VeBetterDAO, a platform on the VeChain ecosystem that promotes sustainable actions and assets, has received its first-ever proposal for an app that brings transparency to the distribution and use of B3TR tokens. The proposal has gathered the required 275,000 VOT3 tokens and will proceed to the voting stage in four days. This milestone comes just three weeks after the launch of VeBetterDAO’s mainnet.
VeBetterDAO operates as a decentralized autonomous organization (DAO) where community members can voice their opinions through proposals. Dudoso, a member of the community, submitted the ecosystem’s inaugural proposal. The proposal focuses on B3TR tokens and suggests that all dApps on VeBetterDAO should integrate a transparent tracker that provides real-time insights into the distribution of these incentive tokens.
Dudoso explained the rationale behind the proposal, emphasizing the importance of establishing clear guidelines for the distribution and use of B3TR tokens to ensure a sustainable ecosystem. By implementing a transparent tracker, users will have access to information regarding the total number of B3TR tokens distributed, the remaining undistributed tokens, and any tokens set aside for future or internal use. This level of transparency will enable users to choose the dApps that best align with their preferences.
While the proposal promotes accountability and transparency, it also carries potential risks. Dudoso acknowledges that dApps could potentially manipulate the tokenomics and misrepresent the number of tokens distributed. However, this concern can be addressed by requiring dApps to provide their VeChain wallet addresses. Given the public accessibility and immutability of the VeChainThor network, dApps would have no means to conceal their actions.
Dudoso’s proposal has already secured the necessary 275,000 VOT3 tokens from 67 users and will proceed to the voting stage. Regardless of the outcome, these users can reclaim their tokens once the proposal enters the next stage. VeBetterDAO is just one of the many rapidly growing platforms on the VeChain network, which continues to expand its integration into various real-world use cases, including real estate, sustainable shopping, fan engagement, and tokenization.
The price of VeChain’s VET token currently stands at $0.03103, representing a 4.2% decrease in the past day after a successful week where it reached its highest price in five weeks.