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VeChain has introduced the VeBetterDAO Visa Card User Incentive Program to enhance the real-world usability of its B3TR token. The initiative offers rewards to early adopters and aims to expand the adoption of VeChain’s blockchain technology.
Incentive Program Details
VeChain proposes allocating 1,000,000 B3TR tokens from the VeBetterDAO Treasury to reward early users of the VeBetterDAO Visa Card. The first 5,000 users who activate their cards will receive 200 B3TR tokens each, credited directly to their Visa card accounts. To obtain the card, users need to cover an issuance fee of approximately $30. The program is designed to encourage widespread adoption and usage of the card.
Visa Card Features
The VeBetterDAO Visa Card allows users to make regular purchases using VeChain’s gas fee token (VTHO) and native token (VET). Holders of B3TR tokens can participate in governance by exchanging them for VOT3 tokens, which are used for decision-making within the VeBetterDAO ecosystem. This integration aims to make cryptocurrency spending more accessible and practical for everyday transactions.
Also Read: VeChain’s New Era: How Staking VET Empowers You to Secure and Grow the Network
Community Engagement and Global Expansion
The initiative has garnered significant support from the VeChain community, particularly in Japan, where over 3,500 users joined within a week of the announcement. VeChain’s partnership with Vyvo Smart Chain further expands the program’s reach, integrating health and wellness monitoring with B3TR token rewards. This collaboration exemplifies VeChain’s commitment to promoting sustainable and healthy lifestyles through blockchain technology.
Regulatory Compliance and Market Performance
VeChain has achieved compliance with the European Union’s Markets in Crypto-Assets (MiCAR) framework, ensuring that VET and VTHO meet regulatory standards for operations within EU member states. Following the announcement, VET experienced an 8.54% surge, reaching $0.02121. However, its trading volume saw a 32% decline, indicating shifting market dynamics as investors anticipate upcoming developments.
VeChain’s introduction of the VeBetterDAO Visa Card and its associated incentive program represent significant steps toward enhancing the practical use of cryptocurrencies in daily life, fostering community engagement, and expanding global adoption of blockchain technology.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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