- VeChain’s VeBetterDAO mainnet launches June 28, promising enhanced governance and sustainability efforts.
- VeBetterDAO introduces quadratic voting, ensuring fair and democratic participation in governance proposals.
- The mainnet launch initiates B3TR token emissions, offering substantial rewards to engaged VeChain community members.
Blockchain researcher Collin Brown heralds a new era for sustainability with the launch of VeBetterDAO on VeChain’s testnet, emphasizing the role of Web3 technology in driving a greener future.
VeChain has confirmed the anticipated launch of VeBetterDAO’s mainnet, scheduled for June 28, 2024. This launch represents a notable milestone in technological advancement, driving global sustainability efforts, and empowering crypto communities.
The transition from testnet to mainnet will bring substantial improvements and innovations. The mainnet debut will accelerate efforts in sustainability and community empowerment, marking a pivotal moment in the Web3 landscape.
VeBetterDAO’s mainnet launch will introduce enhanced governance features. These new features aim to encourage new forms of participation, as detailed in the VeBetterDAO white paper. Additionally, the launch will initiate the full-scale emission of B3TR tokens, commencing a 12-year tokenomic structure. Weekly allocations to dApps and voters will begin with a 2 million B3TR pool, significantly increasing rewards for engaged community members.
Besides, VeBetterDAO will implement quadratic funding and voting mechanisms. This approach will create a fair voting environment and prevent large stakeholders from dominating the process. This will democratize the voting process, ensuring it is equitable for all participants.
Moreover, the new mainnet functionality will enable users to actively participate in Treasury proposals through the VeBetterDAO governance dApp. These proposals, addressing a wide range of purposes, will shape the growth and future of the VeBetterDAO ecosystem. To initiate a proposal, users must secure the endorsement of at least 2% of the circulating supply of B3TR tokens.
Once this threshold is met, the proposal will be posted on a dedicated forum on VeBetterDAO. Voters on these proposals will also be incentivized with additional rewards. More details on initiating governance proposals will be released closer to the mainnet launch.
As per the latest update, VeChain is priced at $0.027652, with a 24-hour trading volume of $36,136,459. VeChain is down 4.68% in the last 24 hours with a live market cap of $2,010,683,526. It has a circulating supply of 72,714,516,834 VET coins and a maximum supply of 86,712,634,466 VET coins.
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