VeBetterDAO Mainnet Launch Begins B3TR for VOT3 Swap

For the real-world asset (RWA) tokenization blockchain platform, VeChain has announced the availability of its VeBetterDAO mainnet to its users.

The real-world asset (RWA) tokenization blockchain platform VeChain has announced that its VeBetterDAO mainnet is now available to users, who can begin swapping B3TR for VOT3 to participate in the first mainnet voting round.

As reported earlier this year, VeBetterDAO is a decentralized autonomous organization (DAO) governed by the VOT3 token and designed to support a cross-sector sustainability decentralized application (dApp) ecosystem. The platform aims to onboard both enterprises and individuals for meaningful causes and cutting-edge dApps.

The initiative dovetails with the increasing focus on sustainability, with the United Nations outlining 17 Sustainable Development Goals (SDGs) covering environmental, social, and economic aspects and regulations pushing businesses to integrate sustainable practices into their core operations.

With the VeBetterDAO mainnet launch, VeChain is capitalizing on this convergence by leveraging blockchain technology for positive change, as previously reported by Crypto News Flash.

To participate in governance, users must lock B3TR in a smart contract to receive VOT3 tokens by visiting the website: vebetterdao.org. Once VOT3 is acquired, users can review different dApps on VeBetterDAO and allocate their tokens accordingly.

Participants with staked tokens are eligible for voting rewards, which are shared at the end of each voting round. To participate in the second voting round, users must swap their B3TR for VOT3 before 23:59 GMT on Sunday, July 7. Only VOT3 tokens in wallets before the deadline will be eligible to vote in the following week’s voting round and earn B3TR token rewards.

The launch of the VeBetterDAO mainnet appears to have generated positive sentiments toward VeChain’s native token, VET. At press time, VET is trading at $0.02692, reflecting a 2.5% increase in the last 24 hours. The trading volume has also increased by 0.3% to $29.8 million, while the market cap is pegged at $2 billion.