- Vechain has recently announced that VTHO can be used to purchase carbon credits, marking a significant step for climate change and incentivizing initiatives enhancing practical solutions.
- Carbooneers have celebrated the sequestering of 220 carbon years, an effort that could be bolstered further through the purchase of the same using VTHO in their dApp.
VeChain (VET) through its innovative technology across its ecosystem continues to play a key role in offering inclusive climate change solutions. Through its VeChainThor Energy project which is powered by the VTHO token and VET token, the network can empower carboneers as they champion progress on climate change solutions.
This growing community brings together partnerships, communication, investments, and responsible governance to create sustainable policies for the benefit of all, now and in the future.
VeChain through its various innovations has established solutions that reward climate change activists and projects through its tokens. One such innovation is the VTHO token which could soon help offset climate damage and offer real-world solutions for sustainability.
As revealed by blockchain expert Collin Brown, Carbooneers have celebrated sequestered 220 carbon years, keeping 220 tons of CO2 out of the atmosphere. Additionally, the community could soon be able to purchase carbon years using VTHO in their dApp.
🌍🚀 Exciting news from Carboneers! They've sequestered 220 Carbon Years, keeping 220 tons of CO2 out of the atmosphere! 🌱💨 Plus, you'll soon be able to purchase Carbon Years using #VTHO in their dApp, pausing your carbon footprint by holding #VeChain #VET. Let's create a #B3TR… pic.twitter.com/9OlScNTDgn
— Collin Brown (@CollinBrownXRP) July 22, 2024
Carbooneers pride themselves on practical and real-world solutions, working with smallholder farmers. Carboneers sequester carbon and increase soil fertility in the Global South. Incentivized by VTHO, participants could increase their efforts and promote change.
At the time of writing, the VeThor is trading for $0.00255 after a 4% plunge in the past 24 hours. The drop coincides with an 87% fall in daily trading volume.
After a rebranding in 2018, VeChain runs on a dual-token system. VET is the core value token, but it needs VTHO, the “gas,” to run applications. Holding VET generates VTHO, creating a symbiotic relationship where VET demand could rise with increased VTHO use.
At the time of writing, VET is exchanging for $0.0288 after a similar 4% plunge in the last 24 hours. This extends the token’s weekly losses by nearly 10% with a market cap of a little over $2.3 billion.
Despite the price drop, the token remains one of the most promising investments based on its vibrant community and innovative infrastructure. It is further bolstered by its wide and inclusive ecosystem that seeks to build a comprehensive platform for environment-conscious persons, institutions, projects, and even governments worldwide.
Notably, VeChain has recently launched the VeBetterDAO platform. As Crypto Key News reported, VeBetterDAO is an ecosystem on the VeChain network for apps that promote sustainable actions and assets. It allows any app to tokenize its sustainable actions and reward users with B3TR tokens. Being a DAO, its governance is wholly in the hands of its community, and proposals are the avenue through which the members make their voices heard.
