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<div class="article__lead-info">Vladislav Sopov <p>CEX Training Program designed to reward collapsed CEX victims with VERSE, native token of Bitcoin.com's new pockets</p> </div> </div><div> <div class="article__contents"> <p>Contents</p> <ul class="article__contents-list"><li class="article__contents-item">Bitcoin.com declares CEX Training Program with VERSE rewards</li><li class="article__contents-item">Introducing self-custody to new technology of customers</li></ul></div><p>Heavyweight cryptocurrency ecosystem Bitcoin.com declares a novel program to introduce noncustodial blockchain companies to everybody who was in some way affected by CEX collapses collection.</p> <h2 id="h20">Bitcoin.com declares CEX Training Program with VERSE rewards</h2> <p>In accordance with the official announcement shared by Bitcoin.com portal, its staff launched a CEX Training Program, an initiative designed to reward all victims of current centralized change collapses. VERSE, a core asset of the upcoming Bitcoin.com pockets, will underpin the economics of the initiative.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Victims of failed centralized entities like FTX can be eligible to say a reward from the CEX Training Program by signing up at https://t.co/4nrJeSywoo.</p><p>We'll proceed to help victims and incentivize them to onboard to self-custodial merchandise.https://t.co/fcMSayghmV</p> — Bitcoin.com (@BitcoinCom) <a target="_blank" rel="nofollow noopener" href="https://twitter.com/BitcoinCom/status/1594225415828410368?ref_src=twsrc%5Etfw">November 20, 2022</a></blockquote> <p>To launch this program, Bitcoin.com allocates 5% of the aggregated VERSE provide. The token can be activated as quickly as December 2022. With a purpose to declare the tokens, customers are invited to signal up at getverse.com, a purpose-made web site by Bitcoin.com.</p> <p>Moreover 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 companies.</p> <p>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 buyers:</p> <blockquote> <p>With slick UX, logos on sports activities stadiums, Matt Damon commercials, Tom Brady endorsements, and large "assured" returns, the lure of CeFi is powerful. However as we have seen, lack of transparency within the centralized mannequin, whether or not it's in crypto or tradfi, is an enabler for the gross mismanagement of buyer funds and, in some circumstances, blatant fraud.</p> </blockquote> <p>Moreover compensations, this system can also be designed to reveal the alternatives that decentralized companies can unlock for common customers of cryptocurrencies in 2022.</p> <h2 id="h31">Introducing self-custody to new technology of customers</h2> <p>Additionally, VERSE tokens can be used to inspire the customers of VERSEDEX for any form of buying and selling, lending and staking exercise on every supported blockchain.</p> <p>As coated by U.Immediately beforehand, Bitcoin.com ecosystem helps over 100 Ethereum-based ERC-20 tokens. Additionally, it lately built-in the most overhyped "Ethereum killer," Avalanche (AVAX).</p>
<p>VERSE itself can be an ERC-20 token. In whole, 210 billion tokens can be minted; the method of VERSE token launch will take seven years.</p> <p>As talked about in its whitepaper, VERSE can be distributed to energetic contributors to the Bitcoin.com ecosystem and seasoned customers of its numerous companies.</p> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiXWh0dHBzOi8vdS50b2RheS9jZXgtZWR1Y2F0aW9uLXByb2dyYW0tbGF1bmNoZWQtYnktYml0Y29pbmNvbS1hcy1jZW50cmFsaXplZC1zZXJ2aWNlcy1jb2xsYXBzZdIBYWh0dHBzOi8vdS50b2RheS9jZXgtZWR1Y2F0aW9uLXByb2dyYW0tbGF1bmNoZWQtYnktYml0Y29pbmNvbS1hcy1jZW50cmFsaXplZC1zZXJ2aWNlcy1jb2xsYXBzZT9hbXA?oc=5">Source link </a>