Press release
bitcoin.com The team is excited to announce Verse, a rewards and utility token. bitcoin.com Ecosystem.
Since 2015, bitcoin.com Has served as a trusted gateway to bitcoin and beyond, providing timely and objective news content and educational material, the most secure and easy-to-use non-custodial multicoin wallet, accessible bridge between fiat and crypto, and many more.
“With 29 million wallets created and over five million monthly active users, it is time to introduce a mechanism to reward bitcoin.com The community for buying, selling, spending, swapping, investing and staying informed about crypto – and that mechanism is Verse,” said bitcoin.com CEO Dennis Jarvis.
Verse will be a cross-chain token built on ERC-20 Standard with attention to detail in low fee, EVM-compatible ranges.
Twenty-six percent of the Verse tokens are reserved for the community as a development fund and ecosystem incentives and rewards. The latter include rewards at stake, airdrops, soon-to-be DEXs for liquidity providers, and more. These incentive tokens will be unlocked on a block-by-block basis over seven years from a fixed supply of 210 billion.
Token allocation and emission schedules are designed to optimize network effects and demand for tokens, while buybacks and burns, staking and other mechanisms work to reduce circulating supply over time.
Anyone will be able to earn Shloka tokens just by using bitcoin.comBeginner friendly products and services. Holders of Versus tokens will in turn be able to unlock additional rewards and discounts with multiple levels. By unlocking additional usefulness throughout the user journey, Inverse creates a powerful loyalty mechanism that works to drive retention. bitcoin.com Ecosystem.
One can also deploy VERSE and other cryptocurrencies to the liquidity pool on the Verse DEX to earn a portion of the trading fee, and additional rewards are available for betting the VERSE and LP tokens. Given that many bitcoin.comusers may not yet have the opportunity to interact with tokens that have such utility, the verse will serve as an important onramp decentralized finance For newcomers.
Jarvis said, “By introducing more people to DeFi – where they can deploy their assets without permission and benefit from an ever-increasing range of high-yield opportunities – Verse helps us to create more economic freedom in the world.” Mission empowers you.”
With the development of the token and its integration bitcoin.comThe suite of products and services is already well under way, with a portion of the Verse tokens reserved for sale. getverse.com, Token sale details will be announced in the coming weeks.
“By offering Verse in a public sale, we are providing early access to a token with broad utility, as well as empowering people to join bitcoin.comA brand with universal recognition, strong fundamentals, and one of the fastest growing ecosystems in crypto.”
Disclaimer: The information shown does not constitute investment advice. VERSE tokens are utility tokens designed to be used bitcoin.com, VERSE tokens are not shares, bonds, units in a collective investment scheme, securities, or other instruments commonly known as securities of any kind. VERSE Token US Not being offered for sale to individuals and not available for purchase in the United States, Japan, or any other restricted jurisdiction as can be specified by bitcoin.comFrom time to time.
image credit: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.