VeChain Launches VeBetterDAO For Sustainable Web3

VeChain introduced VeBetterDAO, a platform aimed at bolstering sustainability in Web 3.0 through enhanced DApps functionality.

VeChain, a blockchain network focused on supply chain management, announced the launch of its new platform, VeBetterDAO. This announcement comes as part of an intensified drive for the adoption and sustainability of Web 3.0.

The new platform intends to enhance the sustainability of the Decentralized Applications (DApps) ecosystem and its ability to operate across multiple industries.

In a significant way, VeBetterDAO is going to transform the Web3.0 ecosystem in terms of acceptance across a variety of businesses and individuals by utilizing the X-2-Earn technique that VeChain has developed.

VeChain referred to the most recent development as the “breakthrough moment” for Web3. VeBetterDAO is developing a technical vision outlined in the Web3 for Better whitepaper, released in partnership with Boston Consulting Group (BCG) the previous year.

One of the many features included is the platform’s ability to engage, incentivize, and reward user action is one of the many features that include such capabilities.

It would even go so far as to onboard companies and individual actors for charitable causes, in addition to revolutionary decentralized applications (dApps). VeBetterDAO debuted alongside two new tokens, identifiable by their ticker symbols “B3TR” and “VOT3.”

As we move forward, the launch of the testnet for the sustainability platform will take effect immediately. The team will distribute a portion of the B3TR tokens in an airdrop to members of the VeChain community throughout the launch.

VeChain has not disclosed a great deal of information regarding the giveaway only stating that it would designate a 1:1 valuation with its mainnet coin.  

Impact of VeBetterDAO On VET Price

This move is significant because it is expected to greatly impact the VeChain ecosystem as a whole, including the price of its coin symbolized by VET. 

After breaking through a protracted consolidation trend over a week ago, VET triggered a high-momentum rally that saw it fly more than 120% in the past week.

This rally has brought it soaring by more than 120%. Within six days, the coin had a growth rate of up to 61%, which ultimately resulted in its value rising from $0.0295 to $0.0477.

An upgrade to the Vechain ecosystem Account Abstraction (AA) that went live at the time was responsible for the substantial increase in the price of VET.

Over the past 24 hours, the coin’s value has increased by as much as 5.47 % , which the announcement by VeBetterDAO may have prompted.

The current price of VET is $0.05097 and it may be on its way to reaching the $0.089 resistance point. This is because the ongoing Bitcoin price mega-run may have an impact on the current currency price.