This week, the VeBetterDAO team are excited to introduce the 'Endorsement' mechanism – an innovative new way for Economic and X node holders to play an active role in platform governance, and further decentralize the Better ecosystem.

In the initial version, apps must obtain a minimum score of 100 points – awarded by Nodes (detailed scoring below) - to be eligible for active participation in weekly allocation rounds. By working with Node holders – a key pillar of governance in the VeChainThor ecosystem – the community can drive quality and reliability across the VeBetterDAO platform.

The endorsement process empowers all stakeholders by facilitating transparent and collaborative two-way interactions among key ecosystem participants, with aligned interests in driving the best future outcome for the platform

Why Endorsements Matter

Endorsements mark a key step towards the Better ecosystem’s longer-term objective of decentralizing decision-making, and placing power in the hands of the community. This includes choosing which apps are eligible to join the platform, and ultimately earn weekly governance rewards – a role that currently sits with the VeChain Foundation.

As a key part of the VeChain governance network, we welcome and encourage active and engaged Economic and X-Node holders to work with builders and the community, as well as the VeChain team, to drive the platform forward.

How Endorsements Work

With endorsements now live, each app in the VeBetterDAO ecosystem requires a total score of 100 to be eligible for allocation rounds - all apps have a grace period of 2 weeks from the start of Round 21 to be able to obtain the requisite score.

Scoring is based on endorsements from Economic and X nodes, with each tier contributing a specific value. Apps can receive endorsements from multiple nodes, allowing them to gradually accumulate points to reach the required total.

• Node Influence: Different node levels contribute different scores. Higher-level nodes offer a greater impact on an app’s score, ensuring that endorsement power aligns with node responsibility.

• Grace Period for Score Recovery: If an app’s score drops below 100 due to a loss of endorsements, it enters a two-week grace period. During this time, the app remains active but must regain the required score; otherwise, it will be marked inactive for allocation rounds after the grace period expires. However, inactive apps remain visible in the app section, allowing them to continue seeking endorsements.

• Flexible Endorsement Management: Both nodes and apps can withdraw endorsements. If a node removes its endorsement and the app’s score falls under 100, the app has two weeks to secure new endorsements. Apps may also remove specific endorsements from nodes at any time if they choose, providing flexibility and alignment with their goals.

New Apps: Decentralizing Entry into VeBetterDAO’s Ecosystem

New app creators can now initiate their journey with VeBetterDAO by submitting an application form directly on the platform. Upon approval, they receive a Creator’s NFT, which allows them to submit their app for endorsement through the VeBetter platform directly, as well as join the endorsement channels on Discord to connect with Node holders.

During this time, the app will become visible in the VeBetterDAO app section with a “looking for endorsement” status.

• Application and Verification: Submit your app through VeBetterDAO, and upon eligibility, receive a Creator’s NFT to apply for endorsement.

• Connect with Node Holders: Using the Creator’s NFT, join a dedicated Discord channel where you can interact with node holders to discuss endorsements, building valuable connections within the ecosystem.

• Visibility While Pending: Apps in the endorsement-seeking phase are visible in the app section, enabling users to explore and interact with their profile. Creators have the flexibility to manage endorsements and may remove any node’s endorsement at their discretion.
  
  

Creators NFT

The Creators NFT is an ERC721 Token (non-transferable) minted to creators submitting their app for the first time.

A user can hold a maximum of one NFT per wallet, irrespective of the number of X-Apps they manage. Additionally, app administrators, through the app detail page in VeBetterDAO, may mint up to three NFTs for team members, with the ability to revoke them.

The burn policy dictates that a creator's NFT will be burned if the associated X-App is blacklisted, and the user has no other active X-Apps.

Existing Apps: Transitioning to the New System

Existing apps will be integrated into the endorsement system with a two-week grace period to obtain the required 100-point score. If an app does not secure sufficient endorsements within this time, it will be marked as inactive in allocation rounds.

However, the app will still be visible in the VeBetterDAO app section, where it can continue seeking endorsements until reactivated.

Economic and X Node Holders: The Backbone of VeChainThor

Economic and X node holders are now at the heart of VeBetterDAO’s app endorsement mechanism. By logging into the VeBetter platform and connecting wallet, Node holders can the explore apps and provide endorsement as they see fit.

Node holders are invited to join a dedicated Discord channel where they can connect to our bot and access a special channel for communicating directly with app creators, on topics from app objectives to potential impact, before making endorsement decisions.

Please note: Connecting your wallet on Discord is done solely for verification purposes, and to ensure users hold the relevant NFT. VeChain does not store any personal information and has no access to users' wallets or funds.

• Influence and Responsibility: The app ecosystem’s quality is in your hands, making node holders responsible for setting VeBetterDAO’s standards and future direction.

• Engage with App Creators: In the dedicated endorsement Discord channel, node holders can chat with app creators, discussing endorsement possibilities and app goals.

• Flexible Endorsement Choices: Node holders have the flexibility to remove their endorsements at any time or switch support to different apps, ensuring alignment with the most promising projects in the ecosystem.

Node holders and app creators can mutually agree on the terms of endorsement, defining expectations from both sides.

App creators may offer shares, tokens, rewards, exclusive features, experiences, or prizes to node holders who endorse their apps. In return, node holders can provide endorsements, support by engaging with the VeChain community, and assist with the app's operations and daily activities.

There are no mandatory requirements or formal agreements; the terms are left to the discretion of the apps and node holders to discuss and negotiate an arrangement that best meets their needs.

Check Out VeBetterDAO Endorsement - Putting Power In Your Hands

Come explore VeBetterDAO’s app ecosystem and learn more about how you can play an active role in the future development of the platform. Visit the website, connect with the community and let's build the future, together!