VeChain Rewards 411 Stakers with 160,000 B3TR Tokens in VeBetterDAO Debut, Boosts VET Price 11%
VeChain has launched its VeBetterDAO alpha testnet, distributing 160,000 B3TR tokens to 411 stakers through its veDelegate service, significantly increasing their holdings. This distribution nearly tripled some participants’ initial tokens and marked a major milestone in VeChain’s commitment to creating a decentralized and sustainable ecosystem. Following this distribution, veDelegate saw an increase in new users, bringing its total stakers to 525 and managing 231,000 VOT3 tokens. The platform continuously improves user experience with new features such as projecting estimated voting rewards. Alongside, VeChain’s advancements in sustainability and technology, including securing a patent for an automated inventory container system, have led to an 11% rise in VET’s price and increased trading volume, despite a general market downturn.
Bullish
The recent distribution of B3TR tokens and the subsequent increase in user engagement indicate a strong commitment by VeChain to fostering a decentralized and sustainable ecosystem. The developments in VeChain’s technology and its positive impact on the VET price, despite a general market downturn, suggest a bullish sentiment in the short-term and long-term market behavior.