VeBetterDAO, a new addition to the VeChainThor ecosystem, is set to revolutionize the Web3 landscape with its sustainability-focused dApp ecosystem. It aims to be the linchpin in Web3’s journey towards sustainability and inclusivity. VeChain has officially announced the launch of VeBetterDAO, along with two new tokens – $B3TR and $VOT3.
VeBetterDAO is designed to be the enabler of a cross-industry sustainability dApp ecosystem, driving the adoption of Web3 technology. The project aligns with the United Nations’ 17 Sustainable Development Goals (SDGs) and aims to create a platform that fosters innovation and promotes sustainable practices among enterprises.
VeChain’s ambitious targets include reaching one million active daily users in the near future and onboarding a billion users by 2030. To achieve this, the project has developed the ‘Web3 for Better’ whitepaper in collaboration with the Boston Consulting Group, which outlines the technical strategies to transform user actions into tangible value through blockchain technology.
The launch of VeBetterDAO will occur in three phases. The Pilot Show Alpha phase will see select platform components go live, and B3TR tokens will be distributed to early participants. This phase is crucial for seeding the initial user base and testing the platform’s capabilities. As VeChain moves towards the Go-Live Gala, new functionalities will be introduced, including B3TR Token minting, enhanced Galaxy Membership (GM) NFTs, and advanced tools for X-2-Earn dApps. The full mainnet launch is scheduled for June 30th, 2024.
In addition to these developments, crypto analyst Mike Stoffer has identified a bullish pattern in VeChain’s technical charts. He has observed an inverse Head & Shoulders pattern within a clear bull flag on the 4-hour VeChain (VET) chart, suggesting potential upward movement for the cryptocurrency.
At the time of writing, VET has experienced significant gains in the last 7 days, rising by 21.54%. In the last 24 hours, it has risen by 5.89% to $0.051.
Overall, VeBetterDAO and the VeChainThor ecosystem are poised to make a significant impact on the Web3 space, with a focus on sustainability and inclusivity. The project’s goals align with the United Nations’ SDGs, and its technical strategies aim to transform user actions into tangible value through blockchain technology. With a bullish market outlook and recent price gains, VeChain shows promise for investors and traders.