Bitcoin.com has announced that they have successfully concluded the sale of the VERSE token. As per the platform, they have successfully generated $50 million from the sale of the VERSE tokens.
Bitcoin.com is a major self-custody platform that offers a safe and secure digital ecosystem to users. Through the platform, the users are able to interact with different kinds of assets.
They can even interact with digital assets as well as cryptocurrencies by interacting with the platform.
A Successful Presale
According to the reports, a presale was carried out by Crypto.com for the VERSE token. The firm recently launched VERSE, which as per the officials at Crypto.com, is their utility and a rewards token.
Crypto.com had allocated 16% of the total supply of VERSE tokens for the presale. It was quite remarkable to witness that the entire allocation was sold before the presale ending date.
From the sale of the 16% allocation, the firm has reported that they have managed to generate $50 million.
Initial Listing of the VERSE Token
Now that the presale of the token is complete, Crypto.com is ready to enlist the token for the mainnet sale. According to the officials, the initial listing of the token would be through Verse DEX.
Verse DEX has been launched by Bitcoin.com as a decentralized exchange. The token will be launched through Verse DEX on December 8.
As communicated by the officials, the initial price of the VERSE token will be set to $0.0015 per VERSE.
VERSE Token was a Success
Since the beginning, the Verse token has proven to be a huge success for Bitcoin.com. The token is offering a lot of potential, which is why it has been adopted on a larger scale.
Although the overall cryptocurrency market is facing a major downtrend, the presale of the token has been a huge success.
The surge in the trading price of the asset shows that investors have a very high trust level in the ecosystem offered by Bitcoin.com.
Therefore, the investors are willing to make huge investments in the asset as their confidence is high in Bitcoin.com.
Statement by Bitcoin.com CEO
Dennis Jarvis spoke highly of the key role that the Verse token is going to play in the growth of Bitcoin.com’s ecosystem.
It will prove to be a huge success in the Bitcoin.com ecosystem, offering a great level of economic freedom to the users.
As per Jarvis, the entire ecosystem offered by Bitcoin.com will be supercharged with the help of the verse token.
Using the Verse token, the users will be able to avail of censorship resistance, transparency, and self-custody.
The level of utility will rise tremendously in the Bitcoin.com ecosystem because of the VERSE token. At present, the total number of self-custody wallets on Bitcoin.com are more than 35 million.
These wallets are accessible through the mobile application offered by Bitcoin, which comes with DeFi integration, and is accessible through multiple chains.
The ecosystem offered by Bitcoin.com also comes with new portals that are award-winning. The particular portal is visited by an average of 2.5 million readers on a monthly basis.
Rewards in Verse Token
Going forward, Bitcoin.com aims to use the Verse token to serve as a rewards token as well. The platform is aiming to introduce different kinds of activities.
The users can partake in these activities and can increase their chances of earning the Verse tokens. The platform has even launched an education program through its ecosystem.
The education program has been introduced for the purpose of rewarding users and encouraging them to become part of the DeFi industry.
As per the Bitcoin.com officials, they have allocated 5% of the total supply of the Verse tokens to their education program.
With the amount of time and effort Bitcoin.com has invested into the Verse token, there is a high chance it will prove to be a huge success.
