Second VERSE token buyback and burn complete | by Bitcoin.com | May, 2023
Another 250 million VERSE removed from supply.
Just six weeks after burning more than 4% of the circulating supply of VERSE token, Bitcoin.com has completed its second buyback and burn, removing 250 million VERSE forever. This equates to 2.4% of the circulating supply and 0.119% of the total supply of Bitcoin.coms ecosystem token. Details are as follows:
VERSE burned: 250 million
Total supply before burn: 209,750,000,000
Total supply after burn: 209,500,000,000
USD value at time of burn: $183,920
Percentage of circulating supply burned: 2.4%
Percentage of total supply burned: 0.119189511323%
Time of burn: May-122023 01:48:59 AM UTC
Transaction ID: View on chain
What is the VERSE buyback and burn mechanism?
A fraction of the earnings generated by Verse-related products and Bitcoin.com is used to purchase VERSE tokens. These tokens are then removed from circulation and eliminated (burned), resulting in a reduction of the total quantity of VERSE.
What is VERSE?
Launched in December 2022, VERSE is a token that rewards you for using Bitcoin.com. You can use VERSE to unlock rewards, pay for things on Bitcoin.com and other places, access exclusive platform services, and more. VERSE is also helping more people benefit from decentralized finance, which gives you economic freedom. Learn more about what makes VERSE special here.
You can earn up to 99% APY in Verse Farms here. You can also stake VERSE for rewards here. And by staking VERSE now, for a limited time youll be eligible to win from our $10,000 prize pool. Get more details on the Stake-to-win contest here.
Buying VERSE
- Get VERSE in a few taps in the Bitcoin.com Wallet and pay with credit card Apple Pay, Google Pay and a range of other local payment options.
- For purchases made in the US: Buy VERSE with credit card, Apple Pay, Google Pay or Cash App at buy.bitcoin.com/transak.
Swapping into VERSE
There are two ways to trade into VERSE:
1.Via the Bitcoin.com Wallet (available in most regions). Heres how:
2.Via Bitcoin.coms decentralized exchange Verse DEX (available globally):
Swap stablecoins, ETH, BTC, BCH and more at https://verse.bitcoin.com
Get step-by-step instructions for swapping on Verse DEX here.