Bitcoin.com has recently concluded the private sale of its utility VERSE token – securing a total amount of $33.6 million in funding. The proceeds shall be then used to further expand the platform’s ecosystem of crypto products and services. Furthermore, the newly-acquired fund shall be allocated to provide more rewards to both old and new cryptocurrency users.
Notably, prominent names such as KuCoin Ventures, Digital Strategies, Redwood (NYSE:RWT) City Ventures, Blockchain.com via BTC Capital, BoostX Ventures, 4SV, Roger Ver, Jihan Wu, and David Wachsman participated in the private sale.
In detail, VERSE is a rewards and utility token for users who consistently participate and contribute to the Bitcoin.com ecosystem. Simply put, it is similar to CRO, BNB, and FTT, of Crypto.com, Binance, and FTX offerings, respectively. Moreover, it will be minted as an Ethereum (ERC-20) token this summer.
Meanwhile, Bitcoin.com CEO Dennis Jarvis talked in great detail about the company’s new accomplishment. He commented:
Jarvis also described how user-centric VERSE is and how it adds tremendous value to Bitcoin.com’s products and services such as its self-custody wallet app, the Verse DEX, the Bitcoin.com Exchange, Bitcoin.com News, and its upcoming crypto-enabled debit card.
In other news, VERSE is slated to hold its public token sale in June 2022. It is said that six percent of the total token supply (12,600,000,000 VERSE) will be sold. In addition, the sale will be the first token project launch on the brewing Bitcoin.com Verse Launchpad which will also be released simultaneously.
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Source: Cryptocurrency - investing.com
