VERSE is the rewards and utility token for the Bitcoin.com ecosystem. Launched in December 2022, VERSE is now being integrated into Bitcoin.com’s suite of products. These include the multichain Bitcoin.com Wallet app and the award-winning Bitcoin.com News platform.
VERSE will enable anyone to receive rewards for buying, selling, spending, swapping, and staying informed about crypto. At the same time, VERSE tokens will provide utility within and beyond Bitcoin.com’s ecosystem. Use cases will include unlocking rewards along tiers, method of payment, access to exclusive platform services and more.
Use the multichain Bitcoin.com Wallet, trusted by millions to safely and easily buy, sell, trade, and manage VERSE, bitcoin, and the most popular cryptocurrencies. The app is also your gateway to the Bitcoin.com Verse ecosystem.
Why VERSE?
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency. Our mission is to create economic freedom, which we define as the ability for individuals to freely acquire and use personal resources however they choose. We build products and services that give everyday people access to a vast world of opportunities to generate personal prosperity without limits.
By providing a powerful combination of rewards and utility, VERSE will help expand access to decentralized finance (DeFi). Ultimately, this will enable more people to safely benefit from the economic freedom and democratized finance it unlocks.
What can VERSE be used for now?
VERSE utility is gradually being integrated to the Bitcoin.com ecosystem. You can discover VERSE use cases on the web or in the Bitcoin.com Wallet app by tapping on Verse Explorer from the app’s home screen.
Verse dApps
The first wave of Verse dApps include the following:
Verse Scratcher
Verse Scratcher enables anyone to purchase digital tickets and “scratch” them to reveal the numbers. If three matching numbers are revealed, you win a prize, which is paid in VERSE.
Verse Clicker
Verse Clicker is a free-to-play game where you click for points and spend points within the game to purchase upgrades. Hold and use VERSE within the Verse ecosystem to get exclusive bonuses that enable you to dominate the leaderboard. Prizes are available during limited-time campaigns.
Verse Burn Engine
The Verse Burn Engine allows anyone to trigger “burns” of VERSE tokens. When tokens are burned, they are no longer accessible, meaning the total supply of VERSE is reduced forever. Anyone can permanently reduce the supply of Bitcoin.com’s ecosystem token VERSE by triggering the Verse Burn Engine.
Verse Lounge
Verse Lounge is an exclusive community for VERSE token holders who want to connect. The key benefits of joining Verse Lounge are:
- Talk with Verse Builders
- Engage with fellow holders
- Participate in voting on proposals relevant to the Bitcoin.com Verse ecosystem
- Be the first to know about new features and Verse products
- Get access to additional perks available only to Lounge members.
Verse DEX
VERSE utility includes liquidity providing and yield farming on Bitcoin.com’s decentralized exchange Verse DEX. The Verse DEX is a core piece of infrastructure in the Bitcoin.com Verse ecosystem as it enables permissionless and low-fee trading. To function efficiently, Verse DEX needs to attract sufficient liquidity from market participants. Liquidity, as measured by total value locked (TVL), is a key measure of the health of a decentralized exchange. Rewards for liquidity providers and Verse Farms rewards are designed to incentivize the growth of liquidity on the Verse DEX.
Earn VERSE by providing liquidity on the Verse DEX
You can start earning VERSE (and other cryptocurrencies) by providing liquidity to any VERSE pool on the Verse DEX. This step-by-step guide explains how to contribute to liquidity pools and earn yield on Verse DEX.
Earn rewards in Verse Farms
Anyone can deposit select Liquidity Pool (LP) tokens into Verse Farms and start earning.
Stake VERSE to earn rewards
Now it’s easier than ever to earn VERSE rewards. Simply deposit your VERSE tokens on Bitcoin.com’s decentralized exchange Verse DEX and start earning rewards automatically.
How can I buy or trade VERSE?
You can buy or trade VERSE with cash in the Bitcoin.com Wallet app or on the web. You can trade VERSE in the app, via Bitcoin.com’s decentralized exchange Verse DEX, and through a range of third-party exchanges and service providers. Please find more details on this page.
VERSE in Detail
VERSE is an ERC-20 token that lives on the Ethereum and Polygon PoS public blockchains. Bitcoin.com is dedicated to ensuring that VERSE has wide utility for everyday people, which is why VERSE will be integrated across low-fee chains.
A maximum of 210 billion VERSE will be minted over seven years starting from the contract deployment date, which was Dec 7, 2022. The majority of VERSE tokens (69%) are reserved for community and ecosystem development.
The VERSE tokenomics are designed to support longevity and growth.
- VERSE had a fair launch: We created a highly publicized multistage token sale where 1) The sale terms were public, and 2) There were no steep discounts between rounds.
- There are no cliffs: VERSE tokens purchased in the sale began unlocking on day 1, and continue unlocking for 12 to 18 months. Team tokens also unlock linearly, but over a four-year period.
- Buyback and burn: We’ve baked an ongoing deflationary mechanism into Verse where a portion of all the fees generated are used to buy back and burn VERSE.
- Community development: The VERSE token will spearhead initiatives to accelerate growth and innovation. The Verse Development Fund (34% of total supply) will provide a pipeline of resources for DApps integrating with the ecosystem and will incubate token projects through the Bitcoin.com launchpad service (coming soon).
