VeChain’s VeBetterDAO mainnet launch is on the horizon, and experts are predicting a surge in the prices of VET and VTHO.
The post-mainnet launch will bring quadratic funding and voting mechanisms to create a fair voting environment.
VeChain (VET) is generating excitement with the impending launch of the VeBetterDAO mainnet countdown, a significant milestone that is capturing the attention of investors and developers.
The HiVE Summit and VeBetterDAO mainnet launch are just five days away!
Join us for a firsthand look at a Web3 world powered by VeChain. Secure your spot and listen to informative keynotes, gain new insights, and rumor has it, there will be some amazing merchandise.
With only a few days left, the manual claim process for the remaining testnet rewards has been completed, and the final snapshot of all activities was taken yesterday (June 23). As previously reported by Crypto News Flash, the VeBetterDAO testnet has been paused in preparation for the official deployment of the VeChainThor (VTHO) mainnet on June 28. On the same day, holders of testnet tokens B3TR, VOT3, and GM NFT will see their balances on the mainnet.
From June 28 to June 30, users will be able to swap the mainnet B3TR for VOT3 in preparation for the first round of voting on July 1. Project owners and voters are also expected to receive their first rewards on July 8. After the launch, new features such as the dApp listing validator mechanism will be gradually introduced.
The excitement doesn’t stop with the mainnet! As outlined in the VeBetterDAO Whitepaper, we are dedicated to continuously improving the VeBetterDAO platform. Post-migration, we will introduce new features including a dApp listing validator mechanism, staking programs, and the ability to unlock higher tiers of GM NFTs to earn even more rewards from participation.
Anticipated Introductions After the VeChain’s VeBetterDAO Mainnet Launch
Before the start of this entire process, VeBetterDAO had completed the 12th round of its voting exercise, with 2,200 participants. The last round concluded on June 16, pending the official transition to the mainnet.
According to our sources, some of the expected new changes include enhanced governance and the incentivization of new forms of participation. Additionally, there will be a full-scale emission of B3TR on a 12-year tokenomic structure. This will allow dApps and voters to access weekly allocations.
Quadratic funding and voting mechanisms will also be introduced to ensure a successful and fair voting environment. VeChain will also announce Governance Proposals on the Treasury to ensure that users participate in Treasury proposals through the VeBetterDAO governance dApp. However, proposals will need an endorsement of at least 2% of the circulating supply of the B3TR tokens to qualify for voting.
Once the proposal reaches this threshold, it will be posted to a dedicated forum on VeBetterDAO. Individuals who vote on these proposals will be incentivized through additional rewards. Details on how to initiate the governance proposals for VeBetterDAO will be released closer to the mainnet launch.
With the mainnet launch and the upcoming HiVe Summit just around the corner, analysts have suggested a potential price surge for VET and VTHO. At the time of writing, VET was trading at $0.024 after a 5.9% decline in the last 24 hours.
VTHO was also struggling to maintain itself above a critical support level, declining by 7.9% in the last 24 hours to trade at $0.0022.