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VeChain (VET) community has officially endorsed the “VeBetter Proposal: Restoring the GM NFT System,” which aims to address critical flaws in the reward structure and revitalize user engagement. Initially proposed by a user known as Datab4Dishonor, the plan received overwhelming support and is now being implemented by the VeBetter developer team to restore balance within the system.
— VeChain (@vechainofficial) April 16, 2025
The proposal was triggered by concerns over the unintended consequences of switching from quadratic to linear voting. While this change helped prevent Sybil attacks, it inadvertently diluted individual voter influence and allowed certain decentralized applications (dApps) to game the system. As a result, the reward mechanism no longer recognized and incentivized sustainable user actions as originally intended.
To correct these issues, the VeBetter Proposal introduces three major changes. First, treasury allocations for weekly rewards will decrease from 20% to 15%, with the remaining 5% directed toward GM NFT holders who actively participate in weekly voting. Second, the cost of upgrading GM NFTs will be halved, incentivizing more users to elevate their rankings within the system.
However, these positive adjustments come with a slight delay. The release of the upcoming tiers, initially scheduled for April, has been pushed back by a month to ensure that the system is fully optimized. As such, the Jupiter tier will now launch in May, followed by Saturn in June, and the Uranus tier in August, with additional tiers rolling out later in the year.
Also Read: VeChain Bulls Signal Breakout Rally: Is $0.031 the Next Target for VET?
The revised reward system will now feature a weighted approach, where rewards are distributed proportionally to active participants. Higher-tier NFTs like Mercury and Moon will carry more value, addressing the previous issue of rewards being diluted across too many users. By incentivizing genuine engagement, this updated mechanism aims to combat manipulation and foster a more equitable environment for the VeChain community.
With these changes, VeChain is strengthening its commitment to a fair and sustainable ecosystem, ensuring the community’s efforts are properly recognized and rewarded.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
