Bitcoin.com burned 260 million VERSE tokens in October, permanently reducing the supply of the Bitcoin.com ecosystem's rewards and utility token. Details are as follows:
- 🔥 VERSE burned: 259,641,669
- 💰 USD value at time of burn: $77,745
- 💹 Circulating supply at time of burn: 20,901,766,021
- 💹 Circulating supply after burn: 20,642,124,352
- 📊 Percentage of circulating supply burned: 1.26%
- 💹 Total supply before burn: 208,035,966,622
- 💹 Total supply after burn: 207,776,324,952
- 📊 Percentage of total supply burned in current burn: 0.12%
- 🔥 Total amount burned (lifetime): 2,223,675,047
- 📊 Percentage of total supply burned lifetime: 1.05889%
- ⏰ Time of burn: Oct-20-2023 @ 06:54:35 AM +UTC
- Transaction ID: View on chain
What is token burning?
A token burn means permanently removing or destroying tokens, thereby reducing the total supply. Burned tokens can't be traded or used.
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. You can track VERSE token burns on Dune Analytics here.
What is VERSE?
Launched in December 2022, VERSE is Bitcoin.com's rewards and utility token. You will be able to 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.
💵 Buying VERSE
Users outside the United States can purchase VERSE in the Bitcoin.com Wallet app here.
Anyone in the world can purchase VERSE with credit card, Apple Pay, Google Pay and Cash App here.
🔒Holding VERSE
Use the Bitcoin.com Wallet to securely manage your VERSE and other cryptocurrencies.
💱 Trading VERSE
You can use the Bitcoin.com Wallet to swap cryptocurrencies like BTC, BCH, ETH, AVAX, and MATIC — and many others — for VERSE. Set up your swap in a few taps, receive your VERSE seconds later, and hold it in your own wallet, the way crypto was meant to be. VERSE can also be traded permissionlessly on Bitcoin.com's decentralized exchange Verse DEX.
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