Last year, I introduced VeChain's new product line VeBetterDAO airdrop plan. At that time, there were some partners who participated together. If they have continuously used the VeBetterDAO voting system over the past six months since the token was released, they should have accumulated at least $1500~$2000 in B3TR (VOT3) airdrop earnings by now.
By simply visiting the VeBetterDAO website each week and voting with governance tokens, you can receive free token airdrops, which is a very easy way to obtain passive income, as it incurs no cost.
In the last month, B3TR tokens have risen more than 500%, as shown in the image below:
Reasons for the rise
I believe the main reason for the rise lies in community governance proposals; recently, someone has announced that four governance proposals will be submitted in succession.
Since the first proposal was passed on 1/27, B3TR has surged from a low of $0.27 to a high of $0.55 on 2/2.
Proposal One
The first proposal requested the foundation to use treasury funds to invest in two DEXs within the VeBetterDAO ecosystem: BetterSwap and VeSwap, to increase the liquidity of the B3TR-VET trading pair.
Impact:
Solve the original problem of shallow liquidity pools and the inability to conduct large transactions.
Enhance the overall liquidity of B3TR.
The author believes that the past lack of volatility in B3TR's price is highly related to poor liquidity, for the following reasons:
Large transactions may encounter the problem of price collapse.
B3TR can basically be obtained at zero cost, lacking the psychological pressure to sell urgently.
By injecting 1.5 million B3TR into BetterSwap and VeSwap through the proposal, the liquidity issue can be effectively resolved, promoting trading activity.
Proposal Two
Voting for the second proposal started today on 2/3 and will end on 2/10, with 98.5% approval votes so far.
The main demand of the proposal is to use the foundation's treasury of 7.5 million B3TR to seek listings on second-tier or first-tier CEXs, and to enhance the exposure and trading volume of B3TR through trading competitions, community activities, and educational activities.
Impact:
Increase B3TR's liquidity and trading activities.
Enhance the exposure and recognition of B3TR and VeBetterDAO in different regions and audiences through CEX.
The author believes that this proposal will have a significant positive impact on B3TR after implementation, for reasons including:
Solving the past issue of having only 2 DEXs and 1 small CEX available for trading B3TR.
Listing on major CEXs can bring different types of traders, increasing the diversity of holders, unlike the current situation where B3TR is predominantly held by diamond hands.
Simultaneously enhance the usage and exposure of the VeBetterDAO ecosystem applications.
Summary
Even in the midst of a significant market downturn today, B3TR still shows a 35% increase over seven days, a 98% increase over fourteen days, and a 520% increase over thirty days, demonstrating the strong bullish sentiment of the VeBetterDAO community towards B3TR.
The proposal's content is evidently beneficial for the ecosystem and the token price, and I believe there is no need to worry about the execution aspect, as the VeChain Foundation is providing support. Getting listed on major exchanges is just a matter of time, not a matter of whether it can be done.
If you ask me what the biggest factor affecting B3TR's price is, I can only say, remember to check the community proposals of VeBetterDAO from time to time; the ecological applications are secondary.
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※ The above content is purely personal sharing without sponsorship and does not constitute investment advice. Users should conduct their own research (DYOR) and assess their personal risk tolerance.
※ The attached images are taken from VeChain community tweets, VeBetterDAO website, and CoinGecko website
#vechain #VeBetterDAO #B3TR #Airdrops $VET
