Key dates and mainnet launch

• VeChain has announced some important dates for its mainnet launch, scheduled for June 28th.

• According to a post shared on

Vechain (VET)’s VeBetterDAO recently completed its 12th round of voting with 2,200 participants. like before Reported by Crypto News Flash, which was part of an effort to distribute 67,000 B3TR tokens across seven decentralized applications. Insights from the report suggest that the much-anticipated transition to mainnet is intended to incorporate new features to improve governance along with incentives for various forms of participation.

Additionally, this groundbreaking upgrade marks a significant move towards global action on sustainability and will empower the cryptocurrency community as a whole.

Today we are excited to share details about the mainnet launch of VeBetterDAO and what you can expect in the coming weeks. VeBetterDAO’s mainnet debut is scheduled for June 28, 2024 and marks more than just a technology upgrade. This launch is a huge step forward for global action on sustainability, strengthening the cryptocurrency community, and overall Web3 adoption.

Important dates for VeChain’s VeBetterDAO mainnet launch

According to VeChain, June 17 to June 22 will be the last period to manually claim testnet rewards. A final snapshot of all testnet token activity will be taken on June 23rd. Afterwards, the VeBetterDAO testnet will be paused as part of preparation for deployment. According to the announcement, it will run from June 23rd to June 28th.

On June 28, testnet token holders (B3TR, VOT3, and GM NFT) will be able to see their assets reflected in their balances on the VeChainThor mainnet. Once the conversion is complete, all tokens will be in B3TR format. From June 28th to June 30th, mainnet B3TR will be encouraged to be exchanged for VOT3 in preparation for the first voting round starting on July 1st.

According to the report, only VOT3 tokens exchanged before the start of the round will be eligible to receive the first weekly B3TR reward. On July 8, both project owners and voters will be able to claim their first allocation of rewards.

VeBetterDAO’s big date is coming soon!
➡ June 17 – June 22: Final period to receive rewards
➡ June 23: Final snapshot of all testnet tokens
➡ June 23 – June 28: #VeBetterDAO Paused
➡ June 28: Token available on mainnet
➡ July 1: 1st mainnet voting pic.twitter.com/mtdalYeig4— VeChain (@vechainofficial) June 17, 2024

Benefit from new features introduced after mainnet launch

A press release reviewed by CNF stated that the mainnet launch will introduce the full-scale release of B3TR and mark the beginning of a 12-year token economic structure. For the weekly allocation to DApps, the team explains that a pool of 2 million B3TR will initially be used.

Explaining some other benefits of this transition, VeChain said it will provide secondary funding and a fair voting environment to prevent dominance by large stakeholders. Additionally, users can participate in Treasury offerings through the VeBetterDAO governance dApp. As of now, you must record approval of at least 2% of the circulating supply of B3TR tokens to initiate a voting proposal.

Once a proposal reaches this threshold, it will be posted to VeBetterDAO’s dedicated forum. Individuals who vote on these proposals will be incentivized through additional rewards. More details on how to initiate a governance proposal for VeBetterDAO will be released closer to mainnet launch.

At press time, VET was trading at $0.02 after a surge. three% In the last 24 hours.

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