VeChain Embarks on a Sustainability Journey with VeBetterDAO
VeChain is taking a significant step towards sustainability by introducing VeBetterDAO into its ecosystem. The company aims to onboard one million active users while addressing sustainability concerns.
Sustainability has become a crucial topic in our environment, with countries working tirelessly to achieve the 17 Sustainable Development Goals set by the UN. This encompasses various areas, including the economy, the environment, and society.
Private enterprises are also embracing sustainable practices by abandoning processes that jeopardize business operations. Instead, they are adopting methods that leave a lasting impact on ethical consumers.
Stakeholders have long been searching for an efficient technological tool that can enhance their practices and help achieve sustainable development goals. In response to this demand, VeChain, a blockchain platform that improves supply chain management and business processes, is launching VeBetterDAO. This initiative aims to make sustainability mainstream by creating opportunities for collective sustainable actions.
As previously reported by Crypto News Flash, VeBetterDAO will leverage its utility token B3TR to incentivize sustainable actions. VeChain plans to reach one million active daily users in the next few years, with a target of onboarding one billion users by 2030.
Imagine a world where millions of people are rewarded daily in B3TR for making the world a better place. As the ecosystem grows, new ways for users to spend and utilize their B3TR tokens will emerge, driving further adoption of VeChain. VeBetterDAO is a long-term strategy that connects VeChain with a crucial aspect of our ever-evolving world.
VeBetterDAO will be unveiled in three phases – Pilot Show Alpha, Pilot Show Beta, and Go-Live Gala. Certain elements of the first phase have already been launched, with some B3TR tokens expected to be airdropped, as explained by Crypto News Flash.
During the Alpha phase, users will play-test several functions. The Go-Live Gala phase will introduce new features, including the increased maturity of Galaxy Membership (GM) NFTs, automated staking programs, tools and functionality upgrades for X-2-Earn DApps, B3TR token minting and distribution, and the automation of treasury and governance management.
The report also reveals that VeBetterDAO will be powered by two tokens – B3TR and VOT3. VOT3 will serve as a governance token for VeBetterDAO and will be required for participating in governance events and determining the allocation of newly minted B3TR tokens. VeChain sees VeBetterDAO as the next step in its sustainability journey.
The launch of VeBetterDAO marks the beginning of the next phase in our sustainability journey, bringing to life the technical vision outlined in our ‘Web3 for Better’ whitepaper. Co-developed with the Boston Consulting Group, the whitepaper details our shared vision of advancing action on sustainability with Web3 tools, driven by the ‘X-2-Earn’ strategy, where actions can be transformed into value through blockchain.
In response to this groundbreaking announcement, investors in VeChain (VET) have shown strong interest, leading to increased demand for the asset. Over the past 24 hours, VET has surged by 2.4%, trading at $0.050457. The asset currently has a market cap of $3,637,384,233 and a bullish score of 96/100.
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