VeChain Unveils New Endorsement Feature for VeBetterDAO – Here’s How to Get Started

• The VeChain’s X/Economic Node Endorsement feature will go live on Monday, November 18; however, all “X Nodes and Economic” have been invited to join a Discord channel.
• An analyst believes that VET can reach $0.6 in six months once it successfully maintains its momentum above the current level.

VeChain (VET) has officially announced the launch of the much anticipated X/Economic Node Endorsement feature for VeBetterDAO. According to the information privy to us, this feature will go live on Monday, November 18. Meanwhile, all relevant details and step-by-step instructions on how to use it will be made public on the launch date.

Feature Drop
The X/Economic Node Endorsement feature for VeBetterDAO goes live from Monday! On that day, we’ll share additional details about the feature, and a step by step guide on how to use it. Before that, we invite X Nodes and Economic to join the token-gated…— VeChain (@vechainofficial) November 14, 2024

In relation to that, VeChain has disclosed that it is inviting all “X Nodes and Economic” to join a related Discord channel dubbed “VeBetterDAO Endorsement Chat”. Based on the channel description, this “ground” would be the meeting point for both dApp Builders and Nodes to collaborate, deliberate, reach an agreement, and finally generate endorsement.

How to Join the “VeBetterDAO Endorsement Chat” on Discord

According to the information at our disposal, users would first have to visit the official Discord server of VeChain (http://discord.gg/vechain). From there, they should navigate to the “#︱wallet-connect” and then click on “Join Channels”. From this level, users would have to follow a bot’s instructions to connect their Node-containing wallet securely. After this, the X Node or Economic Nodes would automatically give them access to the channel.

Fascinatingly, this instruction on the official VeChain account on X has been met with mixed reactions. According to a user identified as “Crypto Economy,” this could be a significant step toward the evolution of the ecosystem.

Collaboration between nodes and dApp builders will be key to driving growth and innovation. Excited to see what’s coming next!

However, another user identified as “Boosted_Yota” believes that connecting a wallet just to join a Discord channel could be a huge security risk. Meanwhile, an X user known as Michael Adkins suggests that there should be individual channels for each dApp instead of just “one big channel.”

Instead of just being one channel can it be separated into individual channels for each DAPP? Sure, a main chat is great for general info for new/old DAPPS nodes. But individual channels would be better so discussions pertaining to certain DAPPS don’t get lost.

What we Know About the X/Economic Node Endorsement feature

Based on the information we have, the Endorsement and subsequent apps that would be listed on the VeBetterDAO platform would ensure that two-way dialogue between X2Earn applications and relevant stakeholders is necessitated. Meanwhile, this would be done via channels including Discord, X, Discourse, and Telegram. However, apps are required to first secure a 100-point minimum approval value before they can go live.

Following this announcement, VeChain has declined by 5% but still maintained its weekly gains of 12% to trade at $0.024.

According to an analyst identified as Crypto_Erdemm, Vet could embark on a significant run to hit $0.6 in six months. At the time of his prediction, the asset was trading at $0.023. Also, renowned analyst Alan Santana believes that VET would imitate the previous cycle with a series of waves, giving investors the chance to sell at the top and repurchase at the bottom, as we formerly reported.

Source: Alan Santana on X