- VeChain has launched VeBetter Grants Program 3.0 to support projects that use blockchain technology and can be awarded up to $50,000 in B3TR.
- The Community Vote and milestone funding are included in the new system to promote openness and get users more involved.
VeChain has launched a new version of its VeBetter Grants Program, introducing an improved structure aimed at fast-tracking blockchain-based sustainability projects. Under the revised initiative, there will be two types of grants: X-to-Earn and Ecosystem Infrastructure.
The X-to-Earn Grant supports developers creating applications that reward sustainable behavior, such as recycling or clean energy use. A project allowed by the system can get up to $30,000 of B3TR tokens. In order to be eligible, teams need to provide an operational demo or prototype and describe the business model they plan to follow.
The Ecosystem Infrastructure Grant helps groups work on tools and protocols designed to enhance VeBetter. The $50,000 worth of B3TR tokens offered by the program help develop infrastructure like SDKs, APIs, and security solutions. The proposal should detail a plan for development and highlight any relevant blockchain projects, ideally accomplished on VeChain or similar networks.
Community Voting Added to Grant Approval Process
In a shift toward decentralized decision-making, the VeChain Foundation has integrated a community validation process into its grant approval workflow. Both the Foundation and the community now collaborate on reviewing grant applications.
Funding is generally allocated to projects that show their technical soundness, benefit users, and have a sustainable future. Proposals should be in line with what VeBetter hopes to achieve and, if possible, also support the United Nations Sustainable Development Goals.
If a project is approved, it will be given milestone funding for outcomes such as app integrations, connections to VeWorld wallets, monitoring user acquisition, and planning business strategies.
Mugshot’s Success Sets the Stage
The successful Mugshot project inspired the decision to expand, with over 1 million involved and 6.9 million sustainable activities being recorded on the blockchain. With over 255,000 kg in carbon reductions, the app’s success shows how blockchain can improve the environment when rewards are offered to users.
Both new and experienced builders can visit the VeBetter Grants site and share their proposals. Every application undergoes several rounds of assessment, as well as additional online discussions and voting by the community. Most proposals take about four weeks to be processed, and the initial grant is given when the first goal is achieved.
“We invite builders to build on this momentum and help further expand the VeBetter ecosystem or tools that further scale our utility and impact.”
Vechain
Stella Visa Card Boosts Real-World Token Utility
As CNF recently reported, VeChain has also boosted the use of its reward tokens thanks to the introduction of the Stella Pay Visa card. The card, built for VeBetterDAO users, enables them to use their B3TR tokens at more than 130 million stores worldwide.
Users need to pay $30 to activate the card and receive 200 B3TR tokens from VeChain Foundation automatically each month. The Binance Card accepts VET, VTHO and B3TR and supports both offline and online wallets, among them Apple Pay and Google Wallet.
While the VeChain ecosystem continues to develop, VET has decreased by 3.29% in the past day and by 0.84% over the last week. However, trading volume increased by 88% to $65.36 million.
Credit: Source link
