Bitcoin.com finalizes private sale of $33.6 million VERSE token

Bitcoin.com has announced that it has finalized a private sale of $33.6 million for the VERSE token attracting various participants including Digital Strategies, BoostX Ventures, Blockchain.com, KuCoin Ventures, ViaBTC Capital, 4SV, Redwood City Ventures, and certain individual figureheads and thought leaders, such as Roger Ver, David Wachsman, and Jihan Wu.

Verse to enhance Bitcoin.com's crypto offerings portfolio

Verse will add to Bitcoin.com's network of crypto offerings by connecting the VERSE token's usefulness and reward elements to each step of the cryptocurrency experience for common people.

Dennis Jarvis, the CEO of Bitcoin.com, stated:

VERSE could be minted for the first time in the summer as an ERC20 token and has been likened to BNB, FTT, CRO, the rewards and utility tokens for Binance, FTX offerings, and Crypto.com respectively. Some VERSE capabilities are similar to CeFi platforms such as Celsius and Nexo, and also typical decentralized trading systems like TraderJoe and Uniswap.

Jarvis added:

A public sale of VERSE tokens is expected in June

A public sale for the VERSE token is expected to commence in June 2022. It is likely that around 605 of the total supply of around 12.6 billion VERSE will be issued. The sale could coincide with the debut of the innovative Bitcoin.com Verse Launchpad, which will be available at the same time. At getverse.com, parties involved can learn more about the public auction and register for updates.

KuCoin Ventures Chief Investment Officer, Justin Chou commented: