CryptoBusy, a market analyst, took to X platform to report that VeChain (VET) is set to revolutionize the electric vehicle (EV) industry with the launch of its new dApp, EVearn. This innovative platform, developed by VeBetterDAO, aims to incentivize and reward Tesla drivers for their contributions to reducing carbon emissions.
Initially targeting Tesla’s 3.5 million drivers, EVearn plans to expand to other EV brands, potentially impacting over 40 million EVs worldwide. EVearn transforms everyday driving activities into opportunities for earning rewards. Consequently, it promotes sustainable transportation practices and builds a community of environmentally conscious drivers. This initiative represents a bullish use case for VeChain.
Moreover, VeChain’s VeBetterDAO mainnet launch on June 28 marks a major milestone for the ecosystem. The upgrade will introduce new governance structures and rewarding mechanisms. The VeChain team has successfully completed the last testnet activities, generating excitement within the crypto community.
The transition will involve the migration of testnet tokens B3TR, VOT3, and GM NFT to the VeChainThor mainnet. Post-upgrade, all tokens will be consolidated into B3TR, streamlining the ecosystem and simplifying user interactions. GM NFT holders will access their tokens on the mainnet with specific IDs.
The entire migration process, including voting rounds and reward allocations, will continue until July 8. Users will swap B3TR for VOT3 between June 28 and June 30. The first round of mainnet voting will commence on July 1. VeChain plans to introduce features like dApp listing validators post-migration to enhance the platform’s functionality and governance further.
At the time of writing, VeChain’s price is $0.026348, with a 24-hour trading volume of $34,185,430. It has seen a 0.61% increase in the last 24 hours while its market cap stands at $2,133,763,310. It has a circulating supply of 80,985,041,177 VET coins and a maximum supply of 86,712,634,466 VET coins.
