Verse (FXERC20)

Verse is a rewards and utility token designed to enhance the global adoption of cryptocurrency within a self-custodial framework. Developed by Bitcoin.com, a prominent leader in introducing newcomers to the world of Bitcoin since 2015, Verse aims to incentivize and gamify user engagement. With over 50 million self-custody wallets created in its multi-chain DeFi-compatible mobile app, Bitcoin.com serves as a comprehensive gateway to cryptocurrency, providing users with educational resources and 24/7 support. Verse is fully integrated into the Bitcoin.com ecosystem, making it easily accessible to millions of users. The platform attracts new participants to the crypto space through its strong brand and diverse offerings, guiding them on personalized journeys while leveraging the increasing availability of crypto applications. The Verse token can be earned by engaging with various products within the Bitcoin.com ecosystem. Users can hold Verse to unlock discounts and perks or utilize it in decentralized applications (dApps). In late 2023, the token was launched on the Polygon network, introducing a micro-rewards system that enhances user engagement. Central to the Verse ecosystem is the Bitcoin.com Wallet app, which features a web3-enabled browser called Verse Explorer. This tool facilitates interaction with a variety of dApps and web3 functionalities, including the Verse DEX, an NFT collection and minting platform, and educational dApps that teach users about safe interactions with web3 products. To maintain token value, Bitcoin.com employs a buyback and burn mechanism. The company purchases Verse from various exchanges and sends it to the Verse Burn Engine, where the accumulated tokens await a burn event, which can be initiated by any user. Additionally, the sustainable supply reduction mechanism allocates tokens from the Ecosystem Fund to the Burn Engine based on ecosystem activities, ensuring a balanced approach to supply management over the token's lifetime.