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VeChain Launches First Round of Voting on VeBetterDAO Mainnet

Must Read

  • VeChain’s VeBetterDAO mainnet voting is reside, permitting customers to take part in decision-making and platform improvement.
  • VeChain’s mainnet launch and HiVe Summit spark a 2.2% rise in VET token, boosting investor confidence and market efficiency.
  • VeBetterDAO’s sustainability focus drives adoption with initiatives like Vyvo Sensible Chain, Cleanify, and MugShot incentivizing wholesome habits.

The primary spherical of voting on the VeBetterDAO mainnet is now reside, as introduced by VeChain by means of a publish on the X platform. This improvement marks an important milestone within the platform’s evolution, enabling customers to interact in decision-making processes. Though the announcement didn’t present detailed details about the voting course of or the outcomes, additional updates are anticipated quickly.

The primary spherical of voting on #VeBetterDAO mainnet is LIVE!

A large congrats to our developer groups and the group for this momentous event.

Head to https://t.co/6KpOBGSpv7 & solid your VOT3 – then head to the dApps and expertise how we’re tokenizing Higher actions $VET pic.twitter.com/PdgQhyTvVk

— VeChain (@vechainofficial) July 1, 2024

Transition from Testnet to Mainnet

The handbook declare of the remaining testnet rewards was just lately accomplished, alongside the ultimate snapshot of all actions as much as June 23. In preparation for the VeChainThor (VTHO) mainnet deployment on June 28, the VeBetterDAO testnet was paused. On the identical day, holders of testnet tokens B3TR, VOT3, and GM NFT noticed their balances on the mainnet.

Between June 28 and June 30, customers might change their mainnet B3TR for VOT3, gearing up for the primary voting spherical on July 1. Each undertaking house owners and voters are set to obtain their preliminary rewards on July 8. Following the launch, new options, together with a dApp itemizing validator mechanism, might be launched incrementally.

Token Help and Buying and selling Platforms

VeChain has just lately introduced assist for the token on platforms corresponding to bridge.vet, swap.vechain.power, and VTHO.change. These platforms facilitate cross-chain transactions, dollar-cost averaging with VTHO era, and token swaps as per person preferences

To have a good time the mainnet launch, VeChain has initiated a Gleam marketing campaign providing $VET branded Tangem wallets and UFC tickets as prizes. This announcement coincides with the upcoming HiVe Summit. In response to those developments, VeChain’s VET token has seen a 2.2% enhance, buying and selling at $0.02671, and increasing its weekly good points by 3%. With a market cap of $2.1 billion, VET presently ranks forty ninth available in the market. The mainnet launch is predicted to spice up these cash’ costs additional, with buyers anticipating a breakout from key resistance ranges.

Sustainability and Adoption by Varied Initiatives

VeBetterDAO is gaining traction amongst initiatives centered on sustainability inside the trendy financial system. The Vyvo Sensible Chain, as an illustration, makes use of the $B3TR token to reward customers for well being monitoring. Via the Well being Index, customers are inspired to guide wholesome existence.

Different notable functions embody Cleanify, which rewards customers for environmental cleanliness by means of actions like putting trash in bins or selecting up litter. NFB Membership gives audio streaming providers, whereas Vyvo gives well being administration options. MugShot rewards customers for utilizing reusable mugs, selling sustainability of their espresso routines.

These initiatives spotlight the various functions and rising adoption of VeBetterDAO, emphasizing its function in selling sustainability and wholesome dwelling.

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