Hassan Maishera
The VeChain team announced via X on Wednesday that it has launched VeBetterDAO and its two new tokens $B3TR and $VOT3. VeBetterDAO is built to become the foundation of a cross-sector sustainability dApp ecosystem that engages, incentivizes, and rewards user activity, onboarding enterprise and individual actors for good causes and novel dApps.
The VeBetterDAO launches in three phases, Pilot show Alpha: Testnet Take-off, Pilot Show Beta: Mainnet Blitz, and Go-Live Gala. Each phase welcomes new features, with the launch of Go-Live Gala coinciding with the full mainnet launch on June 30th, 2024, the VeChain team added.
VeChain is also launching a series of airdrop campaigns to get $B3TR tokens. The $B3TR is the incentive token for VeBetterDAO, including DAO Treasury Management while VOT3 is the governance token of the VeBetterDAO.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is down by less than 1% so far today and is currently trading at $0.04859.
