Roger ver, not a friendly and honest figure in the world of blockchain, has worked on many chains. Be it bitcoin.com platform, bitcoin cash or many other projects that he has funded like readcash and noisecash through his projects. It's safe to say that the amount of distrust on him has been rising since last 4 years or so.
Times have changed since the SmartBCH collapsed and also hurt the bitcoiin cash through efforts of many whales who pushed for the less sustainable ecosysteme. And now Roger ver has moved to the Vechain. And he has kind of solo power behind the brand as Ve is a hint for you on how much his influence exists there.
Let's talk about VeBetterDao, a new DAO system for the vechain for making the chain sustainable and growing on gaming and earning programs.
What is VeBetterDAO ? How does it work?
Think of VeBetterDao as a platform in the DAO context for executing variety of the dApps and the X2 earn apps. Basically it is going to innovate in the space of the enterprise applications and the applications that are built on the DAO. It is not going to be your typical DAO on the enterprise chain but more of a DAO that sustains itself.
So the business that are already making use of the Vechain are going to benefit out of such enterprise application. It will not only meant for the dApps but also for the gaming apps whic would make it easier for the apps to deploy on the chain and execute variety of the functions in the chain towards the required public and the enterprise use case.
You can check out the whitepaper of VeBetterDAO here.
What are some of the components of VeBetterDAO?
Here are some of the components of the VeBetterDAO - B3TR, VOT3, GM NFTs and X-2 Earn. And so we can take a look at each of their functionality. So starting from the B3TR, think of it like a catalyst that powers the DAO treasury, monetization and dApp development on the chain. Second comes the Vot3 which is allowing the users to vote on the proposals and the overall DAO system of the VeBetterDAO.
Galaxy member NFTs also known as the GM NFTs are another part that we are going to be seeing in context of the holding NFT for value and then there are perks that would come with it. Finally X2Earn app is another thing that you would be seeing here that would reward the users and build them value out of this sustainable DAO.
This is explained really well here.
Vechain, is it trustable? is the VeBetterDAO manipulatable?
I just don't trust the Roger Ver and any project put forth from him and his team. I have experienced the interest giving project on the Bitcoin Cash which collapsed due to him. And there was no way for him to come out without being guilty but he did come out as innocent such is the power of the people like him. And when they move to next project its just another rug pull.
So VebetterDAO maybe good for others but for me that does not sound like a good option in terms of the investment. And I have decided to stay hands away from projects like this. It would be worth noting that such projects can make you lose funds eventually unless you are careful about it. So I'd be cautious about it.
VeBetterDAO, is a new DAO system from the Vechain and they want to build it into a web3 product which is self sustainable and improves based on the outside funds in the x2 earn system.