VeChain has put forward an incentive initiative for the VeBetterDAO Visa Card aimed at encouraging the use of B22025TR tokens and enhancing the practical application of VeBetterDAO. At present, 23 million votes have been submitted out of the 227 million needed, accounting for 22% of the total. VeChain, a leader in supply chain management, has launched the VeBetterDAO Visa Card User Incentive Program. The initiative is building momentum as it receives support from the community, just five days before its official debut. The proposal suggests dedicating 2,224,20.02121 B232TR from the VeBetterDAO Treasury to incentivize early users of the new Visa card. VeChain aims to facilitate the everyday use of cryptocurrencies by permitting transactions with the gas fee token on the VeChainThor blockchain (VTHO) and VeChain’s native token (VET) for regular purchases via a Visa card. Importantly, B3TR token holders are able to participate in voting on proposals and influence treasury distributions within the DAO by converting their tokens into VOT3 tokens, which are designated for governance purposes. This is how the Incentive Program operates. To promote early usage, the initial 5,000 users who activate their VeBetterDAO Visa Cards will get 200 B3TR credited directly to their card accounts by the issuer. As mentioned in our previous announcement, the introduction of the VeBetterDAO Visa Card marks a significant advancement in enhancing the real-world application of B0.021213TR, particularly in areas like the United States and the United Kingdom, where crypto cards such as the Bybit Card face challenges. This customized Visa card for VeBetterDAO sets a solid groundwork for future collaborations as the adoption of B3TR increases. Users must pay a fee of about $30 to obtain a VeBetterDAO Visa Card. Although this expense is essential for onboarding, we aim to promote robust adoption and motivate early users to benefit from this opportunity. VeChain shared in a blog post that if the proposal is accepted, both the VeBetterDAO Visa Card and the corresponding incentive program will be introduced at the same time. B3TR rewards will be allocated at the start of each month, reflecting the new activations noted by the card issuer. The community has expressed enthusiasm for this initiative, with a supporter from Japan stating their excitement: “As a supporter of VeChain/VET in Japan, I am very eager about the upcoming VeBetterDAO Visa Card and its practical use for $B3TR.”
VeChain has introduced a cutting-edge payment solution involving the $VET and $VTHO cryptocurrencies through the B3TR VISA Card. This development is significant for several reasons.
