VeChain, the leading enterprise blockchain platform, has announced the upcoming launch of VeBetterDAO, a decentralized autonomous organization (DAO) designed to promote community engagement and sustainability initiatives. This ambitious project will be unveiled on June 30, coinciding with the VeChainThor mainnet anniversary.
VeBetterDAO will be introduced in three phases, starting with the Pilot Show Alpha: Testnet Take-off. During this phase, a defined quantity of B3TR tokens will be distributed through activities such as airdrops, community engagement, and testnet activities. Users will have the opportunity to play-test various functions and provide feedback to the development team. The B3TR tokens earned during this phase will carry over to the mainnet.
The second phase, Pilot Show Beta: Mainnet Blitz, will focus on further development and bug fixing based on the feedback received during the Alpha phase.
Finally, the Go-Live Gala phase will mark the official launch of VeBetterDAO. This phase will introduce several features, including the minting and distribution of the B3TR token, the ability to increase the maturity levels of the Galaxy Membership NFTs, and functionality upgrades for X-2-Earn DApps. Token staking programs, automation of treasury and governance management, and other improvements will also be implemented.
VeChain aims to incentivize sustainable actions using the B3TR token, with the goal of achieving a million active daily users in the coming years. By rewarding users for making positive contributions to the world, VeChain hopes to drive adoption and bring more value to its ecosystem.
The VeBetterDAO Galaxy Member (GM) NFT System will determine user privileges based on their level within the system. Higher levels will be rewarded more generously. To upgrade their GM NFT level, users will need to donate B3TR tokens to the Treasury. These donated assets will be used to support ecosystem growth. Initially, VeChain X-Nodes and Economic Nodes will receive higher rewards to recognize their important role in the VeChainThor governance. It will take time for users to accumulate enough B3TR tokens to unlock higher GM levels.
At the time of writing, VeChain was trading at $0.048729, representing a 0.64% decrease in the last 24 hours.
In conclusion, VeBetterDAO is an exciting project that aims to promote community engagement and sustainability within the VeChain ecosystem. Through the use of the B3TR token and the GM NFT system, VeChain hopes to incentivize positive actions and drive adoption. The official launch of VeBetterDAO on June 30 is eagerly anticipated by the VeChain community.