At Bitcoin.com, our mission has always been to help people own, use, and grow with crypto. VERSE, our utility and rewards token, is central to that mission. But as Web3 evolves, so must we.
Starting this week, we will delist VERSE from centralized exchanges (CEXs). It’s a bold move, and one that better reflects our values. Here’s why it matters, how we’re doing it, and what’s next for the VERSE community.
CEXs didn’t grow our community.
The promise of exposure on centralized exchanges didn’t translate into meaningful adoption. Instead, our own Bitcoin.com Wallet rewards program onboarded 300,000+ VERSE users, all in self-custody. That’s where real growth is happening.
We stand for decentralization and freedom.
Bitcoin.com has never taken custody of your assets. CEXs do, and that’s risky. They don’t just hold your funds, they control them. Withdrawals can be halted without warning, limits and fees are imposed at their discretion, and in the worst cases, billions simply vanish. When FTX collapsed in 2022, roughly $8 billion in customer assets went missing and over a million users were locked out overnight. Self-custody avoids those risks. It’s safer, aligned with our values, and future-proof.
VERSE is Web3-native.
From day one, VERSE was designed for on-chain use. Real community-driven activity happens in decentralized exchanges (DEXs), not centralized order books. And since VERSE launched in 2022, DEX infrastructure has improved dramatically. Liquidity, UX, and security are all stronger today. There’s simply no reason to rely on CEXs anymore.
CEXs often trade against their users.
Centralized exchanges aren’t just neutral venues, they provide liquidity and process orders, which gives them an edge over their customers. This creates conflicts of interest, where the house is effectively playing against you. In contrast, on-chain markets align incentives more fairly: liquidity is community-provided, transparent, and permissionless.
CEX volume is misleading.
Most trading on CEXs came from arbitrage bots, not real users. This artificial activity distorts price action and holds back recovery.
Focus matters.
Listing on CEXs promotes their products, not ours. We’d rather direct energy into building the Bitcoin.com ecosystem and strengthening VERSE’s role within it. On that note, we’re also developing a new kind of exchange designed without the custody risks of traditional CEXs. Details will be shared first with our VERSE community when private beta launches.
Cleaner markets, stronger recovery.
To recover, we need markets free of bot loops. On-chain pools align incentives with holders, creating healthier conditions for price discovery.
VERSE is evolving from “just” a rewards token into also being a scarce, Web3-native asset.
- We will burn a major portion of supply (contingent on community approval), drastically reducing circulating tokens.
- This deflationary move creates a new scarcity narrative, aligning VERSE with today’s market drivers: lean supply, strong community, and on-chain growth.
VERSE will continue to reward and empower its community — but with a sharper focus: self-custody, decentralization, and real utility.
VERSE will be delisted along the following schedule:
- Bitmart: Sep 19 at 10AM UTC
- MEXC: Sep 20 at 12PM UTC
- Kucoin: Sep 22
- Withdraw any VERSE that is held on a centralized exchange. You can of course hold your VERSE in the Bitcoin.com Wallet app, or any wallet that supports ERC20 tokens. Note that VERSE withdrawals from the above CEXs are open for two months after delisting.
- Deposit your VERSE to liquidity pools on https://verse.bitcoin.com/pools/eth/ to earn yield.
- Stake VERSE to earn Bitcoin, currently at 27% APY, at https://verse.bitcoin.com/earn-bitcoin/matic
- Vote on our next Verse Community Proposals, at https://vote.verse.bitcoin.com/.
- Your funds stay in your control. No more withdrawal freezes, arbitrary limits, or CEX-imposed fees — all VERSE activity happens on-chain, in self-custody.
- Healthier markets. By moving away from bot-driven CEX trading, price discovery becomes more organic and aligned with real community demand.
- Scarcity-driven value. With a significant supply burn on the horizon, every VERSE you hold represents a larger share of the ecosystem.
- More yield opportunities. On-chain pools and staking programs let you earn directly (in Bitcoin and other assets), without middlemen.
- Aligned incentives. Growth of VERSE now flows into the Bitcoin.com ecosystem — not into CEX order books — meaning stronger rewards and utility for committed holders.
By moving VERSE on-chain, we’re cutting through the noise of bot-driven trading and refocusing on what matters: a token built for people who believe in freedom, scarcity, and long-term adoption.
This is just the beginning. In the months ahead we’ll share details on supply burns, liquidity programs, and new ways to participate in the VERSE ecosystem.
The future of VERSE is scarce, Web3-native, and community-powered.
Stay tuned.
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