VeChain is facing criticism from its community regarding its ecosystem and the utility of its native token, VET. Concerns have been raised about the VeBetterDAO initiative, which some believe has overshadowed the need to address the value of the VET token. Companies can use VeChain's technology without holding significant amounts of VET, causing questions about the token's long-term value. The governance structure and allocation of funds have also been criticized. Critics fear the potential for centralization if VeChain and its partners control the majority of Authority Nodes. Overall, there are concerns about the utility and strategic importance of VET.



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