VeChain, a leading global company in the blockchain sector, announced the mainnet launch of its VeBetterDAO platform. According to a blog post from the VeChain team, this development follows a successful testnet launch that saw significant participation and activity.
About VeBetterDAO
VeBetterDAO is a decentralized autonomous organization (DAO) designed to accelerate the adoption of Web3, the next step in the evolution of the Internet. In three months, the DAO platform had 18,000 B3TR holders and over 4,000 active users participating, generating a total of over 232,000 transactions. These numbers highlight the potential for using incentive-based, gamified applications to have real-world impact.
Mainnet launch details
VeBetterDAO’s mainnet launch is scheduled for June 28, 2024. This launch is not only a technology upgrade, but also represents a significant step forward for global action on sustainability, crypto community empowerment, and widespread Web3 adoption. The VeChain team believes that this initiative will lay the foundation for a new ‘X-2-Earn’. decentralized application (dApp) ecosystem.
As part of the transition to mainnet, VeBetterDAO will introduce new features designed to strengthen governance and encourage new forms of participation. This includes compensation increases, secondary funding and voting, and governance proposals for the Treasury. The mainnet launch also marks the beginning of a 12-year token economic structure with a weekly 2 million B3TR allocation pool for dApps and voters.
Future prospects of VeBetterDAO
After the mainnet launch, VeChain plans to introduce additional features to VeBetterDAO, such as a dApp list validation mechanism, a staking program, and the ability to unlock higher tiers of GM NFTs. This is part of VeChain’s efforts to continuously improve the VeBetterDAO platform, as described in the VeBetterDAO whitepaper.
The mainnet launch of VeBetterDAO is a testament to VeChain’s continued efforts to drive innovation and adoption of blockchain technology. As VeChain begins this new chapter, we invite the community to play a role in shaping the future of VeChain’s modern ecosystem and driving the evolution of mainstream Web3.
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