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Bitcoin.com’s New Verse Token Has Raised $33.6 Million in a Private Sale

VERSE, Bitcoin.com’s new ecosystem token, has raised $33.6 million in a private sale.

The Verse platform will link the utility and rewards elements of the VERSE token, according to a press release shared with CryptoSlate.

Verse Is a New Addition to the bitcoin.com Ecosystem

Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, and select individual thought leaders and influencers such as Roger Ver, Jihan Wu, and David Wachsman all participated in Bitcoin.com’s exclusive token sale.

VERSE is a rewards and utility token that will launch in June this year for users that contribute and participate in the Bitcoin.com ecosystem. Bitcoin.com is a digital powerhouse in the cryptocurrency industry, with a web portal, news outlet, cryptocurrency wallet, and cryptocurrency exchange. In the last several months, the Verse ecosystem has grown tremendously, and its active Telegram and Discord communities now have over 25,000 members combined.

The CEO of Bitcoin.com, Dennis Jarvis, declared:

“VERSE is user-centric and adds tremendous value across our range 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.”

According to CryptoSlate, the token will be released in June as an Ethereum ERC-20 token and will look similar to CRO, BNB, and FTT coins. Some of the functionality enabled by the token can be likened to native tokens from CeFi platforms such as Nexo and Celsius, as well as native tokens from DeFi protocols like Uniswap and TraderJoe.

The public token sale for the VERSE token will commence in June, according to Jarvis. A total of 12.6 million VERSE tokens will be available for purchase, accounting for 6% of the total supply. The sale will be the first on the new Bitcoin.com Verse Launchpad, which will be available at the same time.

The chief investment officer at KuCoin Ventures, Justin Chou, stated:

“The next wave of growth in crypto will be led by strong global brands that create real-world products for millions of people. Bitcoin.com will accelerate the development of products and partnerships that expand their reach globally.”

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