VeBetterDAO, a new addition to the VeChainThor ecosystem, is set to revolutionize Web3 by focusing on sustainability. This platform aims to create a cross-industry dApp ecosystem that promotes sustainable practices and inclusivity. VeBetterDAO will engage, incentivize, and reward user activities that contribute to good causes and the development of innovative dApps. This initiative aligns with the United Nations’ 17 Sustainable Development Goals and presents VeChain with an opportunity to lead by example in integrating sustainability into core operations.
To achieve its ambitious targets, VeChain has developed the “Web3 for Better” whitepaper in collaboration with the Boston Consulting Group. This vision includes reaching one million active daily users in the near future and onboarding a billion users by 2030. The whitepaper emphasizes the “X-2-Earn” strategy, which leverages blockchain technology to transform user actions into tangible value.
The rollout of VeBetterDAO will occur in three phases. The first phase, Pilot Show Alpha, will introduce select platform components and distribute B3TR tokens to early participants. This phase is crucial for testing the platform’s capabilities and seeding the initial user base. As VeChain progresses towards the Go-Live Gala, new functionalities such as B3TR Token minting, enhanced Galaxy Membership (GM) NFTs, and advanced tools for X-2-Earn dApps will be introduced. The full mainnet launch is scheduled for June 30th, 2024, coinciding with the VeChainThor blockchain’s birthday.
In addition to these exciting developments, crypto analyst Mike Stoffer has identified an inverse Head & Shoulders pattern in VeChain’s technical charts. This pattern, combined with a clear bull flag, suggests potential upward movement for VeChain. As of now, VET has experienced significant gains in the last seven days, increasing by 21.54%, and has risen by 5.89% in the last 24 hours, reaching $0.051.
VeChain, with its sustainability-focused initiatives and promising market outlook, is poised to make a significant impact in the Web3 space. Investors and traders are keeping a close eye on VeChain’s progress, anticipating potential gains in the market.
If you want to learn more about VeChain and its latest developments, you can watch the YouTube video provided.