VeChain, the leading enterprise blockchain platform, has announced the upcoming launch of VeBetterDAO, a Decentralized Autonomous Organization (DAO) aimed at promoting community engagement and driving sustainability initiatives. The launch of VeBetterDAO will take place in three phases, with the final phase, the Go-Live Gala, occurring on June 30, coinciding with VeChainThor’s mainnet anniversary.
VeBetterDAO will introduce several features and functions throughout the three phases. Two main tokens, VOT3 and B3TR, have been introduced for effective implementation. VOT3 serves as a governance token, allowing holders to vote on proposals and earn rewards by staking. B3TR powers the entire DAO, supporting innovation, incentivizing participation, and promoting eco-friendly projects.
The initial phase, the Pilot Show Alpha, began at the end of February, during which a defined quantity of B3TR tokens were distributed through activities such as airdrops, community engagement, testnet activities, and seeding initial users. Users participating in the Alpha phase have the opportunity to play-test various functions and provide feedback, while the development team can introduce new features and address bugs. The B3TR tokens earned during this phase will carry over to the mainnet.
The official launch of VeBetterDAO will occur during the Go-Live Gala phase on June 30. This phase will introduce several features, including the minting and distribution of the B3TR token, increased maturity levels for the Galaxy Membership (GM) NFTs, upgrades for X-2-Earn DApps, token staking programs, and automation of Treasury and Governance management.
VeChain aims to utilize the B3TR token to incentivize sustainable actions and hopes to achieve a million active daily users in the coming years. The VeBetterDAO Galaxy Member (GM) NFT System will use an upgradeable NFT system to determine user privileges and rewards. To upgrade the GM NFT, users will need to donate B3TR tokens to the Treasury, which will be used to support ecosystem growth. The GM levels will be unlocked progressively, allowing users time to accumulate the necessary B3TR tokens for upgrades.
At the time of writing, VeChain is trading at $0.048729, with a 0.64% decrease in the last 24 hours. VeChain continues to make strides in the blockchain industry, and the launch of VeBetterDAO is expected to further drive adoption and engagement within the VeChain ecosystem.