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VeChain’s VeBetterDAO Secures Historic Partnership with Molino Bruno

John KumiBy 0Edited by John Kiguru 12. July 20243 Mins Read
Vechain
  • One of the several dApps on VeChain’s VeBetterDAO platform has secured a partnership deal with Molino Bruno, positioning it as the first to do so. 
  • VeBetterDAO adoption increases steadily as Japan leads with 3,496 unique users, followed by the US. 

VeBetterDAO’s GreenCart has announced a strategic partnership with renowned Italian company Molino Bruno, becoming the first Decentralized Application (dApp) on the sustainability platform to secure such a high-profile collaboration. 

Congrats, @greencart_vet on securing a partnership with Molino Bruno! By tokenizing & rewarding IRL sustainable actions, VeBetterDAO creates new opportunities for Web3-powered business ecosystems. Grab the https://t.co/jxKfLbLfNz wallet & visit: https://t.co/B5BObeZXLm$VET https://t.co/96txGBp5ss— VeChain (@vechainofficial) July 11, 2024

VeBetterDAO was unveiled in February this year as a new sustainability platform with two new tokens – B3TR and VOT3. As reported by CNF, the platform was built to ensure that a cross-industry sustainability dApp ecosystem is enabled to boost the adoption of Web3 tech across enterprises and individuals. To mark this groundbreaking initiative, a testnet of VeBetterDAO was launched with a series of airdrop campaigns. 

VeBetterDAO is the evolution of our Web3 for Better whitepaper, launched last year in collaboration with Boston Consulting Group, and sees #VeChain begin a new phase in driving the mass adoption of blockchain technology. To kick off the Testnet launch of VeBetterDAO, we’re launching a series of airdrop campaigns to get $B3TR tokens in your hands, allow you to engage with the platform and join our new journey.

Later, a smooth transition to the mainnet was executed with several other activities highlighted by Crypto News Flash. Currently, this initiative is experiencing a jaw-dropping adoption rate in Japan. 

Adoption of VeBetterDAO by Countries

According to data, Japan leads the VeBetterDAO global adoption with 3,496 unique users engaging the platform over the past seven days. The United States ranks second, contributing 1,594 unique users followed by Vietnam which also has 1,069 unique users. Regardless of this, some crypto commentators have raised concerns about low engagement numbers as Germany and the Netherlands contribute between 651 and 544 unique users respectively. 

Beyond the top five countries, South Korea, Italy, the United Kingdom, and Sweden have each contributed unique users of between 224 and 492. Countries including France, Taiwan, Spain, Turkey, and Canada have also contributed 100 to 200 unique users each. Per the data, Australia, Belgium, Indonesia, Poland, India, China, and Brazil contributed between 90 and 130 users each while Finland, Singapore, Thailand, Hong Kong, Malaysia, Austria, Ireland, Nigeria, Russia, the Philippines, Bulgaria, and Slovakia had fewer than 80 users engaging on the platform. 

According to analysts, the native token of VeChain, VET, is set to react to this development with an upsurge as analyst EGRAG highlights a potential bullish trend.

Using the wave analysis, EGRAG observes that VET is almost at the point of corrective wave two, ready to enter wave three. The third phase is marked as the most explosive and strongest. According to the analyst, the price could reach between $1.5 and $1.8 in wave three. At press time, VET was trading at $0.025 after surging by 1.7%. 

 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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