- VeChain finally puts VET and VTHO holders’ concerns to rest.
- It explains how VOT3 and B3TR activity will only benefit VET and VTHO.
- The reveal comes right alongside a bullish chart formation of a possibly 500% gain for VET.
VeChain has certainly had an exciting few months. With the launch of VeBetterDAO, its MaaS launch, and the arrival of its two new tokens B3TR and VOT3, the VET community was certainly overwhelmed. While most VET and VTHO holders were excited to see some active new direction in the blockchain, other remained skeptical.
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Besides these new launches, VeChain also announced multiple new partnerships including UFC and Vyvo who now contribute to VeBetterDAO. The VeBetterDAO program has already onboarded many new users, successfully completed many rounds of votes, and has even launched exciting new initiatives.
Yet, VET and VTHO holders continue to question the VeChain team as well as the projects’s CEO Sunny Lu and demand an answer that will satisfy the original token holders. While Sunny Lu has constantly spoken of VeChain’s plans which continue to elevate VET and VTHO, another answer has come out from an AMA.
In particular, VeChain’s Comms Lead Solomon Grundle explains how VeBetterDAO tokens VOT3 and B3TR benefit the entire VeChain ecosystem. In this AMA one asks him why new tokens and if this will take demand away from VET and VTHO.
To this the response is that demand will not be taken away as VET and VTHO are the protocol tokens and VeBetterDAO is run by VOT3 and B3TR which is a layer on top of the protocol itself. This means that any activity that takes place through the VeBetterDAO requires VET and WTHO. He confirmed that this dynamic does not change.
Perhaps finally, all the negativity towards the project will be dispelled. Meanwhile, VET analysts are comparing VET price activity. A major sentiment amongst traders and members of the VeFam is that VET is currently retesting a crucial area. More importantly, a successful retest from here would mean a 400%-500% bullish rally for the asset in midterm.
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