VeChainThor has introduced VeBetter and the price of VET is expected to rise.
VeBetter is a DAO focused on tokenization of sustainable actions.
Since November last year, VET has jumped only 0.5%.
VeChainThor, or VeChain, an L1 smart contract platform has entered the sustainability market with the launch of VeBetter in a bid to positively impact its native token VET.
VeBetter, a decentralized autonomous organization (DAO), will use tokens to represent sustainability actions. This will make it easy “to record, verify, and—most importantly—reward each positive contribution.”
VeChain will play a major role in the initiative because it is able to record and process transactions at minimal costs and provides an alternative to traditional systems which “struggle to track and value every small action.”
According to a post on X (formerly Twitter), VeBetter will allow the conversion of each contribution to sustainability into a verifiable piece of data, “recorded securely and transparently” with minimal overhead expenses.
Tokenizing Sustainability Actions
Every action, from charging an EV to the reduction in the usage of disposable co…
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