VeChain Announces VeBetterDAO Mainnet Launch
VeChain, a leading global entity in the blockchain sector, has announced the mainnet launch of its VeBetterDAO platform. This development follows the successful testnet launch, which saw significant engagement and activity, according to a blog post by the VeChain team.
About VeBetterDAO
VeBetterDAO is a decentralized autonomous organization (DAO) designed to facilitate the adoption of Web3, the next stage in the evolution of the internet. Over three months, the DAO platform saw the participation of 18,000 B3TR holders and more than 4,000 active users, who collectively generated over 232,000 transactions. These figures underscore the feasibility of using incentive-based, gamified applications to create real-world impact.
Mainnet Launch Details
The mainnet launch of VeBetterDAO is scheduled for June 28, 2024. The launch marks not only a technology upgrade but also a significant step forward for global action on sustainability, crypto communities empowerment, and widespread Web3 adoption. The team at VeChain believes that this initiative will lay the groundwork for their new ‘X-2-Earn’ decentralized application (dApp) ecosystem.
As part of the transition to the mainnet, VeBetterDAO will introduce new features designed to enhance governance and incentivize new forms of participation. These include increased rewards, quadratic funding and voting, and governance proposals on the treasury. The mainnet launch also signifies the start of its 12-year tokenomic structure, with a 2 million B3TR weekly allocation pool for dApps and voters.
VeBetterDAO’s Future Outlook
Following the mainnet launch, VeChain plans to introduce additional features to VeBetterDAO, such as a dApp listing validator mechanism, staking programs, and the ability to unlock higher tiers of GM NFTs. This is part of VeChain’s commitment to continually enhancing the VeBetterDAO platform, as outlined in the VeBetterDAO Whitepaper.
The mainnet launch of VeBetterDAO is a testament to VeChain’s continued efforts in driving innovation and adoption of blockchain technologies. As VeChain embarks on this new chapter, it invites the community to help shape the future of VeChain’s newest ecosystem and play a role in driving the evolution of mainstream Web3.
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