Crypto exchange and wallet provider Bitcoin.com has raised $33.6 million in a private sale of the VERSE tokens.
Participants in the token sale include Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, and Roger Ver, Jihan Wu, and David Wahsman as private investors.
The company describes VERSE as a cross-chain utility ERC-20 token and management asset. Its functions in Bitcoin.com are compared with the coins of the Crypto.com (CRO), Binance (BNB) and FTX (FTT) platforms.
The issue will be 210 billion VERSE over seven years in equal batches.
15% of the tokens will go to the project team, 34% to the developer fund, 35% will presumably go to incentive programs in the ecosystem. 16% of the VERSE issue is for sale. A public token sale of 12.6 billion coins (6%) is planned for June 2022.
