Bitcoin․com Announces Strategic Partnership with Poly Network – Press Release Bitcoin News

press release

Join the Vers public token sale now and buy VERSE tokens using BTC, BCH, ETH and USDT/USDC. The sale closes on 1 December at 0:00 UTC.

Bitcoin.coma digital ecosystem that provides secure self-custody solutions for users to easily interact with cryptocurrencies has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s Verse ecosystem.

Poly Network is a decentralized and trustless interoperability protocol for heterogeneous blockchains, which has integrated support for over 130 tokens so far.

Verse is Bitcoin.com’s ecosystem token that will launch after the public sale, currently live at getverse.com. Verses will fuel the growth and expansion of Bitcoin.comits ecosystem, which includes over 35 million wallets created in its multi-chain DeFi-ready mobile app, and an award-winning news portal with over 2.5 million monthly readers. Verse will provide access to exclusive platform services and serve as the cornerstone for new initiatives, ultimately expanding access to decentralized technologies and finance. By interacting with Vers DEX, staking VERSE, receiving money back in VERSE, and using the VERSE token as collateral in various lending pools, Bitcoin.comMillions of users will be able to take full advantage of the time they spend engaging with the platform.

With the support of Poly Network, several application scenarios are enabled for VERSE to be used as a resource through DeFi. These application scenarios include DEX trading, lending and liquidity mining across various heterogeneous blockchains and within Layer 2 ecosystems.

“Poly Network is one of the best bridges, enabling the transfer of both tokens and NFTs across multiple networks without gas fees,” said Dennis Jarvis, CEO of Bitcoin.com. “This strategic partnership is not only an effective means of increasing the utility and liquidity of VERSE, but an expression of support for Verse’s mission to increase financial freedom.”

John Wang, Poly Network’s founding member commented, “Verse will provide fuel Bitcoin.comits already successful ecosystem of crypto products. These products are self-managing, multi-chain and DeFi-centric, something we strongly believe in. Poly Network hopes to lay a solid interoperability foundation to ensure that the entire ecosystem will be alive and thriving.”

Bitcoin.comDennis Jarvis added: “We look forward to exploring further future collaborations between Bitcoin.com, Verse and Poly Network with the goal of providing affordable access to blockchain for everyone. Affordability is a significant barrier to mass adoption of DeFi, and overcoming it will ultimately create more financial freedom.”

VERSE will provide value to those who interact with the Verse DEX, Ethereum blockchain and wider DeFi ecosystem. The VERSE token will lead initiatives to accelerate growth and innovation in DeFi through the Verse Development Fund.

The public token sale of Verse is currently underway at getverse.comwhere 2% of the token supply is available in one dynamically priced sales which could see public sale buyers pay a lower price per token than those who bought in the first round.

About Poly network

Poly Network is a global cross-chain protocol for implementing blockchain interoperability and building Web3.0 infrastructure. Its uniquely designed blockchain and cross-chain bridging technology opens up communication and enables transactions between various heterogeneous chains, including mainstream public chains from the protocol layer. Poly Network has integrated 35+ blockchains to date, including Ethereum, Aptos, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, OKC, Neo, Zilliqa, Metis, etc. Since its launch, the protocol has enabled asset cross-chain transfers with a value of over USD 16 billion.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With accessible educational materials, timely and unbiased news and intuitive self-custody products, we make it easy for everyone to buy, use, trade, invest, earn and stay informed about cryptocurrency and the future of finance.

Image credit: Shutterstock, Pixabay, Wiki Commons