VeChain embarks on a new sustainability initiative with the introduction of VeBetterDAO to its ecosystem. The company aims to onboard one million active users while addressing sustainability concerns. In today’s world, sustainability has become a crucial topic, with countries striving to achieve the UN’s 17 Sustainable Development Goals in various areas, including the economy, environment, and society.
Private enterprises are also adopting sustainable practices by shifting away from processes that jeopardize business operations to methods that leave more sustainable blueprints for ethical consumers. Stakeholders have long been searching for an efficient technological tool to improve their practices and achieve sustainable development goals. In response to this demand, VeChain, a blockchain platform that enhances supply chain management and business processes, is launching VeBetterDAO to make sustainability mainstream and create opportunities for collective sustainable actions.
As previously reported, VeBetterDAO will utilize its utility token B3TR to incentivize sustainable actions. While addressing critical sustainability issues, VeChain aims to reach one million active daily users in the coming years and onboard around one billion users by 2030. Imagine a world where millions of people are rewarded daily with B3TR for making a positive impact. As the ecosystem grows, new ways for users to spend and utilize their B3TR tokens will emerge, driving greater adoption of VeChain. VeBetterDAO is a long-term strategy that connects VeChain to an essential aspect of our ever-evolving world.
VeBetterDAO will be introduced in three phases: Pilot Show Alpha, Pilot Show Beta, and Go-Live Gala. It is worth noting that certain elements of the first phase have already been implemented, with some B3TR tokens expected to be airdropped, as explained by Crypto News Flash. The Alpha phase will involve play-testing various functions, while the Go-Live Gala phase will introduce new features such as the maturity enhancement of Galaxy Membership (GM) NFTs, automated staking programs, upgrades for X-2-Earn DApps, B3TR token minting and distribution, and automation of treasury and governance management.
The report also reveals that VeBetterDAO will be powered by two tokens: B3TR and VOT3. VOT3 will serve as the governance token of VeBetterDAO, required for participating in governance events and staked to determine the allocation of newly minted B3TR tokens. VeChain sees VeBetterDAO as the next step in its sustainability journey, aligning with the technical vision outlined in its ‘Web3 for Better’ whitepaper. This whitepaper, co-developed with the Boston Consulting Group, outlines a mutual vision of advancing sustainability action through Web3 tools and the ‘X-2-Earn’ strategy, where actions can be transformed into value through blockchain.
Following this groundbreaking announcement, investors in VeChain (VET) have shown strong support, leading to increased demand for the asset. In the past 24 hours, VET has surged by 2.4%, currently trading at $0.050457. The asset currently holds a market cap of $3,637,384,233 and a bullish score of 96/100.