VERSE is Bitcoin.com’s ecosystem token. It provides utility and rewards to users of Bitcoin.com’s products and services which include the multichain self-custodial Bitcoin.com Wallet, a decentralized exchange (Verse DEX), an award-winning news network and more.
Bitcoin.com is building the products that give everyday people access to a vast world of opportunities to generate personal prosperity without limits. Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency, featuring accessible educational materials, timely and objective news, and easy-to-use fully self-custodial products for buying, spending, trading, investing, and earning with crypto.
Bitcoin.com’s multichain Verse DEX is an automated market maker-based decentralized exchange that aims to bring everyone permissionless and non-custodial trading access, with a special focus on newcomers to DeFi. Safely and securely swap crypto with low fees, including cross-chain trading between BTC, BCH, ETH and more. Anyone can also earn yield by providing liquidity to the DEX.
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- LPs rewards. Adding liquidity is rewarded because liquidity is important for an exchange’s health. Liquidity providers receive liquidity pool deposit tokens, which can be redeemed for VERSE and other cryptocurrencies.
- Yield farming. Liquidity providers can yield farm their Verse DEX liquidity pool deposit tokens to receive additional rewards in the form of the VERSE token.
- Trading fee. Exchange VERSE for other cryptoassets via the Verse DEX. Earn VERSE in the form of cashback for buying, selling, and swapping cryptoassets.
- Staking. By staking tokens in Verse staking contracts, you can claim various rewards proportional to the amount of tokens multiplied by time staked. When you stake VERSE, you are essentially locking those tokens — they can’t be used for anything else while staked.
- Payment method. Available in 2022, the Bitcoin.com Card will have many crypto reward perks. Spending crypto with the Bitcoin.com Card will earn you cash back rewards in the form of VERSE. Additionally, if you hold a certain amount of VERSE, you’ll be eligible for card perks such as reduced card fees. You’ll also be able to earn VERSE when you buy gift cards on giftcards.bitcoin.com and pay for Bitcoin.com and Verse merchandise using VERSE.
- Collateral. Collateral is important in borrowing and lending markets. Which assets can be used for collateral (e.g., BTC, ETH, USDT, etc…) is an important consideration because it gives you more opportunities with your investments. Being required to use stablecoins (USDT, USDTC, FlexUSD) limits the productive use of that collateral. Because VERSE is an ERC-20 token, you’ll be able to use it as collateral in lending pools or lend VERSE to earn rewards.
