Introducing the VeBetterDAO Visa Card Incentive Program
Dear VeBetterDAO Community,
We are excited to share a new initiative that brings real-world utility to B3TR and strengthens the adoption of VeBetterDAO. As we continue building a decentralized and sustainable ecosystem, one key challenge has been making it easier for users to spend and utilize B3TR in everyday transactions. Today, we are taking a big step forward with the VeBetterDAO Visa Card.
Why the VeBetterDAO Visa Card Matters
The introduction of this card is a significant milestone for our ecosystem. It allows users to top up their Visa card with B3TR, making it instantly spendable anywhere Visa is accepted. This bridges the gap between Web3 rewards and real-world usage, ensuring that B3TR is more than just a token—it becomes a practical asset in users’ daily lives.
To open a VeBetterDAO Visa Card, users will need to cover an issuance fee of approximately $30. While this cost is necessary for onboarding, we want to ensure strong adoption and encourage early users to take advantage of this opportunity.
Incentivizing Early Adoption: A Proposal for Community Rewards
To further drive adoption, the VeChain Foundation is proposing a 1,000,000 B3TR allocation from the VeBetterDAO treasury to reward the first 5,000 users who activate their Visa card. Here’s how it works:
- Each user who successfully opens a VeBetterDAO Visa Card will receive 200 B3TR as a reward.
- The card issuer will be responsible for adding the 200 B3TR reward to users’ Visa card accounts.
- This reward will be directly credited to their Visa card account, allowing users to top up instantly or withdraw to an on-chain address.
- Rewards will be distributed on a monthly basis. At the beginning of each month, the card issuer will count the number of new activations from the previous month and distribute the corresponding B3TR rewards.
This initiative is designed to encourage more users to onboard, increase B3TR’s usability, and drive real-world adoption. We believe this will be a powerful step toward mainstream adoption of VeBetterDAO and its mission.
Below is the formal proposal for this initiative:
Proposal: VeBetterDAO Visa Card User Incentive Program
Summary
This proposal seeks to allocate 1,000,000 B3TR from the VeBetterDAO treasury to incentivize the first 5,000 users who activate the VeBetterDAO Visa Card. Each eligible user will receive 200 B3TR, which will be credited to their Visa card account by the card issuer. In total, this initiative will reward 5,000 users and distribute 1,000,000 B3TR over the campaign period.
Motivation
The VeBetterDAO Visa Card provides a seamless way for users to spend B3TR in everyday transactions. However, a $30 issuance fee may be a barrier for adoption. By offering a B3TR reward, we aim to encourage more users to activate the card and integrate B3TR into their daily spending habits.
Proposal Details
- A total of 1,000,000 B3TR will be allocated from the VeBetterDAO treasury.
- The reward will be available to the first 5,000 users who activate a VeBetterDAO Visa Card.
- Each eligible user will receive 200 B3TR, and the card issuer will be responsible for adding the 200 B3TR to users’ Visa card accounts.
- Rewards will be distributed at the start of each month, based on the number of new activations in the previous month.
Benefits to VeBetterDAO
- Increased Utility of B3TR – Users can spend their tokens more easily.
- Stronger Ecosystem Engagement – Encourages adoption of the VeBetterDAO Visa Card.
- Boosted Awareness & Adoption – Expands VeBetterDAO’s real-world usability.
Voting & Implementation
If approved, the incentive program will be implemented immediately after the VeBetterDAO Visa Card launch, with rewards starting in the following distribution cycle. The card issuer will be responsible for tracking new activations and distributing the 200 B3TR rewards to users’ Visa card accounts.
We invite the community to discuss and vote on this proposal. Your support and participation are essential in shaping the future of VeBetterDAO!
Let’s bring VeBetterDAO closer to everyday life.
Sincerely,
VeChain Foundation Team