VeChain (VET) is on the cusp of a significant milestone with the upcoming mainnet launch of its highly anticipated VeBetterDAO project. Scheduled for June 28, 2024, VeBetterDAO promises to revolutionize Web3 governance and empower communities through innovative features and a focus on real-world impact.
Testnet Success Paves the Way for Mainnet
The recently concluded testnet phase exceeded expectations, boasting over 18,000 B3TR holders, 4,000 active users, and a staggering 232,000 transactions. These figures highlight the potential of gamified, incentive-based applications in driving real-world change.
VeChain emphasizes that VeBetterDAO is more than just a technological advancement. It’s a leap towards fostering Web3 adoption and promoting global sustainability. The project prioritizes community engagement and governance, underscoring VeChain’s commitment to real-world applications of blockchain technology.
The testnet phase concludes with the final voting round on June 16th, marking the official transition to the mainnet. Between June 17th and 22nd, users can claim their testnet rewards. The network will then be paused for a brief period before deployment on the VeChainThor mainnet on June 28th.
Seamless Token Transition and Voting Rounds
Holders of testnet tokens (B3TR, VOT3, and GM NFTs) will have their balances accessible on the mainnet starting June 28th. From then until June 30th, users can swap their mainnet B3TR for VOT3 tokens in preparation for the first voting round, which commences on July 1st. The first reward allocation for both project owners and voters will be available for claiming on July 8th.
The mainnet launch isn’t the finish line. VeChain is committed to continuous improvement. Plans are in place to introduce features like staking programs and a dApp listing validator mechanism to further incentivize participation and engage the community. These enhancements will expand VeBetterDAO’s capabilities and create a more robust ecosystem.
Also Read: VeChain Makes Bold Strides: MaaS Platform Unveiled, Targeting $16 Trillion Tokenization Market
VeChain’s dedication to progress extends beyond launch. The VeBetterDAO whitepaper outlines future updates, including staking programs and unlocking higher tiers of GM NFTs for increased rewards. This unwavering commitment to building a user-centric and engaging platform is evident.
HiVe 2.0 Summit: Highlighting Community and Innovation
Coinciding with the VeBetterDAO launch, VeChain’s HiVe 2.0 summit in San Francisco further emphasizes their focus on community engagement and innovation. The event will feature a co-branded hackathon with EasyA and BCG, solidifying VeChain’s position as a leader in blockchain advancement.
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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