VeBetterDAO Receives Its First-Ever Proposal From a Community Member

Barely three weeks since it launched its mainnet, VeBetterDAO has witnessed another landmark development—its first-ever proposal from a community member.

Three weeks after launching its mainnet, VeBetterDAO has witnessed its first-ever proposal from a community member.

As a decentralized autonomous organization (DAO) on the VeChain network, VeBetterDAO is an ecosystem for apps that promote sustainable actions and assets. It enables any app to tokenize its sustainable actions and reward users with B3TR tokens.

The community is now making its voice heard, with one member, known in tech circles as Dudoso, submitting the ecosystem’s first proposal.

The proposal pertains to B3TR tokens; he proposes that all dApps on VeBetterDAO be required to integrate a transparent tracker offering up-to-date insights on the distribution of B3TR, the incentive token. Dudoso’s’ proposal is ‘text-only’ — the other type of proposal on the ecosystem is the on-chain action which requires fundamental technological changes.

Speaking on the motivation behind his proposal, Dudoso explained:

“To build a sustainable VeBetterDAO ecosystem it is imperative that both Dapps and Users have a clear understanding of how B3TR tokens will be distributed and used to drive sustainable acts and maintain an equitable ecosystem. If B3TR tokens are maintained by the Dapp, a clear reason or explanation can be provided.”

The proposal seeks to have the new tracker on every VeBetterDAO dApp display the total number of B3TR distributed, the tokens left undistributed, and any tokens being set aside for future or internal use. While this would promote accountability and transparency, it would also allow users to select the dApps that best reward their users as the data will be publicly available.

The proposer also believes that this would benefit the dApps as their transparency would likely appeal to a larger base of users.

This proposal doesn’t come without its risks and vulnerabilities. For one, the dApps can lie or misrepresent the tokenomics, including how many tokens they distributed to users. However, the proposer says that this can be mitigated by requiring dApps to provide their VeChain wallet addresses. With the VeChainThor network being publicly accessible and immutable, these dApps would have no way to conceal their actions.

“By creating transparency between Dapps and Users, the VeBetterDAO can become the hub for social and sustainable change,” Dudoso concluded.

The proposal has already received the 275,000 VOT3 tokens required to proceed to the next stage, with voting starting in four days. It received the tokens from 67 users, who can reclaim these tokens as soon as the proposal enters the next stage, regardless of whether it succeeds or fails.

VeBetterDAO is just one of the several VeChain platforms that are growing rapidly. The network’s integration into real-world use cases, be it real estate, sustainable shopping, fan engagement, or tokenization, is expanding massively.

VeChain’s VET trades at $0.03103, dipping 4.2% in the past day after a bumper week in which it hit its highest price in five weeks.