- VeChain’s VeBetterDAO is gearing up for its mainnet launch on June 28, 2024, marking a significant step towards enhanced blockchain governance and sustainability.
- Key dates include the final testnet activities snapshot on June 23 and the commencement of the first voting round on July 1, offering participants the chance to earn rewards through active engagement.
VeChain, a leading blockchain platform, is set to launch its highly anticipated VeBetterDAO mainnet on June 28, 2024. This milestone marks a significant step forward not only for blockchain technology but also for global sustainability efforts and decentralized governance.
Countdown to Launch: Key Dates
VeChain has outlined several crucial dates leading up to the mainnet launch:
- June 17 to June 22: This period marks the final window for participants to claim testnet rewards manually.
- June 23: The final snapshot of all testnet token activities will be taken, marking the end of the testnet phase.
- June 23 to June 28: The testnet will be paused to prepare for deployment.
- June 28: The official launch of the VeBetterDAO mainnet. Testnet tokens (B3TR, VOT3, GM NFT) will be reflected in participants’ balances on the VeChainThor mainnet.
- June 28 to June 30: Participants are encouraged to swap mainnet B3TR for VOT3 in preparation for the first voting round starting on July 1.
- July 1: The first mainnet voting round commences, with rewards for VOT3 token holders.
The VeBetterDAO Initiative
The VeBetterDAO project has garnered significant attention, especially with its recent 12th round of voting, which saw participation from 2,200 individuals. The initiative distributed 67,000 B3TR tokens across 7 decentralized applications, emphasizing governance and community engagement within the VeChain ecosystem.
The mainnet launch represents a critical evolution for VeBetterDAO, introducing new functionalities aimed at enhancing governance and incentivizing participation. These features include a fair voting environment and quadratic funding to prevent the dominance of large stakeholders. Additionally, users will have the opportunity to participate in Treasury proposals via the VeBetterDAO governance dApp, provided they meet the minimum endorsement threshold.
Incentives and Rewards
Following the mainnet launch, the emission of B3TR tokens will commence, beginning a 12-year tokenomic structure. A significant portion of the B3TR pool will be allocated weekly to decentralized applications, fostering growth and development within the ecosystem.
Participants who engage in governance activities will be eligible for additional rewards, further encouraging active involvement in the decision-making process. Rewards will be distributed weekly, starting from July 8, to both project owners and voters who participate in the governance process.
Global Impact and Sustainability
Beyond its technical upgrades, the VeBetterDAO mainnet launch represents a concerted effort towards global sustainability and the empowerment of crypto communities worldwide. By integrating new features and functionalities, VeChain aims to drive adoption of Web3 technologies and strengthen its commitment to sustainable practices.
The launch of VeChain’s VeBetterDAO mainnet on June 28 is poised to redefine blockchain governance and community participation. With innovative features, robust incentives, and a commitment to sustainability, VeChain continues to lead the charge in blockchain innovation and decentralized governance.
For those interested in participating, detailed instructions on claiming rewards and engaging in governance will be released closer to the mainnet launch date. Stay tuned for further updates as VeChain continues to push the boundaries of what’s possible in blockchain technology.