All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- The VeBetterDAO EVearn platform has updated its reward system for Tesla drivers.
- VeChain and VeBetterDAO have continued to promote green or environmentally sustainable initiatives.
EVearn, an initiative of VeChain’s broader VeBetter platform, has announced key updates in its reward system. EVearn demonstrates VeChain’s transformative potential in the automotive ecosystem, allowing Tesla drivers to earn crypto rewards for sustainable charging.
New Updates on EVearn Rewards
In a series of X posts, EVearn revealed plans to upgrade how rewards are distributed to users. The platform explained that it needs to do away with its current reward distribution system, where users receive 1 B3TR token per 1 kWh charge. According to EVearn, a recent analysis revealed that it distributes tokens above its weekly allocation.
EVearn, therefore, thinks it is time to introduce a smarter system. The platform replaces the current reward distribution system with a dynamic rewards model. Per the new update, rewards will vary based on weekly B3TR allocation. The new model will also adjust automatically based on actual user activity.
EVearn will split weekly rewards into hourly time slots. Thus, the distribution will adjust each hour, and rewards will be allocated based on users’ activity. Rewards speed up when activity is low and increase during high activity.
With the dynamic model, EVearn aims to provide fairer, sustainable, and responsive rewards for the entire community. EVearn is a blockchain-based rewards program designed to incentivize eco-friendly driving behaviors. Users do not need to understand blockchain technology before utilizing the platform.
EVearn allows Tesla drivers to earn rewards for sustainable activities like charging at renewable energy stations. Others opt for off-peak charging times to reduce grid stress and share anonymized driving data for environmental research.
EVearn is part of VeChain’s broader VeBetterDAO ecosystem. The platform empowers individuals and businesses to meet sustainability goals through transparent reporting and accountability.
VeChain Turns Rewards into Real Value
Through VeBetterDAO, users earn B3TR tokens by completing environmentally friendly actions. They can use the tokens to buy goods or services, without converting to fiat currency or navigating crypto exchanges.
As featured in our recent coverage, VeChain unveiled a new payment integration, the Stella Pay Visa card. This new payment integration turns digital rewards into real-world purchases across Visa’s global network of over 130 million locations in more than 200 countries.
The card allows token holders to spend B3TR, VET, and VTHO tokens like traditional money. Users can order the card in person, online, or digitally through Google Wallet or Apple Pay.
With transparent and tamper-proof documentation, VeBetter also precludes greenwashing, cultivates greater stakeholder trust, and ensures real environmental progress.
In a recent study we reported on, VeChain partnered with 4ocean and the UFC Foundation in a Miami Beach cleanup project. The partnership leveraged cleanup as a showcase for Cleanify dApp, a decentralized application that operates on the VeBetter ecosystem and VeChain’s blockchain network.
