Bitcoin.com Raises $33.6 Million During Private Sale

Various strategic investors thought leaders, and influencers contributed to Bitcoin.com's private sale for the VERSE token. Participants include KuCoin Ventures Blcockhain.com, BoostX Ventures, Roger Ver, Jihan Wu, and David Wachsman.

The Bitcoin.com team raised $33.6 million to build the Verse ecosystem and interweave it Bitcoin.com's ecosystem of products and services. The token offers utility and reward features to holders taking their next steps in the crypto journey.

"Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their crypto journey. So far we've built an incredible portfolio of products and services that count more than 4 million monthly active users and 30 million self-custody wallets created. Today, we're proud to announce VERSE, a utility and rewards token for everyone who participates in the ready-built Bitcoin.com Verse ecosystem" said Dennis Jarvis, Bitcoin.com CEO. "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. We're also extremely excited to announce the Verse public token sale, which is scheduled to begin in June."

The Verse ecosystem is powered by the VERSE token, which will be minted as an ERC-20 token on the Ethereum blockchain in the summer of 2022. It provides features found in utility and rewards tokens like Crypto.com's CRO and Binance's BNB. In addition, certain aspects of VERSE are similar to CeFi and DeFi platform tokens like Nexo's NEXO and TraderJoe's JOE.

Eric Weiss, Managing Partner, Digital Strategies said"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. We're thrilled to be part of this journey with Bitcoin.com and Verse."

Justin Chou, Chief Investment Officer, KuCoin Ventures said "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."

The public sale for the VERSE token will kick off in June 2022. Six percent of the total VERSE supply - 12.6 billion VERSE - will be sold during the sale. Moreover, the sale occurs on the new Bitcoin.com Verse Launchpad, which will release simultaneously. Interested users can find out more about the public sale and receive updates through getverse.com.

Bitcoin.com is building the products that give everyday people access to a vast world of opportunities to generate personal prosperity without limits. Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency, featuring accessible educational materials, timely and objective news, and easy-to-use fully self-custodial products for buying, spending, trading, investing, and earning with crypto.

VERSE is a rewards and utility token for users who contribute to and participate in the Bitcoin.com ecosystem. More details including the Verse whitepaper can be found at the Verse website. Verse already counts over twenty-five thousand participants combined in its vibrant Telegram and Discord communities. Verse will be available by early summer 2022, following the conclusion of the Verse public token sale.