Verse

VERSE

About VERSE VERSE, Bitcoin.com's rewards and utility token, accelerates global adoption of cryptocurrency in the self-custodial model through incentives and gamification. Since 2015, Bitcoin.com has been a global leader in introducing newcomers to Bitcoin and cryptocurrency. With over 46 million self-custody wallets created (as of Jan 2024) in its multichain DeFi-ready mobile app (the Bitcoin.com Wallet app), an award-winning news portal with over 2.5 million monthly readers, a wide range of educational resources, and 24-hour human support, Bitcoin.com is the world’s gateway to Bitcoin and beyond. By incentivizing and gamifying engagement in the Bitcoin.com ecosystem, VERSE supercharges Bitcoin.com’s mission to onboard the world to decentralized money and accelerate the transition towards a more inclusive financial system. What makes VERSE different? VERSE is seamlessly integrated in the Bitcoin.com ecosystem and readily accessible to millions of users. Bitcoin.com attracts and retains millions of newcomers to crypto every year via its powerful brand, domain, and products. The ecosystem guides newcomers on their own individual journeys, enabling them to benefit from the rapidly expanding range of applications in crypto. What is the utility of VERSE token? As Bitcoin.com’s rewards and utility token, VERSE can be earned by using products in Bitcoin.com’s ecosystem, held for discounts and perks, and used in apps and dApps. In late 2023, VERSE was deployed on Polygon, paving the way for a micro-rewards system which is currently under development. What are the key components of the Bitcoin.com VERSE ecosystem? At the heart of the ecosystem is the multichain Bitcoin.com Wallet app. Within the app, users can find a web3-enabled browser called Verse Explorer that allows for convenient interaction with a variety of dApps and web3 features. These include the multichain decentralized exchange Verse DEX, the Verse Burn Engine, and a collection of engaging dApps that are designed to educate users on how to safely interact with web3 products. VERSE Governance In October 2023, the Verse Team introduced community voting via Snapshot. Token holders now have the right to cast votes proportional to their holdings on proposals impacting the Bitcoin.com Verse ecosystem. The inaugural vote determined the next blockchain for VERSE expansion, beyond its original Ethereum platform. The community chose Polygon PoS, leading the team to initiate the integration of VERSE and Verse dApps with the Polygon network.