The VeChain ecosystem has seen the addition of two new tokens, B3TR and VOT3, amid the launch of a new platform.
VeChain, a prominent enterprise-grade L1 public blockchain, has introduced its latest sustainability platform, VeBetterDAO. The VeChain team announced the new launch via its official X handle and medium blog.
Per the notification, accompanying the launch of VeBetterDAO are two tokens: B3TR and VOT3.
We're incredibly excited to announce the launch of our new #sustainability platform – VeBetterDAO – alongside two new tokens $B3TR and $VOT3!
VeBetterDAO is built to become the enabler of a cross-industry sustainability dApp ecosystem, driving adoption of Web3 tech across… pic.twitter.com/wFhxm30SeY
— vechain (@vechainofficial) February 28, 2024
VeChain’s VeBetterDAO Platform
At the core of VeChain’s movement is offering users the opportunity to engage and earn. The VeChain team highlighted that VeBetterDAO catalyzes a cross-industry sustainability decentralized application (dApp) ecosystem.
It seeks to foster the adoption of Web3 technology among enterprises and individuals through VeChain’s X-2-Earn strategy.
Moreover, the team stressed that VeBetterDAO represents the evolution of VeChain’s Web3 for Better whitepaper, introduced last year in partnership with the Boston Consulting Group.
The team noted that VeBetterDAO’s launch marks a new chapter for VeChain in propelling the widespread adoption of blockchain technology.
VeBetterDAO 3-Phase Launch
Notably, VeBetterDAO unfolds in three distinct phases. It includes the Testnet Take-off, “Pilot Show Alpha,” currently underway. The other two phases include Pilot Show Beta: Mainnet Blitz and Go-Live Gala.
Each phase introduces new features, culminating in the Go-Live Gala, synchronized with the full mainnet launch on June 30. This date coincides with the anniversary of the VeChainThor blockchain’s inception.
Specific platform components have been activated in the ongoing Pilot Show Alpha phase. It includes releasing a predetermined amount of B3TR tokens through airdrops, Testnet activities, rewards, and social engagements.
In celebration of the Testnet launch of VeBetterDAO, the VeChain team is initiating a series of airdrop campaigns to distribute B3TR tokens to community members.
This initiative aims to encourage engagement with the platform to explore the functionality of the initial decentralized applications (dApps) in the upcoming months. The VeChain team emphasized that all tokens earned will be transferred to the mainnet at a 1:1 ratio.
While B3TR functions as the incentive token within VeBetterDAO, VOT3 serves as the governance token of the platform.