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Cryptocurrency News Articles
VeBetterDAO Mainnet Launch Receives Massive Support From Users and Exchanges
Jun 30, 2024 at 12:08 am
The highly anticipated VeBetterDAO mainnet launch has received massive support, led by users and exchanges ready to integrate the tokens.
VeChain’s micro-rewards dApp platform, VeBetterDAO, has finally gone live on the mainnet following several months of anticipation and preparation.
The highly anticipated launch was announced via Twitter on Friday, June 28.
The day has come – VeBetterDAO is LIVE on mainnet!
We want to extend a massive THANK YOU to all our incredible testnet users and community who helped get us get here. Stay tuned – we've much more to come!
Tokenize everything & be rewarded – this is Web3 for Better.#B3TR $VET pic.twitter.com/ycJsJiFvbP
— VeChain (@vechainofficial) June 28, 2024
As reported earlier this week by Crypto News Flash, the remaining testnet rewards were manually claimed and a final snapshot was taken of all activities as of June 23.
The VeBetterDAO testnet was paused in preparation for the official deployment of the VeChainThor (VTHO) mainnet, which was scheduled for June 28. On the same day, holders of testnet tokens B3TR, VOT3, and GM NFT were able to view their balances on the mainnet.
According to a recent post, the token is now supported on bridge.vet, swap.vechain.energy, and VTHO.exchange. These exchanges offer cross-chain, DCA with your VTHO generation, or swap by transfer – however users like, between all the tokens users like.
#VeFam, Swap for a $B3TR world 🌐
The #VeBetterDAO token is now supported on https://t.co/gfvF5om2U6, https://t.co/kiIGhzvmtO, and https://t.co/iogVRYV2ng.
Cross-chain, DCA with your VTHO generation, or swap by transfer – however you like, between all the tokens you like!
— vechain.energy (@VechainEnergy) June 27, 2024
From June 28 to June 30, users were able to swap the mainnet B3TR for VOT3 to prepare for the first round of voting, which is set to begin on July 1.
Project owners and voters are also expected to receive their first rewards on July 8. After the launch is complete, new features, such as the dApp listing validator mechanism, will be introduced gradually.
VeChain recently announced that it is celebrating the launch with a Gleam campaign with $VET branded Tangem wallets and UFC tickets as prizes.
The mainnet launch of our micro-rewards dApp platform, VeBetterDAO, is a day away!
To celebrate, we're launching a Gleam campaign with $VET branded Tangem wallets & UFC tickets as prizes 🤯
Go get 'em: https://t.co/1hbwzzLzN0
Join us for The HiVe livestream tomorrow! #VeChain pic.twitter.com/kA1SHzri7z
— VeChain (@vechainofficial) June 27, 2024
With the mainnet launch and the upcoming HiVe Summit, VeChain’s VET has recorded a 2.2% surge and is exchanging for $0.02671. This extends the coin’s weekly gains by 3%. Ranked 49th in the market, the token has a $2.1 billion market cap.
Its sister token, VTHO, has posted marginal gains of under 1% to trade for $0.002439.
Launch of the mainnet is expected to bolster these coins’ prices, with investors eyeing a breakout from key resistance positions.
VeBetterDAO has been adopted by many projects driving sustainability in the modern economy. One such project is the Vyvo Smart Chain, which enhances health monitoring with $B3TR token rewards. Through the Health Index, users are incentivized to maintain healthy lifestyles.
Other such applications include Cleanify, which rewards users for cleaning their environments through Simple actions such as placing trash in bins or picking up litter. NFB Club offers audio streaming, Vyvo offers health management, and more. One of the participating apps is Cleanify, which rewards users for cleaning up their local surroundings through simple actions such as placing trash in bins or picking up litter.
Another is MugShot, where users are rewarded for incorporating sustainability into their coffee routine. MugShot rewards users for using reusable mugs and promoting sustainability.
The Non-Fungible Book Club rewards you for choosing the more sustainable version to a paperback version.
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