VeChain’s VeBetterDAO mainnet voting is now live, enabling users to participate in decision-making and platform development. This development, alongside the VeChain mainnet launch and HiVe Summit, has led to a 2.2% increase in the VET token, boosting investor confidence and market performance.
VeBetterDAO’s focus on sustainability is driving adoption through projects such as Vyvo Smart Chain, Cleanify, and MugShot, which incentivize healthy habits.
VeChain Launches First Voting Round on VeBetterDAO Mainnet
The first round of voting on the VeBetterDAO mainnet is now live, as announced by VeChain on the X platform. This milestone marks an important step in the platform’s development, allowing users to participate in decision-making processes. While the announcement did not detail the voting process or outcomes, further updates are expected soon.
Source: X
Recently, the manual claim of remaining testnet rewards was completed, and a final snapshot of all activities up to June 23 was taken. In preparation for the VeChainThor (VTHO) mainnet deployment on June 28, the VeBetterDAO testnet was paused. On the same day, holders of testnet tokens B3TR, VOT3, and GM NFT observed their balances being transferred to the mainnet.
From June 28 to June 30, users had the opportunity to exchange their mainnet B3TR tokens for VOT3, gearing up for the first voting round starting July 1. Both project owners and voters are set to receive their initial rewards on July 8. Following the launch, new features, including a dApp listing validator mechanism, will be introduced incrementally.
VeChain Expands Token Support and Celebrates Mainnet Launch
VeChain has recently announced support for its token on various platforms, including bridge.vet, swap.vechain.energy, and VTHO.exchange. These platforms enable cross-chain transactions, dollar-cost averaging with VTHO generation, and token swaps based on user preferences.
To celebrate the mainnet launch, VeChain has initiated a Gleam campaign offering $VET branded Tangem wallets and UFC tickets as prizes. This campaign coincides with the upcoming HiVe Summit. In response to these developments, VeChain’s VET token has experienced a 2.2% increase, trading at $0.02671 and extending its weekly gains by 3%. With a market cap of $2.1 billion, VET currently ranks 49th in the market. The mainnet launch is expected to drive further price increases, with investors anticipating a breakout from key resistance levels.
VeBetterDAO is gaining traction among projects focused on sustainability within the modern economy. For example, the Vyvo Smart Chain utilizes the $B3TR token to reward users for health monitoring, encouraging healthy lifestyles through the Health Index.
Other notable applications include Cleanify, which rewards users for environmental cleanliness through actions like properly disposing of trash or picking up litter. NFB Club offers audio streaming services, Vyvo provides health management solutions, and MugShot rewards users for using reusable mugs, promoting sustainability in their coffee routines.
These initiatives underscore the diverse applications and growing adoption of VeBetterDAO, highlighting its role in promoting sustainability and healthy living.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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