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This New DAO Could Make VeChain the Hottest Blockchain in 2024

This New DAO Could Make VeChain the Hottest Blockchain in 2024

CoineditionCoinedition2024/06/19 15:37
By:Ikemefula Aruogu
  • Crypto commentators show support for the upcoming VeBetterDAO by VeChain.
  • CryptoBusy thinks the VeBetterDAO launch is a “groundbreaking” event for VET.
  • VeBetterDAO will introduce quadratic voting and reward users with B3TR tokens.

Crypto influencers CryptoBusy and Collin Brown have taken to X (formerly Twitter) to the impending launch of VeChain’s VeBetterDAO, highlighting its potential to transform the VeChain ecosystem and the broader blockchain landscape.

CryptoBusy described the VeBetterDAO launch as a “groundbreaking” event for the VET ecosystem. He noted that the protocol would offer better rewards and incentives through sustainable actions, allow fair launch principles, promote an enhanced governance process, and provide tools and functionality upgrades for X-2-Earn DApps.

Furthermore, CryptoBusy explained that the upcoming mainnet aims to introduce innovative features and increase participation and engagement within the VeChain community. He highlighted specific additions like increased rewards, quadratic funding and voting, and governance proposals on the treasury as new features the mainnet would add to VeChain.

According to the market analyst, implementing quadratic voting would enhance the VET ecosystem’s decentralized governance. He believes it would ensure more equitable voting among community members, including small and large stakeholders, thereby promoting fair decision-making.

CryptoBusy highlighted that the platform is rolling out the B3TR token emission, designed for sustainability. The protocol rewards engaged members from a two million B3TR pool over 12 years. The analyst cited another unique feature in which users need to garner the endorsement of at least 2% of the B3TR circulating supply to initiate a proposal and bring it to vote while incentivizing users to vote on such proposals with additional rewards.

To conclude, CryptoBusy also highlighted the upcoming VeBetterDAO launch as a transformative development in the VeChain, RWA, and blockchain ecosystem. He believes it is an addition that would foster next-gen decentralization and community empowerment.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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