- VeChain introduces VeBetterDAO in testnet phase, aiming to convert B3TR tokens to VOT3 after mainnet launch on June 30, 2024.
- VeBetterDAO prioritizes transparency and fairness, shunning pre-minting and private sales for sustainability-focused grants and hackathons.
VeChain has initiated a testnet decentralized application (dApp) ecosystem, currently in its alpha phase, named VeBetterDAO. This initiative forms part of VeChain’s broader strategy to enhance sustainability and community participation within its network.Â
Hey crypto community, we heard you like airdrops?
We’re launching a new dApp ecosystem and we’ve got big plans – it’s currently on testnet, and you can grab yourself tokens for FREE.
Want in on the action? You have two options:https://t.co/gk0A6FqzNO
and
Head to our… pic.twitter.com/UOaq3J8TMG
— vechain (@vechainofficial) April 3, 2024
VeBetterDAO will introduce B3TR tokens on the testnet, with a transition plan to convert these to VOT3 tokens following the mainnet launch, scheduled for June 30, 2024. The project aims to prioritize transparency and fairness, avoiding common practices such as pre-minting and private sales.
Instead, it seeks to boost involvement through grants and hackathons focused on sustainability, with the objective of building a Web3 community dedicated to fostering positive environmental change.
You can read: Why VeChain Is Buzzing Again: Unpacking the Reasons Behind VET’s Second Trending Wave
As a part of this testnet launch, VeChain is conducting token airdrops, available to individuals interested in blockchain technology. To qualify for these airdrops, individuals can engage with the VeChain community on digital platforms such as Discord or Telegram and complete specific activities like the VeChain Quiz Bot on Telegram.
This approach provides an avenue for people to receive tokens and actively participate in the VeChain ecosystem.
Related: Experience the Future: VeChain’s Testnet DAO Promises Mainnet Token Parity
VeBetterDAO encourages actions that support sustainability by rewarding users with B3TR tokens and offering them a role in community governance. Participants can influence decision-making processes and enjoy benefits like token airdrops through the DAO’s governance dApp.
#vechain has a new DAO that is still on testnet. Interacting with the DAO gets you the token, which will be honored 1:1 at mainnet launch (June 30,2024).
Voting for the 5th round is currently live, so go dive in.
Documentation: https://t.co/TG0PtrVNaY$VET $VTHO pic.twitter.com/cwkMOb29bj
— Flamé (VFS Stake Pool) (@TheVirtualFlame) April 1, 2024
The ecosystem also supports various other dApps, including Vyvo, Mugshot, and Cleanify, each contributing to objectives related to health, sustainability, and environmental awareness.
Constructed on the VeChainThor platform, VeBetterDAO is designed to ensure fairness and transparency, eschewing practices like pre-minting or private sales in favor of encouraging engagement from enterprises and developers through sustainability grants and hackathons.
The current price of VeChain (VET-USD) is around $0.04, showing a slight increase of 0.80%. The day’s trading range has been between $0.039859 and $0.042691.
