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- VeBetterDAO is leveraging blockchain technology to incentivize environmentally friendly behaviors through decentralized applications (dApps).
- Beyond rewarding sustainable actions, the B3TR token also facilitates governance within the VeBetterDAO ecosystem.
Amid the current buzz of meme coins and flashes in the pan-type tokens, there is now a breed of projects such as VeChain’s VeBetterDAO. This venture aims to introduce real utility alongside sustainable development goals, per this CNF report.
VeBetterDAO leads the change through decentralized applications (dApps) by rewarding pro-environmental behaviors. Moreover, its native asset, the B3TR token, will play a key role in the journey. Today, most cryptocurrencies come with very high returns but no utility.
Hence, the situation calls for realistic projects that are useful in changing society’s welfare. That’s why VeBetterDAO is using blockchain technology to incentivize people to take sustainable actions. Rather than relying on hype, the B3TR token has clear objectives:
- To get people involved in environmentally friendly ways of living
- Using less waste.
- Producing less carbon through dApps, including those for environmental education.
VeChain’s VeBetterDAO Focuses on Real-world Actions
VeBetterDAO shifts focus from holding a token or staking and leverages the application for taking real-world actions. The ecosystem’s workings rely on an “X-to-Earn” solution where stakeholders are rewarded with B3TR tokens for participating in sustainable activities, per the CNF report.
The ecosystem is based on several apps for environmental awareness. For instance, Mugshot eliminates the use of plastic and paper cups in the coffee industry. Meanwhile, Cleanify encourages the participants to engage in cleaning activities and rewards them for their efforts.
Moreover, Greencart encourages people to shop green when they buy groceries, while the Non-Fungible Book Club urges people to read their books online to save paper. Also, these apps offer significant rewards in the system.
B3TR: The Sustainability Token
B3TR is the driving force behind VeBetterDAO’s vision since it drives the ideology of the business in a manner that allows it to achieve its objectives. Not only does it compensate users for their green behaviors, but it also is an agent of governance. This will allow users to decide on the major plan in the ecosystem using VOT3 tokens for voting.
The token is used in the reward system as well as the governance system. It means that there is a great incentive for users to use the particular platform. In a way, users are able to gain B3TR by purchasing sustainable products or by minimizing their own carbon footprints. Furthermore, they are also able to decide which particular green projects deserve funding.
In most cases, the governance based on token holders has the topmost control on deciding the fate of a platform, and this is seen in VeBetterDAO. Voting Power of Tokenization 3 or VOT3 erases any doubt about the functional value of tokens. It’s because locking these tokens grants the ability to vote on project proposals.
From this perspective, this model enables the users to take an active role toward the sustainability goal. In the same way, people collect virtual rewards in games, VeBetterDAO guarantees that sustainability becomes an attractive and fun process for different community-driven climate initiatives, reported CNF.