Most of us using Bitcoin.com wallet must have come across the notification from the app which talks about verse,am sure many of us didn’t bother to read about what it is or check their white paper to have more information about what it really it,let me tell you a bit of what I understand about the native token of the Bitcoin.com ecosystem {verse}.
Verse which is the native token of the Bitcoin.com wallet is a reward and utility token given to users participate and contribute to the Bitcoin.com ecosystem.
Bitcoin.com wallet has been the leading cryptocurrency wallet since 2015 with over 20 million new wallets created and million’s of users actively using the wallet on a daily basis,the team decided to make a plan to launch a mechanism to reward its community for those are are using the wallet and active at the same time.
How is works?
Users who buy,sell,spend,swap and lastly those that stay informed about crypto would be rewarded with the native token which is (verse).
There are many ways you can earn verse which includes;
Stake verse to earn rewards,
Providing liquidity to the verse Dex and get rewarded with verse,
Earn cashback in verse,
Use verse as a collateral in lending and many more.
Verse is a cross-chain token build on the ERC-20 token standard which simplifies that it would run on low-fee EVM chains,it would exist on Ethereum and later on to smartBCH.
With the verse Dex users can trade permissionlessly and also earn a share trading fees when they liquidity pools,they would also earn rewards by staking their LP tokens which looks awesome.
The verse token has a fixed supply of 210 billion tokens which would be distributed for seven years,it also includes a buyback and burn feature.
Getting rewarded for buying,selling and swapping is a great feature which everyone would love,you get to earn verse when you trade your favorite tokens not to forget you can also trade verse for your favorite tokens.
The plans is to rapidly expand into DeFi across multi-chains like smartBCH and others just to mention a few,they came up with the idea to make use of verse to reward their users who are active.
With what the current ecosystem is offering Bitcoin.com wallet is planning to become the Web3 hub where you can buy,sell and also swap your favorite coins and lastly to be updated on the latest crypto news.
An update about the Web3 is that web3 won’t work without low-fees chain involved in it so that’s what brought about the verse
Crypto users wouldn’t want to pay $50 for a transaction that is why the Bitcoin.com developers came up with the idea of introducing the verse to create prominent low-fees chains.
Verse coming to change the ecosystem would be great as users would earn reward for their activity on the Bitcoin.com wallet and also stay informed about crypto updates,it’s going to be fun all along.
Bitcoin.com is promising to bring the DeFi to the mainstream and also expand DeFi across multiple chains like Eth and SmartBCH,hopefully everyone take part in this verse.
To get more info about what verse really is you can read their white paper Getverse
Thank you for taking your time to read my piece of article.❤️✌️
All images used are gotten from getverse.com page.
First published on other platform which am using a different username Read cash