VeChain’s VeBetterDAO mainnet launch is on the horizon, and experts are predicting a potential surge in the prices of VET and VTHO.
The upcoming mainnet launch will bring quadratic funding and voting mechanisms to ensure a fair voting environment.
VeChain (VET) is generating excitement with the upcoming VeBetterDAO mainnet launch countdown, marking a significant milestone that is garnering attention from investors and developers.
The HiVE Summit and VeBetterDAO mainnet launch are just five days away!
Join us for an exclusive look at a Web3 world powered by VeChain. Secure your spot to hear insightful keynotes, gain new perspectives, and rumor has it there will be some fantastic merchandise.
With only a few days left, the manual claim process for the remaining testnet rewards has already been completed, and a final snapshot of all activities was taken yesterday, June 23. As previously reported by Crypto News Flash, the VeBetterDAO testnet has been paused in preparation for the official deployment of the VeChainThor (VTHO) mainnet on June 28. On the same day, holders of testnet tokens B3TR, VOT3, and GM NFT will be able to see their balances on the mainnet.
From June 28 to June 30, users can swap the mainnet B3TR for VOT3 in preparation for the first round of voting on July 1. Project owners and voters are also set to receive their first rewards on July 8. Following the completion of the launch, new features such as the dApp listing validator mechanism will be gradually introduced.
The excitement doesn’t stop at the mainnet launch! As outlined in the VeBetterDAO Whitepaper, we are dedicated to continually enhancing the VeBetterDAO platform. After the migration, new features such as a dApp listing validator mechanism, staking programs, and the ability to unlock higher tiers of GM NFTs to earn even more rewards from participation will be introduced.
Expected Introductions after VeChain’s VeBetterDAO Mainnet Launch
Prior to the start of this entire process, VeBetterDAO concluded its 12th round of voting with 2,200 participants. The last round was wrapped up on June 16, pending the official transition to the mainnet.
The upcoming changes are expected to include enhanced governance and incentivizing new forms of participation. Additionally, there will be a full-scale emission of B3TR on a 12-year tokenomic structure, allowing dApps and voters to access weekly allocations.
Quadratic funding and voting mechanisms will also be introduced to ensure a successful and fair voting environment. VeChain will also announce Governance Proposals on the Treasury to ensure that users can participate in Treasury proposals through the VeBetterDAO governance dApp. However, proposals will need to receive an endorsement of at least 2% of the circulating supply of the B3TR tokens to qualify for voting.
Once the proposal reaches this threshold, it will be posted to a dedicated forum on VeBetterDAO. Individuals who vote on these proposals will be incentivized through additional rewards. Details on how to initiate the governance proposals for VeBetterDAO will be released closer to the mainnet launch.
With the mainnet launch and the upcoming HiVe Summit just around the corner, analysts have hinted at a potential price surge for VET and VTHO. At the time of writing, VET traded at $0.024 after a 5.9% decline in the last 24 hours.
VTHO also struggled to sustain itself above a crucial support level, declining by 7.9% in the last 24 hours to trade at $0.0022.