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What is’s VERSE Token | CoinGecko

What is's VERSE

Key Takeaways:

  • The VERSE token is the native token of the ecosystem.

  • is a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets. The multichain Wallet has over 35 million self-custody wallets created and’s monthly active user base exceeds 5 million.

  • The VERSE token will be used to foster further development of the ecosystem, reward existing users of’s products, and fund educational and relief programs organized by including the recently announced CEX Education Program.

Issued by cryptocurrency company and running on the Ethereum blockchain, VERSE is intended to be a utility and rewards token for their community, and a gateway for newcomers to DeFi. Users will be able to earn VERSE by providing liquidity to the Verse DEX, stake VERSE for rewards, earn cashback in VERSE, and more.

The VERSE token is expected to go live once the token presale program is completed. Before that, read on to find out more about VERSE and what you can do with it. 

What is’s products include an easy-to-use self-custody wallet and an award-winning cryptocurrency media platform. To date,’s products have served millions of cryptocurrency users in different ways, offering each a personalized experience based on their individual preferences. These solutions are integrated into the app, which is available for Android and iOS devices. Wallet

The Wallet currently supports the Bitcoin, Bitcoin Cash, Ethereum, Avalanche, and Polygon blockchains. The team has shared its plans to extend this support to additional low-fee EVM-compatible blockchains. Investors can store supported cryptocurrencies and perform p2p transactions via the Wallet. The Wallet supports wallet naming services like ENS and Unstoppable Domains, which means people can send supported cryptocurrencies to your human-readable wallet address instead of having to enter your alphanumeric Bitcoin and Ethereum wallet addresses.

The Wallet is well-adapted for decentralized finance; users can connect to decentralized applications through the WalletConnect function integrated into the wallet. They can also exchange assets from the comfort of their wallets or purchase cryptocurrency with fiat through’s swap and on-ramp service respectively.

Statistics published by the team claim that over 35 million cryptocurrency wallets have been created via the Wallet and an estimated 5 million people use the wallet every month. News’s news platform is up to date with developments around the crypto space, providing its readers with comprehensive updates and educational content. reports that its news media recorded an average of 2.5 million readers in every month of 2021. News is currently #1 by Feedspot in the Bitcoin category and #11 in the broader cryptocurrency category.

At the time of this writing,’s social media outlets have a collective followership of over 2.7 million.

The Team

The team is led by CEO Dennis Jarvis with experience from Apple Management and as a Senior Product Manager at Rakuten. Other senior members at have experience with notable firms including Kyash, WISE, and CyberAgent. is extending its reach in the crypto space. In addition to its current utilities and programs, it is working towards adding even more applications to its ecosystem to speed up the adoption of decentralized solutions and improve general cryptocurrency knowledge. With its ecosystem set for more growth; it is launching a token to power and grow alongside the ecosystem. This token is The VERSE token.

What is VERSE?

VERSE will be the key to the ecosystem. The team is building a core decentralized financial utility that will incorporate the token in order to grow the ecosystem, strengthen the platform’s economy, and reward existing users and every holder of the token. VERSE is an ERC-20 token issued on the Ethereum blockchain; the team, however, hints at plans to bridge to other EVM-compatible networks. Bridging the VERSE token to other EVM blockchains with a relatively low-fee structure will not only allow holders to enjoy a low-fee way to access the utility the token enables, but will also expose the token to an even wider crypto audience.

As the VERSE token will be tied to, the property’s past developments and future facilities will create use cases for the token, similar to other exchanges like Binance and

In addition to what these similar tokens offer, VERSE goes further to drive community engagement and onboarding programs, supporting other ventures that make cryptocurrency attractive to the common investor.

The team has announced several prospective utilities for the VERSE token, spread across incentivization, platform and application access, and investors’ empowerment.’s suite of decentralized applications creates similar utilities for the VERSE token as DeFi tokens like Trader JOE.

In addition to the VERSE token’s utility, the team will also hope to drive a healthy growth pattern through sustainable token economics that keeps the token distribution in control and maintains demand for the VERSE token, beginning from the token issuance stage.

Verse Tokenomics

According to published data, 210 billion VERSE tokens will be issued by with distribution spread across a span of seven years. The VERSE token emission schedule will mimic native coins’ distribution pattern in the sense that vested tokens will be released per block, starting from the day it is fully launched. Pre-sale investors and other parties eligible to receive the VERSE token will be able to claim allocated tokens in split portions per block.

Tokens can be claimed by interacting with the claiming smart contract. Here’s a guide on how and when to claim the Verse token.

This approach, according to the team, will prevent negative effects on demand and value development caused by an abrupt increase in circulating tokens. The supply shock scenario will be averted by the gradual and uniform increase in circulating tokens against a prospective exponential increase in demand from the rest of the cryptocurrency community who wish to access applications in the VERSE ecosystem. 

To maintain a regular demand for the VERSE token, the team has shared plans for a sustained token buyback and burn program. According to the team, a portion of all fees generated from applications in the ecosystem will be dedicated to the buyback program which is committed to constantly reducing the number of tokens in circulation by burning these tokens.

Thanks to the buyback and burn program, the VERSE token attains a deflationary architecture. The deflation rate will depend on the amount generated from fees and the percentage the team is willing to commit to this program.

Regarding token allocation, the team has reserved portions of the total supply for development programs and allocations for different external and internal parties. These reserves and allocations will be available for gradual claiming (as explained earlier) once the token is fully launched.

According to information provided by the team, 34% of the total VERSE supply will be allocated to ecosystem incentives and rewards. This portion of the token will be used to power upcoming incentivized programs and passive income programs in the ecosystem, including an airdrop program as hinted by the team. Through the airdrop program, the team hopes to reward existing users of the application and also plans to extend this reward to some noteworthy cryptocurrency communities.

The core team will also receive 15% of the total supply, although the vesting structure for team allocation is 4 years versus the 1- or 1.5-year vesting scheduled for token sale participants.

34% of the total supply is reserved for further development of the Verse ecosystem. The development fund allocation will be used to fund development proposals, strategic partnerships, and other progressive ventures. 16% of the token supply will be dedicated to fundraising for the Verse project through the token pre-sale events. This is split into 10% and 6% for Verse Sale A and Verse Sale B respectively. Sale A tokens will be unlocked per block over a period of one year while Sale B tokens will be fully unlocked in one and a half years.

VERSE Token Utility

The VERSE token is being integrated into’s applications. In every application, it plays a unique role geared towards incentivizing cryptocurrency investors to embrace these solutions. These roles are structured to empower users, grow the VERSE token, and strengthen the Verse ecosystem economically. Here’s how VERSE fills these roles.

The Verse DEX

The Verse DEX is a platform for investors to perform routine financial transactions from the comfort and security of their wallets. Liquidity providers to the DEX’s Automated Market Maker protocol will receive a portion of the trading fees generated by the trading pair for which they provided liquidity. The Verse DEX liquidity pool token can be redeemed for VERSE tokens or used in yield farms to receive additional VERSE token rewards.

VERSE holders who commit their tokens to lending pools, borrow VERSE from pools, or use VERSE as collateral will also receive rewards in VERSE.

In-Platform and Merchandise Payments

VERSE will be used to make payments on the app and purchase merchandise. Users will also receive VERSE token rewards and cashback when they make payments using VERSE and use the swap feature to trade their crypto assets. Companies can also pay for advertisements or publications on the news media using the VERSE token. Card

When launched, the card will allow holders to spend in crypto on supported platforms and accredited merchant stores. The card will be connected to the Wallet to enable wallet users to spend their crypto anywhere. Investors will be eligible for rewards in VERSE when they make payments using the card. VERSE holders can also obtain the premium card and enjoy several extra benefits such as lower transaction charges and other benefits.

NFT Marketplace is incorporating notable NFT marketplaces into its application. Through this integration, users of the application can trade NFTs from their accounts by connecting to the marketplace. NFT enthusiasts who trade their NFTs on these linked marketplaces from their wallets will receive extra rewards in VERSE.

User Incentives

The news and content platform will be using VERSE as well to reward…

Read More: What is’s VERSE Token | CoinGecko

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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