VeBetterDAO, a sustainability-focused decentralized application (dApp) ecosystem, is set to revolutionize Web3, according to crypto analyst Mike Stoffer. Stoffer’s technical analysis predicts an upward trend for VeChain (VET), which has recently launched VeBetterDAO, a platform aimed at driving the adoption of Web3 technology and promoting sustainability.
VeBetterDAO is not just another addition to the blockchain landscape; it is poised to be the linchpin in Web3’s journey towards sustainability and inclusivity. The platform, along with its two new tokens, $B3TR and $VOT3, is designed to enable a cross-industry sustainability dApp ecosystem, incentivizing and rewarding user activities that contribute to good causes and the development of novel dApps.
VeChain’s initiative aligns with the United Nations’ 17 Sustainable Development Goals (SDGs), which cover economic, social, and environmental objectives. By integrating sustainability into their core operations, VeChain aims to foster innovation and promote sustainable practices among enterprises. The regulatory landscape increasingly favors businesses that prioritize sustainability, presenting VeChain with a golden opportunity to lead by example.
VeChain has set ambitious targets for the Web3 space, with a goal to reach one million active daily users in the near future and onboard a billion users by 2030. These targets are backed by the strategies outlined in the ‘Web3 for Better’ whitepaper, developed in collaboration with the Boston Consulting Group. The paper emphasizes the ‘X-2-Earn’ strategy, which leverages blockchain technology to transform user actions into tangible value.
The rollout of VeBetterDAO will occur in three phases. The Pilot Show Alpha phase will introduce select platform components and distribute B3TR tokens to early participants, seeding the initial user base and testing the platform’s capabilities. As VeChain moves towards the Go-Live Gala, new functionalities, including B3TR Token minting, enhanced Galaxy Membership (GM) NFTs, and advanced tools for X-2-Earn dApps, will be introduced. The full mainnet launch is scheduled for June 30th, 2024, coinciding with the VeChainThor blockchain’s birthday.
In the midst of these developments, crypto analyst Mike Stoffer has identified an inverse Head & Shoulders pattern in VeChain’s technical charts, suggesting potential upward movement for VET. This provides a bullish outlook for VeChain, indicating potential gains for investors and traders. Currently, VET has experienced significant gains in the last 7 days, rising by 21.54% and showing a 5.89% increase in the last 24 hours, reaching $0.051.
VeChain, with its sustainability-focused initiatives and technical strategies, is positioning itself as a key player in the Web3 revolution.