Bitcoin.com will launch the public sale of VERSE tokens in November and introduce the Verse Development Fund
Chain Catcher news, cryptocurrency wallet and browser Bitcoin.com announced that it will launch the public sale of VERSE tokens in November. VERSE is a reward and utility token designed for contributors and participants in the Bitcoin.com ecosystem, with EVM compatibility.
Previously, Chain Catcher reported in May this year that Bitcoin.com announced the completion of a $33.6 million private placement financing for VERSE tokens, with Digital Strategies, KuCoin Ventures, Blockchain.com, and others purchasing 10% of the VERSE token supply.
In addition, Bitcoin.com will launch the Verse Development Fund, which will begin accepting grant applications from developers and other ecosystem participants in the first quarter of 2023. 34% of the VERSE token supply is allocated to the Verse Development Fund, with tokens being released linearly over seven years. (Source link)