VeChain has recently unveiled some key dates for the upcoming mainnet launch slated for June 28th. As per a post on X, the final opportunity to claim rewards will be available from June 17th to June 22nd, followed by the initial mainnet voting on July 1st.
VeChain’s VeBetterDAO recently wrapped up its 12th round of voting with the participation of 2,200 individuals. This initiative, as previously covered by Crypto News Flash, aimed to distribute 67,000 B3TR tokens across 7 decentralized applications. The transition to the mainnet is expected to bring in new features to enhance governance and incentivize various forms of participation.
Moreover, this significant upgrade signifies a step towards global sustainability efforts and empowerment of the crypto community. The launch of VeBetterDAO’s mainnet on June 28, 2024, signifies a pivotal moment for sustainability, crypto communities, and Web3 adoption.
Key Dates for VeChain’s VeBetterDAO Mainnet Launch have been outlined. The final window to claim testnet rewards is from June 17th to June 22nd, with the final snapshot of testnet token activities on June 23rd. The testnet will be paused from June 23rd to June 28th in preparation for deployment. On June 28th, testnet token holders will see their assets reflected on the VeChainThor mainnet.
After the transition, all tokens will be in the form of B3TR. From June 28th to June 30th, mainnet B3TR swapping for VOT3 will be encouraged in anticipation of the first voting round on July 1st. Only VOT3 tokens swapped before the round commencement will be eligible for the first round of weekly B3TR rewards.
The mainnet launch will introduce new functionalities, including the full-scale emission of B3TR and the commencement of a 12-year tokenomic structure. A 2 million B3TR pool will be allocated for weekly DApp rewards. The transition will also provide a fair voting environment, prevent stakeholder dominance, and enable participation in Treasury proposals via the VeBetterDAO governance dApp.
At present, VET is trading at $0.02, showing a 3% surge in the last 24 hours. Stay tuned for updates on VeChain as the mainnet launch approaches.