- VeChain’s VeBetterDAO is set to deploy its mainnet on June 28, targeting substantial enhancements in governance and sustainability.
- This launch brings the innovative quadratic voting system, aimed at ensuring a more democratic governance process.
- B3TR token emissions will roll out, offering considerable rewards to active VeChain community participants.
VeChain’s VeBetterDAO mainnet launch on June 28 promises improved governance mechanisms and rewards, reinforcing the synergy between blockchain technology and sustainability.
VeBetterDAO Mainnet Launch Marks a Pivotal Moment for VeChain’s Ecosystem
The VeChain community is eagerly anticipating the mainnet launch of VeBetterDAO on June 28, 2024. This event marks a significant stride in utilizing blockchain for sustainable advances and democratized governance. As the mainnet transitions from the testnet phase, it is poised to introduce innovative features aimed at enhancing participation and engagement within the community.
Quadratic Voting and B3TR Token Emissions as Core Components
The introduction of quadratic voting within VeBetterDAO seeks to equalize the voting power among participants. This method limits the influence of large stakeholders and promotes fairer decision-making. Additionally, the launch will feature the start of B3TR token emissions, which are structured to be released over a twelve-year period. Engaged members will benefit from weekly rewards distributed from a 2 million B3TR pool, incentivizing active participation.
New Governance Features and Democratization of Proposals
VeBetterDAO’s mainnet will empower users to engage more proactively within the ecosystem through its governance dApp. Participants will be able to submit Treasury proposals, fundamentally steering the direction of the VeBetterDAO ecosystem. To submit a proposal, users must first obtain the support of 2% of the circulating B3TR supply. Upon reaching the support threshold, the proposal undergoes a review process on a specialized forum, where voters are further incentivized with additional rewards.
Conclusion
VeBetterDAO’s mainnet launch heralds a new era for VeChain, focusing on sustainable practices and inclusive governance. The combination of quadratic voting and substantial B3TR token rewards marks a transformative step towards a more equitable and involved community. This development not only enhances the value proposition of the VeChain ecosystem but also sets a benchmark for other blockchain projects focusing on sustainability and governance.
