VeChain’s (VET) VeBetterDAO is set to launch its mainnet on June 28th, 2024, signifying a significant leap forward for Web3 adoption, sustainability initiatives, and fostering a more decentralized governance structure. This much-anticipated launch follows a successful testnet phase that saw high engagement and activity from the community.
Key Highlights of the VeBetterDAO Mainnet Launch:
- Enhanced Governance and Increased Rewards: The mainnet launch introduces features like quadratic voting and a 12-year tokenomic structure with a 2 million B3TR weekly allocation pool to incentivize participation and ensure fair decision-making.
- Focus on Sustainability and Community Empowerment: VeBetterDAO’s X-2-Earn dApp ecosystem aims to create real-world positive impact by gamifying sustainability efforts. The platform empowers its community through incentivized participation and fosters a collaborative environment.
- Support for Builders and New dApps: VeBetterDAO offers grants of up to $100k, mentorship programs, and venture capital opportunities to support developers and entrepreneurs building on the platform. This fosters innovation and the growth of the dApp ecosystem.
What to Expect in the Coming Weeks:
- June 16th: The final testnet voting round concludes, marking the transition to the mainnet.
- June 17th–22nd: Users can claim remaining testnet rewards. Unclaimed rewards will be automatically distributed after this period.
- June 23rd: A final snapshot of testnet token activity is taken.
- June 23rd–28th: The VeBetterDAO testnet will pause in preparation for mainnet deployment.
- June 28th: Testnet token holders receive their B3TR tokens on the VeChainThor mainnet.
- June 28th–30th: Users can swap B3TR for VOT3 to participate in the first mainnet voting round starting on June 30th.
- July 1st: The first round of mainnet voting begins.
- July 8th: The first rewards allocation for project owners and voters becomes claimable.
Beyond the Launch:
The VeBetterDAO team is committed to continuous improvement. Post-launch, they plan to introduce features like a dApp listing validator mechanism, staking programs, and higher tiers of GM NFTs with increased rewards. Additionally, they’ll focus on forging partnerships, integrating new features, and onboarding new dApps and businesses to expand the ecosystem’s reach.
The VeBetterDAO mainnet launch signifies VeChain’s(VET) dedication to driving innovation and real-world adoption of blockchain technology. This community-driven platform has the potential to revolutionize Web3 by promoting sustainability, fostering collaboration, and empowering users through a robust governance structure.