Key highlights:
- Users can now register for the VERSE token sale
- VERSE is an Ethereum-based ERC20 token designed for the Bitcoin.com ecosystem
- The sale itself will be taking place in June
Registrations for Bitcoin.com’s VERSE token sale are now open
Bitcoin.com have announced that they are accepting registrations for the VERSE Token sale. Whitelisted users will be the first to get notified when the token sale, in which 6% of the token’s supply will be distributed, goes live. According to a press release from Bitcoin.com, the sale will be taking place in June, although the specific date hasn’t been announced yet.
VERSE is a token that’s designed to provide a rewards mechanism and utility for users in the Bitcoin.com ecosystem. The token is built on the Ethereum blockchain using the ERC20 standard, but could also be expanded to other blockchains compatible with the Ethereum Virtual Machine (EVM) to help users keep transaction costs low.
Bitcoin.com was established in 2015 and provides a variety of resources for cryptocurrency users and helps onboard new users into the world of crypto. Currently, the platform offers cryptocurrency buying and selling services, a news portal, educational content for cryptocurrencies, and an automated market maker platform. The company currently has over five million monthly active users (MAUs) across its suite of products.
The token sale round that will be happening in June is referred as “Sale B”, with “Sale A” being completed in May. The Verse project raised $33.6 million in their first token sale, which saw participation from notable cryptocurrency industry players such as Blockchain.com and KuCoin.
Here’s what Bitcoin.com CEO Dennis Jarvis had to say about the project’s current progress as they near their second token sale:
“We were honored to see such outspoken support during our first token sale round. Furthermore, we could not be more excited about bringing our second token sale to the public and providing more people with access to VERSE. This new utility token marks a crucial milestone for the Bitcoin.com ecosystem. It will enable us to enhance the mainstream appeal of cryptocurrency and blockchain through our buy/sell services, news coverage, and educational tools.”
The accepted cryptocurrencies in the upcoming token sale will be Bitcoin, Bitcoin Cash, Ethereum, USD Coin and USDT. Users participating in the token sale will need to set up an Ethereum wallet to receive the VERSE tokens. The VERSE Token sale is not available to users from the United States.
