Verse
Crypto Overview
Overview
Verse is the native token of Bitcoin.com, a platform focused on cryptocurrency education and services. The token was launched in 2022 as part of the Bitcoin.com ecosystem.
Purpose and Utility
Verse serves multiple functions within the Bitcoin.com ecosystem: It acts as a governance token allowing holders to participate in platform decisions, provides trading fee discounts on the Bitcoin.com exchange, and can be used for payments within the Bitcoin.com ecosystem. The token also enables staking rewards through their verseDAO program.
Business Model Analysis
The business model centers around creating a comprehensive crypto ecosystem with educational resources, trading services, and decentralized finance features. The platform focuses on legitimate cryptocurrency trading and education, which aligns with halal principles of fair exchange and knowledge sharing.
Platform Development and Adoption
Bitcoin.com maintains active development of their ecosystem, with regular updates and improvements to their platform. The token has seen integration across various services within the Bitcoin.com ecosystem, including their exchange, wallet, and educational platforms.
Token Distribution
The total supply of VERSE tokens is 210 billion. The distribution includes allocations for the team, development fund, ecosystem growth, and public sale participants. Team tokens are subject to a vesting schedule to ensure long-term alignment of interests.
Revenue Model
The primary revenue streams come from trading fees, ecosystem service fees, and platform usage, which involve actual exchange of value and services rather than interest-based income.
Crypto Impact
To assign a comfort level investing in Verse from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Verse.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.