VeChain’s VeBetterDAO testnet has been temporarily paused as the team prepares for the upcoming mainnet launch. The team plans to introduce several new features, including the dApp listing validators mechanism, in the post-migration era.
Preparations for the launch of VeChain’s VeBetterDAO on the mainnet are still underway as the team finalizes the last round of voting on the testnet and claims the remaining testnet rewards. The final snapshot of all testnet activities has been taken and the historic deployment of the VeChainThor mainnet is scheduled for June 28.
With only three days left, VeChain has paused the VeBetterDAO testnet in preparation for its launch on the VeChainThor mainnet. This pause is expected to last from June 23 to June 28. The question remains whether this launch will push VET and VTHO prices to new highs.
After the transition, important dates to note include the mainnet launch on June 28, where the balances of the testnet tokens will appear on the VeChainThor mainnet. Following the upgrade, all tokens will be in the form of B3TR, and the total balances of testnet B3TR and testnet VOT3 will be equivalent to the mainnet B3TR balances. Additionally, holders of GM NFTs will be able to access their tokens on the mainnet with the appropriate token ID.
The entire process, including voting rounds, reward allocations, and the mainnet transition, will continue until July 8, when project owners and voters can claim their first reward allocations. Users are scheduled to swap their B3TR for VOT3 from June 28 to June 30, and the first round of the mainnet voting will begin on July 1.
VeChain has stated that they will continue to introduce new features, such as the dApp listing validators mechanism, in the post-migration era. They are committed to enhancing the VeBetterDAO platform and plan to introduce staking programs and the ability to unlock higher tiers of GM NFTs for more rewards.
The mainnet launch of VeChain’s VeBetterDAO is expected to bring significant changes to governance and participation. The emission of B3TR will be fully implemented, marking the beginning of the 12-year tokenomic structure. Quadratic funding and voting mechanisms will be introduced to ensure a fair voting environment and prevent dominance by large stakeholders. This aims to democratize the voting process and create a level playing field for all participants.
Another change to expect is the introduction of governance proposals on the Treasury, allowing users to participate in Treasury proposals through the VeBetterDAO governance dApp. To initiate and qualify for voting, proposals must have the endorsement of at least 2% of the circulating supply of B3TR tokens. Once this requirement is met, proposals will be posted on various dedicated forums on VeBetterDAO.
Analysts anticipate a positive price reaction by VET and VTHO following the mainnet launch. At the time of writing, VET was trading at $0.025, with a 5.8% surge in the last 24 hours. VTHO was trading at $0.0024, with an 8% increase in the last 24 hours.