Payments

Bitcoin.com launches utility token

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November 8, 2022

Bitcoin.com, a digital ecosystem and wallet provider, has announced the sale of its Verse utility token. Users will receive this token as a reward for buying, selling, storing and learning about cryptocurrency, according to a press release.

Bitcoin.com is offering 2% of Verse's 10 billion fixed supply for the public sale. This cross-chain token is compatible with the ERC-20 standard and can interact with the Ethereum blockchain and other decentralized finance systems.

"We are officially entering a new era of Bitcoin.com with the public sale of Verse. Our team strongly believes in Verse's mission to enhance economic independence through its utility, ecosystem rewards and low-barrier-to-entry features offered on a secure, trustworthy platform," Dennis Jarvis, CEO of Bitcoin.com, said in the release. "It is with Verse that Bitcoin.com will continue to provide not only crypto-newcomers, but also crypto-natives, with the resources, tools, and technology needed to usher in the next cycle of mass DeFi adoption."