VeChain Announces VeBetterDAO Mainnet Launch

VeChain,
a
leading
global
entity
in
the
blockchain
sector,
has
announced
the
mainnet
launch
of
its
VeBetterDAO
platform.
This
development
follows
the
successful
testnet
launch,
which
saw
significant
engagement
and
activity,
according
to
a

blog
post
by
the
VeChain
team.

About
VeBetterDAO

VeBetterDAO
is
a
decentralized
autonomous
organization
(DAO)
designed
to
facilitate
the
adoption
of
Web3,
the
next
stage
in
the
evolution
of
the
internet.
Over
three
months,
the
DAO
platform
saw
the
participation
of
18,000
B3TR
holders
and
more
than
4,000
active
users,
who
collectively
generated
over
232,000
transactions.
These
figures
underscore
the
feasibility
of
using
incentive-based,
gamified
applications
to
create
real-world
impact.

Mainnet
Launch
Details

The
mainnet
launch
of
VeBetterDAO
is
scheduled
for
June
28,
2024.
The
launch
marks
not
only
a
technology
upgrade
but
also
a
significant
step
forward
for
global
action
on
sustainability,
crypto
communities
empowerment,
and
widespread
Web3
adoption.
The
team
at
VeChain
believes
that
this
initiative
will
lay
the
groundwork
for
their
new ‘X-2-Earn’





decentralized
application
(dApp)
ecosystem.

As
part
of
the
transition
to
the
mainnet,
VeBetterDAO
will
introduce
new
features
designed
to
enhance
governance
and
incentivize
new
forms
of
participation.
These
include
increased
rewards,
quadratic
funding
and
voting,
and
governance
proposals
on
the
treasury.
The
mainnet
launch
also
signifies
the
start
of
its
12-year
tokenomic
structure,
with
a
2
million
B3TR
weekly
allocation
pool
for
dApps
and
voters.

VeBetterDAO’s
Future
Outlook

Following
the
mainnet
launch,
VeChain
plans
to
introduce
additional
features
to
VeBetterDAO,
such
as
a
dApp
listing
validator
mechanism,
staking
programs,
and
the
ability
to
unlock
higher
tiers
of
GM
NFTs.
This
is
part
of
VeChain’s
commitment
to
continually
enhancing
the
VeBetterDAO
platform,
as
outlined
in
the

VeBetterDAO
Whitepaper.

The
mainnet
launch
of
VeBetterDAO
is
a
testament
to
VeChain’s
continued
efforts
in
driving
innovation
and
adoption
of
blockchain
technologies.
As
VeChain
embarks
on
this
new
chapter,
it
invites
the
community
to
help
shape
the
future
of
VeChain’s
newest
ecosystem
and
play
a
role
in
driving
the
evolution
of
mainstream
Web3.

Image
source:
Shutterstock

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