VeChain has taken a significant step forward in its governance model with the introduction of the VeBetterDAO mainnet. This development opens the door for users to engage in pivotal voting campaigns that will influence the direction of the ecosystem.
**VeChain Announces VeBetterDAO Mainnet Availability**
The blockchain platform known for tokenizing real-world assets (RWA), VeChain, has made its VeBetterDAO mainnet accessible to users. Consequently, they now have the opportunity to exchange B3TR for VOT3 tokens, enabling them to take part in the inaugural mainnet voting session.
**B3TR to VOT3 Token Swap Commences on VeBetterDAO**
Following the successful launch of the much-awaited VeBetterDAO mainnet last Friday, users can now participate in the first voting session on the mainnet and potentially earn rewards for contributing to the platform’s future. It’s important to note that a user’s voting strength is proportional to the amount of VOT3 they hold. The weekly deadline for converting B3TR tokens into VOT3 is set for Sundays at 23:59 GMT.
**First Mainnet Voting Round Begins – Swap Your B3TR for VOT3 Now!**
With the activation of the VeBetterDAO mainnet, users are encouraged to swap their B3TR for VOT3 and join the first mainnet voting round to help shape the platform and earn rewards.
The token swap deadline for the upcoming voting round is every Sunday at 23:59 GMT.
**Voting Update and dApp Participation**
The initial voting round kicked off today, July 1, at 1:00 AM. Eight decentralized applications (dApps), including Cleanify, Mugshot, Green Ambassador Challenge, GreenCart, Book Club Non-Fungible (NFBC), Oily, EVearn, and Vylo, are vying for votes in this round. Currently, Cleanify leads with 187,200 votes, followed by Mugshot with 180,380 votes, while Vylo trails with 23,520 votes.
**VeBetterDAO’s Governance and Stabilization Period**
As outlined in its whitepaper, VeBetterDAO will adhere to a predefined governance framework for one year, provided there are no technical disruptions. This Stabilization Period is crucial for assuring VeBetterDAO’s effectiveness and sustainability over time.
**VeChain’s Vision for VeBetterDAO**
VeChain’s VeBetterDAO initiative aspires to establish a foundational Web3 platform for a diverse dApp ecosystem focused on sustainability. The goal is to attract both businesses and individuals to participate in impactful initiatives and innovative dApps.
**Sustainability: A Global Imperative**
Sustainability’s environmental, social, and economic dimensions are now a worldwide concern. The United Nations has set forth 17 Sustainable Development Goals (SDGs) covering these areas, and there is a growing push for companies to incorporate sustainable practices into their operations.
**VeChain Seizes the Moment with VeBetterDAO Mainnet**
The launch of the VeBetterDAO mainnet positions VeChain to capitalize on the merging paths of sustainability and blockchain technology, aiming to drive positive change, as reported by Crypto News Flash.
**Joining VeBetterDAO’s Governance**
To take part in governance, users must lock B3TR in a smart contract to obtain VOT3 tokens via the website: vebetterdao.org. With VOT3 in hand, users can evaluate various dApps on VeBetterDAO and allocate their tokens as they see fit.
**Voting Rewards and Participation Details**
Staked token holders are eligible for voting rewards distributed at the end of each voting cycle. To join the second voting round, users should exchange B3TR for VOT3 by Sunday, July 7, at 23:59 GMT. Only VOT3 tokens present in wallets by the deadline will qualify for voting in the next week’s round and for receiving B3TR token rewards.
**VeChain’s Native Token VET Shows Positive Market Movement**
The debut of the VeBetterDAO mainnet has seemingly fostered optimistic sentiment towards VeChain’s native token, VET. Currently, VET is valued at $0.02692, marking a 2.5% rise over the past day. Trading volume has climbed to $29.8 million, and the market capitalization stands at $2 billion.
**Explore More About VeChain**
– Guide to Buying VeChain (VET)
– Tutorial for VeChain (VET) Wallet
– Check VET’s 24-hour Price
– Latest News on VeChain
– Understanding VeChain
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