VeBetterDAO mainnet to enhance VeChain’s Web3 ecosystem

The forthcoming deliverance of VeBetterDAO mainnet will bring to the table further sustainability, along with enriching the Web3 ecosystem and its mass acceptance. This is slated for the 28th of June, 2024, eagerly awaited by the crypto community. 

The testnet phase of VeBetterDAO laid the path towards VeChain’s latest X-2 Earn dApp ecosystem, yet another landmark moment for the company. 

In the case of VeBetterDAO, it managed to rope in 18,000 B3TR holders and over 4,000 users, collectively bringing about 232,000 transactions. This speaks volumes regarding its success quotient. The company is all for backing developers in several ways, including offering grants up to $100,000 and DAO backing. 

The VeBetterDAO mainnet release will bring with it multiple features that will be incorporated to enhance governance overall. As per its white paper, these include added rewards in the form of heightened outflow of B3TR, along with the kick-starting of a year’s worth of tokenomic framework. Distributions towards dApps and voters will come with a 2 million B3TR pool, raising the reward amount for the connected community. 

Added to that will be the quadratic funding and voting for bringing about a transparent voting system, followed by suggestions on the governance of treasury, which will enable contributions to be made via VeBetterDAO governance dApp. 

VeChain intends to carry on making improvements on the VeBetterDAO platform, with the addition of fresh features in the forthcoming days. These will include s dApp registering authenticator, as well as staking schemes. 

VeChain has been responsible for creating VeChainThor, which is a prime smart contract base initiating real-time acceptance of blockchain technology, along with being involved in real-time asset tokenization.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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