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VeChain Introduces the Galaxy Member (GM) NFT System

Twitter icon  •  Published एक महीने पहले  •  Hassan Maishera

The VeChain team announced via X on Tuesday that it has launched the Galaxy Member (GM) NFT system.

The VeChain team announced via X on Tuesday that it has launched the Galaxy Member (GM) NFT system. According to the team, Galaxy Member (GM) Non-Fungible Tokens play an essential role in rewarding users in the VeBetterDAO.

GM NFTs are an upgradeable NFT system that determines the level of user reward after each voting event. Users can upgrade them by donating B3TR to the VeBetterDAO Treasury, and earn rewards even faster. In turn, B3TR tokens fuel the growth of the entire ecosystem via the Treasury.

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 1% so far today and is currently trading at $0.04928.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.