VeChain embarks on a new journey towards sustainability with the introduction of VeBetterDAO to its ecosystem. The company aims to onboard one million active users while addressing sustainability concerns. With the global focus on achieving the United Nations’ 17 Sustainable Development Goals, sustainability has become a crucial topic across various sectors, including the economy, environment, and society.
Private enterprises are increasingly adopting sustainable practices to ensure ethical consumerism, shifting away from processes that harm business operations and embracing methods that leave a positive impact. Stakeholders have been calling for a technological solution to improve their practices and achieve sustainable development goals. In response, VeChain, a blockchain platform that enhances supply chain management and business processes, is launching VeBetterDAO. This initiative aims to make sustainability mainstream and create opportunities for collective sustainable actions.
As previously reported by Crypto News Flash, VeBetterDAO will leverage its utility token B3TR to incentivize sustainable actions. VeChain plans to reach one million active daily users in the next few years, with a target of onboarding one billion users by 2030. The vision is to reward millions of people daily in B3TR for contributing to a better world. As the ecosystem grows, new ways for users to spend and utilize their B3TR tokens will emerge, driving further adoption of VeChain.
VeBetterDAO will be unveiled in three phases: Pilot Show Alpha, Pilot Show Beta, and Go-Live Gala. Some aspects of the first phase have already gone live, and airdrops of B3TR tokens are expected, as explained by Crypto News Flash. The Alpha phase will involve play-testing various functions, while the Go-Live Gala phase will introduce new features such as the maturity of Galaxy Membership (GM) NFTs, automated staking programs, upgrades for X-2-Earn DApps, B3TR token minting and distribution, and automation of treasury and governance management.
The launch of VeBetterDAO will introduce two tokens, B3TR and VOT3, to power the ecosystem. VOT3 will serve as the governance token of VeBetterDAO, required for participation in governance events and staked to determine the allocation of newly minted B3TR tokens. VeChain sees VeBetterDAO as the next step in its sustainability journey, bringing to life the technical vision outlined in its ‘Web3 for Better’ whitepaper. Co-developed with the Boston Consulting Group, the whitepaper envisions advancing sustainability through Web3 tools and the ‘X-2-Earn’ strategy, where actions can be transformed into value through blockchain.
The announcement of VeBetterDAO has sparked strong interest among VeChain (VET) investors, leading to increased demand for the asset. In the past 24 hours, VET has surged by 2.4%, trading at $0.050457. The asset currently has a market cap of $3,637,384,233 and a bullish score of 96/100.