Bitcoin.com, a cryptocurrency trading platform, today announced the successful conclusion of a private sale of its VERSE token, which raised USD $33.6 million. Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, and BoostX Ventures were the lead institutional investors. Angel investors and influencers like Roger Ver, Jihan Wu and David Wachsman were also present.
Bitcoin.com’s VERSE token and growth strategy
VERSE, an ERC-20 token, is a reward and utility token for Bitcoin.com users that contribute and engage in the ecosystem. It is comparable to the utility tokens of other crypto platforms like Binance (BNB), Crypto.com ( CRO) and FTX (FTT). In early summer 2022, following the end of the Verse public token sale, the token will be accessible for purchase.
The public token sale for the VERSE cryptocurrency will commence in June 2022, with the sale of 6% of the entire supply of 12.6 billion VERSE. Also, new Bitcoin.com Verse Launchpad will simultaneously launch, and the token sale is scheduled to begin at the same time.
By delivering a wide range of user-friendly digital products and services, Bitcon.com aims to increase crypto acceptance. Currently, the platform has over 4 million monthly active users and over 30 million self-custody wallets. Furthermore, it has more than 25k community members on Telegram and Discord. Its method is notable because it uses easily accessible teaching resources to introduce newbies to cryptocurrencies.
Users also benefit from current and objective news, and easy-to-use fully self-custodial solutions for purchasing, spending and trading with crypto. Eric Weiss, Managing Partner, Digital Strategies stated,“In our view, the utility of the Verse token in conjunction with the Bitcoin.com brand and broad suite of tools will create a powerful moat for its ecosystem.”