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- VeChain starts another journey towards sustainability with the introduction of VeBetterDAO into the ecosystem.
- According to VeChain, it plans to onboard a million active users while addressing all the sustainability concerns.
Sustainability has become an important subject in our environment with countries working tirelessly to achieve the 17 Sustainable Development Goals by the UN. Interestingly, this cut across several areas including economic, environmental, social, etc.
Private enterprises have also turned to sustainable practices such as moving away from processes that jeopardize ways of carrying out business operations to methods that leave tremendous blueprints more sustainably by ethical consumers.
Over the years, stakeholders have been calling for an efficient technological tool that could improve their practices to achieve sustainable development goals. In response, a blockchain platform that improves supply chain management and business processes, VeChain (VET), is launching VeBetterDAO to take sustainability mainstream by creating opportunities for values of collective sustainable actions.
Expanding on what was earlier reported by Crypto News Flash, VeBetterDAO would leverage its utility token B3TR to incentivize sustainable actions. While solving critical sustainable problems, VeChain states that it aims to reach a million active daily users in the next few years. Its target by 2030 is to onboard about a billion users.
Imagine a world where millions of people are rewarded daily in B3TR for making the world a better place. As the ecosystem grows, new ways for users to spend and use their B3TR will emerge, bringing more adoption to VeChain. VeBetterDAO is a long-term play that plugs VeChain into a vital aspect of our ever-evolving world.
VeBetterDAO Will be Unveiled in Three Phases
According to an official release by the team, VeBetterDAO would be released in three phases – Pilot Show Alpha, Pilot Show Beta, and Go-Live Gala. It is important to note that certain elements of the first phase have gone live with some amounts of B3TR tokens expected to be airdropped as explained by Crypto News Flash.
In the Alpha phase, several functions would be play-tested by users. The ‘Go-Live Gala’ phase would also see the introduction of new features including “increase maturity of Galaxy Membership (GM) NFTs, automated staking programs, tools and functionality upgrades for X-2-Earn DApps, B3TR Token minting and distribution, and automation of treasury and governance management.”
The report further discloses that the launch of VeBetterDAO would see two tokens – B3TR and VOT3 powering the ecosystem. VOT3 is said to be a governance token of the VeBetterDAO and would be required to participate in governance events, and staked to determine the allocation of newly minted B3TR tokens. According to VeChain, VeBetterDAO marks the next step in its sustainability journey.
The launch of VeBetterDAO marks the start of the next chapter in our sustainability journey, bringing to life the technical vision outlined in our ‘Web3 for Better’ whitepaper. Co-developed with the Boston Consulting Group, the whitepaper details a mutual vision of advancing action on sustainability with Web3 tools, driven by the ‘X-2-Earn’ strategy, where actions can be transformed into value, through blockchain.
In response to this groundbreaking announcement, VeChain (VET) investors have moved in strongly as they increase demand for the asset. In the past 24 hours, VET has surged by 2.4%, trading at $0.050457. The asset currently has a market cap of $3,637,384,233 and a bullish score of 96/100.
