Press Release
Press Release Bitcoin.com enables users to access and securely exchange cryptocurrency and digital assets digital ecosystem and secure self-custody platformis launching the Verse Development Fund, an initiative to accelerate growth and innovation in an initiative to accelerate the growth of Bitcoin.com ‘s Verse ecosystem. Additionally, the fund will empower projects that embody Bitcoin.com (Bitcoin.com) will empower projects that embody the ideals of economic freedom and financial democratization.
“Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their digital asset investment journey,”said Bitcoin.com CEO Dennis Jarvis “To date, we have built a portfolio of great products and services that are used by over 4 million people every month, and the Verse Development Fund will be a vehicle to harness the energy of this diverse and passionate community to build an even more popular and powerful ecosystem.”
The fund will begin accepting grant applications from developers and other ecosystem participants in Q1 2023. It will begin with an emphasis on distributed applications (dApps), integrations, projects, and events that support focus on the Bitcoin.com verse community.
VERSE, Bitcoin.com ‘s reward and utility token is a cross-chain token built on the ERC-20 standard and designed for broad EVM compatibility. VERSE will be integrated into will be integrated into Bitcoin.com and will be integrated into the
product suite, allowing individuals to receive rewards for buying, selling, consuming, swapping, and collecting information on crypto.
“The VERSE token, and by extension the entire VERSE ecosystem, adds tremendous value by incentivizing the uptake of bitcoin.com ‘s products and services, encouraging loyalty and inducing people to dive deeper where there are more opportunities to benefit from the economic freedom that decentralized finance enables,”, Verse Development Fund lead, Lizzie Eng, said. “The resources this fund provides will spur innovation and growth within Verse and more broadly bitcoin.com community, making it even more valuable to those who use it.”
VERSE tokens are expected to launch in the fourth quarter of 2022, following public sale in November
The fund will draw resources from the VERSE token supply. Strategic buyers such as Digital Strategies and Blockchain.com in a private sale completed this May. 10% of the VERSE token supply for $33.6 million, as was reported by Bitcoin.com news . 34% of the VERSE token supply is allocated to the Verse Development Fund. Tokens are provided to the Fund on a linear, block-by-block basis over a seven-year period.
Key components of the Bitcoin.com ecosystem include
- 167} A user-friendly multi-chain Web3 wallet consisting of over 34 million wallets,
- Multi-chain is a permissionless exchange where anyone can get a share of the transaction fees by funding the{173 Verse DEX : liquidity pool.
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Developers and other ecosystem participants can accessfor updates on the Verse Development Fund grant application process. https://getverse.com/fund/ .
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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