avatar avatar-150 photo\"\/><\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nBitcoin.com <\/h6>\n<p class=\"article__body__author__info__about\">\nSince 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script>(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin%E2%80%A4com-completes-verse-50m-token-sale-launches-token-on-verse-dex\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) press release Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, announced completion of the pre-sale of its rewards and utility token VERSE, where 16% of the total supply was purchased for $50 million. Bitcoin.com also announced [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":15248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15247"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15247"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15248"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}