Find our why we removed another 250 million VERSE from the supply forever, and how you can benefit.
Just six weeks after burning more than 4% of the circulating supply of our ecosystem token VERSE, Bitcoin.com has completed its second buyback and burn. This time we removed forever 250 million VERSE, or 2.4% of the circulating supply. You can look at this transaction on the blockchain here. What is the VERSE buyback and burn mechanism and why does it matter? The VERSE buyback and burn mechanism aims to motivate community involvement in our set of self-custodial tools and services by creating a positive cycle. It works by taking a portion of the earnings generated by Verse and Bitcoin.com, and using them to purchase VERSE tokens. These tokens are then taken out of circulation and destroyed (burned), reducing the overall supply of VERSE. This mechanism promotes user adoption and enhances the token's value. Are you a VERSE holder yet? |
You can earn up to 100% APY in Verse Farms here. You can also stake VERSE for rewards here. And by staking VERSE now, for a limited time you'll be eligible to win from our $10,000 prize pool. Get more details on the Stake-to-win contest here. 📢 Join the Verse community ⭐️ Join the conversation on Telegram and Discord where the Verse community already counts over twenty-five thousand participants combined. |
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