Hi everyone, here is the TLDR of the announcement:.
24 May 2023, 01:45
Hi everyone, here is the TLDR of the announcement:
Over the last two years we’ve built out infrastructure assets as part of the Verso roadmap, but we haven’t been able capitalize on it for a variety of reasons (see announcement). Moving forward we will combine assets and join forces with Wallet Engine (a wallet infrastructure provider affiliated with the same team) to power money transfers on social apps. This consists of an end-to-end routing network, incl. offramps, onramps and fiat-to-fiat rails. Starting immediately, we will commence rebranding to TransferMole while putting the last bolts on the MVP. The service will start on Instagram and enable people to send and receive money based on their Instagram handle (SWIFT for social apps).
TransferMole will issue its own token (working name: $Mole) once the platform has achieved product-market fit. In the interim, we will replace $VSO with $BabyMole, a transition token granting the right to exchange $BabyMole to $Mole at TGE. $BabyMole will be airdropped to all $VSO holders in July based on a snapshot taken between 1-30 June.
Happy to answer questions during the AMA this Friday.