Crypto Industry Leader Bitcoin.com Secures $33.6M in VERSE Token Private Sale – sponsored Bitcoin News

On Wednesday, crypto industry leader Bitcoin.com announced that it has completed a private sale of its VERSE token, securing $33.6 million. VERSE aims to empower Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for their contribution to the Bitcoin.com ecosystem.

Bitcoin.com private token sale raises $33.6 million

This week, Bitcoin.com announced that it has completed a private sale of its VERSE token, raising $33.6 million. For over seven years, Bitcoin.com has been an industry leader when it comes to blockchain technology and cryptocurrency solutions. Bitcoin.com offers crypto exchange services, educational resources, a no-custodial wallet, and news. VERSE aims to fuel the growth of the company by rewarding VERSE users for participating in the myriad of services Bitcoin.com has to offer. Benefits include rewarding the crypto community with VERSE for things like buying, selling, and exchanging digital assets.

Learn more about VERSE at getverse.com.

VERSE will be released this summer as an Ethereum-based (ERC20) token with cross-chain compatibility. Just recently, Bitcoin.com unveiled the introductory web portal getverse.com and the VERSE whitepaper to give the crypto community details about the VERSE launch. On May 5, 2022, Bitcoin.com announced that it had completed a private token sale, raising $33.6 million from firms including Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, 4SV, and Boostx Ventures .

In addition, well-known crypto pioneers and influencers such as Jihan Wu, Roger Ver and David Wachsman participated in the private VERSE sale. Bitcoin.com CEO Dennis Jarvis said in a statement that the token will add significant utility and value to the company’s numerous fine-tuned crypto services. Jarvis further stated that the VERSE token public sale will take place this summer.

“Since 2015, Bitcoin.com has been at the forefront of introducing newcomers to crypto and guiding them on their crypto journey. To date, we have built an incredible portfolio of products and services that counts more than 4 million monthly active users and 30 million self-custodial wallets,” said Jarvis after completing the private sale. “Today we are proud to announce VERSE, a utility and rewards token for everyone who participates in the finished Bitcoin.com Verse ecosystem.”

The Bitcoin.com CEO added:

VERSE is user-centric and adds tremendous value to our suite 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 are also very excited to announce the public token sale of Verse, scheduled to begin in June.

Kucoin Ventures Exec Says “The Next Wave of Growth in Crypto Will Be Led by Strong Global Brands”

VERSE tokens are similar to crypto utility tokens like BNB, CRO or FTT. In the Bitcoin.com ecosystem, VERSE users do things like yield farming on Verse DEX, trading on the Bitcoin.com exchange, staking tokens into contracts, and earning VERSE from a variety of Bitcoin.com’s current services benefit.

Justin Chou, Chief Investment Officer at Kucoin Ventures, believes that the crypto industry will be empowered by well-known and trusted brands. “The next wave of growth in crypto will be led by strong global brands building real-world products for millions of people,” Chou said in a statement. “Bitcoin.com will accelerate the development of products and partnerships that expand its reach globally.”

In addition to the recent private sale, the public sale is scheduled for June 2022 and 12,600,000,000 VERSE tokens will be available. Bitcoin.com will release the Bitcoin.com Vers Launchpad, which will give visitors information about the public sale and allow people to buy VERSE. The getverse.com website provides a sign-up form for updates on public sales and other information related to the VERSE token and ecosystem.

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