- Bitcoin.com broadcasts CEX Training Program with VERSE rewards
- Introducing self-custody to new technology of customers
Heavyweight cryptocurrency ecosystem Bitcoin.com broadcasts a novel program to introduce noncustodial blockchain providers to everybody who was by some means affected by CEX collapses sequence.
Bitcoin.com broadcasts CEX Training Program with VERSE rewards
In accordance with the official announcement shared by Bitcoin.com portal, its group launched a CEX Training Program, an initiative designed to reward all victims of latest centralized trade collapses. VERSE, a core asset of the upcoming Bitcoin.com pockets, will underpin the economics of the initiative.
Victims of failed centralized entities like FTX shall be eligible to assert a reward from the CEX Training Program by signing up at https://t.co/4nrJeSywoo.
We’ll proceed to help victims and incentivize them to onboard to self-custodial merchandise.https://t.co/fcMSayghmV
— Bitcoin.com (@BitcoinCom) November 20, 2022
To launch this program, Bitcoin.com allocates 5% of the aggregated VERSE provide. The token shall be activated as quickly as December 2022. To be able to declare the tokens, customers are invited to signal up at getverse.com, a purpose-made web site by Bitcoin.com.
In addition to the victims of the FTX, Blockfi, Celsius and Voyager dramas, Bitcoin.com will assist customers affected by different collapses of centralized or hybrid buying and selling providers.
Commenting on this system’s launch, Bitcoin.com CEO Dennis Jarvis highlighted that the aggressive promotion is what makes centralized cryptocurrency majors so harmful for traders:
With slick UX, logos on sports activities stadiums, Matt Damon commercials, Tom Brady endorsements, and massive “assured” returns, the lure of CeFi is powerful. However as we have seen, lack of transparency within the centralized mannequin, whether or not or not it’s in crypto or tradfi, is an enabler for the gross mismanagement of buyer funds and, in some instances, blatant fraud.
In addition to compensations, this system can also be designed to show the alternatives that decentralized providers can unlock for common customers of cryptocurrencies in 2022.
Introducing self-custody to new technology of customers
Additionally, VERSE tokens shall be used to inspire the customers of VERSEDEX for any kind of buying and selling, lending and staking exercise on every supported blockchain.
As coated by U.In the present day beforehand, Bitcoin.com ecosystem helps over 100 Ethereum-based ERC-20 tokens. Additionally, it lately built-in the most overhyped “Ethereum killer,” Avalanche (AVAX).
VERSE itself shall be an ERC-20 token. In complete, 210 billion tokens shall be minted; the method of VERSE token launch will take seven years.
As talked about in its whitepaper, VERSE shall be distributed to energetic contributors to the Bitcoin.com ecosystem and seasoned customers of its numerous providers.