VeChain is gearing up for the highly anticipated launch of the VeBetterDAO mainnet, and experts are predicting a surge in the price of VET and VTHO.
The post-launch of the mainnet will bring quadratic funding and voting mechanisms to create a fair voting environment.
The countdown to the VeBetterDAO mainnet launch has investors and developers buzzing with excitement. The HiVE Summit and mainnet launch are just five days away, promising a firsthand look at a Web3 world powered by VeChain. Participants can register to attend the event and hear keynotes, gain new insights, and even snag some exclusive merchandise.
The manual claim of the remaining testnet rewards has been successfully completed with just a few days to go before the official deployment of the VeChainThor (VTHO) mainnet on June 28. The final snapshot of all activities was taken on June 23, signaling the conclusion of the testnet phase. Holders of testnet tokens B3TR, VOT3, and GM NFT will be able to see their balances on the mainnet on the same day.
Following the mainnet launch from June 28 to June 30, users will have the opportunity to swap the mainnet B3TR for VOT3 in preparation for the first round of voting on July 1. Project owners and voters can expect to receive their first rewards on July 8. The launch will also introduce new features, such as the dApp listing validator mechanism, in a phased manner.
But the excitement doesn’t end there. The VeBetterDAO platform will continue to evolve post-migration, introducing features like a dApp listing validator mechanism, staking programs, and the ability to unlock higher tiers of GM NFTs for greater participation rewards.
After the VeChain’s VeBetterDAO mainnet launch, users can expect to see improvements in governance and new incentives for participation. The full-scale emission of B3TR tokens on a 12-year tokenomic structure will provide dApps and voters with weekly allocations. The introduction of quadratic funding and voting mechanisms will ensure a fair and successful voting environment.
Analysts are already speculating about a potential price surge for VET and VTHO in anticipation of the mainnet launch and the upcoming HiVe Summit. At the time of writing, VET traded at $0.024, representing a 5.9% decline in the last 24 hours, while VTHO struggled to maintain support levels, declining by 7.9% to trade at $0.0022.
Exciting times are ahead for VeChain and its community as the mainnet launch approaches, promising new opportunities for governance and participation in the VeBetterDAO ecosystem.