VeChain (VET) is taking a major leap forward with the upcoming mainnet launch of its VeBetterDAO project, scheduled for June 28th, 2024. This initiative goes beyond a simple technology upgrade, aiming to empower crypto communities, promote real-world sustainability action, and drive Web3 adoption.
VeBetterDAO’s testnet launch has already yielded impressive results, exceeding expectations with over 18,000 B3TR token holders, 4,000 active users, and a staggering 232,000 transactions generated. These figures highlight the potential of using gamified, incentive-based applications to create a positive impact on the real world.
The project prioritizes fostering a strong, engaged community. As highlighted by VeChain, VeBetterDAO represents a significant step towards empowering crypto communities and enhancing governance opportunities within the Web3 space.
Mainnet Timeline and Key Dates
- June 16th: Final round of voting on the testnet, marking its completion and the transition to mainnet.
- June 17th-22nd: Window for manually claiming testnet rewards.
- June 23rd-28th: VeBetterDAO testnet paused for deployment on the VeChainThor mainnet.
- June 28th: Testnet token holders gain access to their balances on the mainnet.
- June 28th-30th: Users can swap mainnet B3TR for VOT3 tokens in preparation for the first voting round on June 30th.
- July 1st, 00:00 UTC: The first round of mainnet voting commences.
- July 8th: First project owner and voter reward allocation becomes claimable.
New Features and Continuous Improvement
The excitement doesn’t stop at launch. VeBetterDAO’s developers pledge ongoing innovation, with plans to introduce features like staking programs and a dApp listing validator mechanism to further incentivize participation and enhance governance.
Also Read: VeChain Makes Bold Strides: MaaS Platform Unveiled, Targeting $16 Trillion Tokenization Market
VeChain HiVe 2.0 Summit and Beyond
VeChain’s commitment to progress extends beyond VeBetterDAO. The upcoming HiVe 2.0 summit in San Francisco alongside a co-branded hackathon with EasyA and BCG signifies a continued push for collaboration and advancement within the blockchain industry.
VeChain (VET) Price Update
While the news surrounding VeBetterDAO is positive, it’s important to note that the price of VET, VeChain’s native token, has experienced a decline in recent times. At the time of writing, VET is trading at $0.036, down 0.9% in the last 24 hours and 21% in the last 90 days.
The upcoming launch of VeBetterDAO marks a significant milestone for VeChain. This project embodies the company’s dedication to driving sustainability initiatives, empowering communities, and fostering Web3 adoption. With a successful testnet phase and a commitment to continuous improvement, VeBetterDAO has the potential to make a lasting impact on the blockchain landscape.
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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