VeBetterDAO, the ecosystem on the VeChain network that focuses on promoting sustainable actions and assets, has received its first-ever proposal from a community member. This proposal aims to introduce transparency into the distribution and use of B3TR tokens on the VeChain ecosystem. The proposal has gathered the required 275,000 VOT3 tokens to proceed to the next stage, and the voting process is set to begin in four days.
Since its mainnet launch just three weeks ago, VeBetterDAO has been actively engaging its community in its governance. Through proposals, community members can voice their opinions and contribute to the decision-making process. One of the community members, known as Dudoso, has submitted the first proposal on the ecosystem.
Dudoso’s proposal focuses on B3TR tokens and suggests that all dApps on VeBetterDAO should integrate a transparent tracker that provides real-time insights into the distribution of these tokens. By doing so, both dApps and users will have a clear understanding of how B3TR tokens are distributed and used to drive sustainable actions within the ecosystem. The proposed tracker will display the total number of B3TR tokens distributed, the remaining undistributed tokens, and any tokens reserved for future or internal use. This level of transparency not only promotes accountability but also enables users to choose dApps that offer the best rewards, as the data will be publicly available.
While this proposal introduces significant benefits, it also comes with its risks. One concern is that dApps may lie or misrepresent the tokenomics, including the number of tokens they have distributed to users. However, the proposer suggests mitigating this risk by requiring dApps to provide their VeChain wallet addresses. Since the VeChainThor network is publicly accessible and immutable, any deceptive actions by dApps can be easily detected.
Dudoso believes that by creating transparency between dApps and users, VeBetterDAO can become a hub for social and sustainable change. Implementing these measures at an early stage is crucial to prevent any manipulation or exploitation of the current system.
The proposal has already garnered the necessary 275,000 VOT3 tokens from 67 users to proceed to the next stage. These tokens can be reclaimed by the users once the proposal enters the next stage, regardless of its outcome.
VeBetterDAO is just one of the many successful platforms on the VeChain network. The network’s integration into real-world use cases, such as real estate, sustainable shopping, fan engagement, and tokenization, is expanding rapidly.
As for VeChain’s native token, VET, it is currently trading at $0.03103, experiencing a 4.2% dip in the past day after a strong week where it reached its highest price in five weeks.