Bitcoin.com Head of Engineering Hopes to Help Users Build their Crypto Origin Story with VERSE Token Launch
It is paramount to help people explore the opportunities found within the broader cryptocurrency ecosystem. The Bitcoin.com team introduced the VERSE token as an incentive and reward for people willing to educate themselves on these matters. More importantly, the token will guide users on their ongoing crypto journey, as it offers strong utility.
Establishing A Crypto Origin Story
Most people will remember vividly how they were first introduced to cryptocurrency. It may have been through a colleague t work, an advertisement, reading a news piece, Bitcoin Pizza Day, etc. Creating that origin story is the exciting beginning of a long journey to understand how cryptocurrencies work, which options are available, and how things will unfold over time.
However, many people venture out on their own to learn more about Bitcoin and crypto and get a bit confused. As most people have no idea what they are doing or what half of the jargon means, there needs to be a better-guided solution. Striking a balance between education and wonder is essential. In the past, most people would simply buy a cryptocurrency and then expand into other verticals across the broader industry.
Bitcoin.com Director of Engineering Andrei Terentiev adds:
“So one of the things we see is how I described my crypto origin story. I think we actually see a lot of users kind of take a similar route, right? So they might be coming into the space and being like, “Okay, I have no idea what I’m doing.” And then their first experience is probably, I don’t know, buying crypto with credit card or something like that, and then gradually they expand into a lot of things where it’s like, “Oh, now I can do this,” I don’t know, “Yield farming, or I can do the staking, or I can do all this training and stuff.” And I think that is kind of what we’re picturing as like they’re introducing themselves and getting involved in like the crypto-verse.”
The introduction of the VERSE token is a mechanism to make that crypto origin more appealing to onlookers. It is a reward and utility token for those willing to explore the cryptocurrency ecosystem with the help of Bitcoin.com. The Bitcoin.com platform provides various cryptocurrency-related services users may take an interest in, including decentralized trading, staking, educational efforts, news, etc.
The Verse Product Suite
VERSE will serve as the ultimate reward and utility token users can earn by buying, selling, spending, swapping, investing, and staying informed about crypto. All users who participate in and contribute to the Bitcoin.com ecosystem can earn rewards. Additionally, the token is similar to CRO and BNB, although it borrows elements from centralized finance tokens like NEXO and decentralized protocol assets like Uniswap’s UNI.
Using and earning the VERSE token is possible through various means:
- The Bitcoin.com mobile app and website
- Earned from buying and selling with fiat
- Usable with the non-custodial wallet
- A tool for the Verse DEX and staking
- Collateralized loans
- Futures AMM
- and much more.
Bitcoin.com Head of Financial Services Corbin Fraser states:
“If you’re brand new, it’s a reward token where you can basically be incentivized to do stuff across the Bitcoin.com platform. If you’re someone who’s a little bit more knowledgeable and, like Andrei was saying, who’s like a little further down that journey, you’re starting to like look for things that you can do with your crypto, perhaps earn some yield on it and actually like get some nice little passive income through like yield farming and you can lock up some tokens, and crypto, and stable coins and basically earn yield through the liquidity pools on our decks, you can stake those LPs and earn additional Verse.”
Combining the strong utility of this token with a sustainable reward distribution scheme makes VERSE a powerful asset for crypto novices. For instance, one could help spread the word about this project by acquiring Bitcoin.com and Verse merchandise paid for in VERSE. Additionally, one can unlock a [premium] payment card by holding VERSE and earn cashback in the token to unlock utility and rewards continually.
Let The Journey Begin
There is much to learn about the cryptocurrency industry. It may seem a bit daunting at first, but the Bitcoin.com ecosystem provides a compelling overview of everything through its application, website, and services in the broader ecosystem. Users will find everything they need and begin earning rewards from day one, making it an enjoyable journey for newcomers.
Moreover, they will gradually learn to explore new features and solutions powered by the VERSE token. Anyone can begin their crypto journey without prior knowledge or owning any cryptocurrency. A whole new world awaits and your crypto origin story is just a few clicks away.