Berachain

What is Berachain (BERA)?

Berachain is a Layer 1 blockchain that is EVM-equivalent, which incorporates a unique consensus mechanism called Proof of Liquidity (PoL) that links liquidity provision to securing the network.  Berachain is constructed with the BeaconKit framework, which achieves complete compatibility with Ethereum execution clients, supporting the development and migration of applications. 

As a result of integrating Proof of Liquidity and Delegated Proof of Stake (dPoS), Berachain is able to secure an efficient network while providing incentives for decentralized liquidity.  The ecosystem that this creates is able to support various applications including automated market makers (AMMs), real world asset tokenization, and Layer 2 applications. 

The crypto economic model of Berachain is managed by a tri-token system with BERA as its primary native token to maintain balanced incentives for validators, end users, and applications alike.  Berachain was founded by several early contributors to DeFi including Dev Bear, Man Bera, Smokey The Bera, and Papa Bear.

Which are the Berachain tokens?

• Berachain utilizes a three-token approach, where each token has a specific function:
• $BERA – the network's native gas and staking token, charged for transaction fees and validator delegation purposes.
• $BGT - a non-transferable governance and rewards token, earned through liquidity and ecosystem participation.
• $HONEY - a stablecoin fully-backed by collateral and soft-pegged to the US Dollar for seamless payments.

Berachain Tokenomics  and Coin History

Berachain's native token, BERA, officially launched on February 6, 2025, with an initial price of $8.030, and was listed on several top exchanges. The first trading pairs of BERA listed were BERA/USDT, BERA/BTC, BERA/BNB, and BERA was also featured in Binance's HODLer Airdrops program that allowed users to earn BERA by participating in Simple Earn subscriptions. Berachain raised $100 million in a Series B round in April 2024 with notable investors, including Brevan Howard, Framework Ventures, and Polychain Capital. Other exchanges that listed BERA on the first day of trading included Bitrue, KuCoin, Bybit, Bitget, MEXC, and BingX, each with different trading pairs, services, and trading preferences, including spot and perpetual trading contracts.

Berachain Token Distribution

The $BERA token distribution is as follows:

• Core Contributors: 84,000,000 (16.8%) – For advisors and members of Big Bera Labs.
• Investors: 171,500,000 (34.3%) – For Seed, Series A, and Series B investors.
• Community Allocations (244,500,000 or 48.9%):
• Airdrop: 79,000,000 (15.8%)
• Future Community Initiatives: 65,500,000 (13.1%)
• Ecosystem & R&D: 100,000,000 (20%)

The total supply is capped at 500 million tokens. Additionally, $BGT, used for governance, operates with an annual inflation rate of 10%, controlled by governance.

Where Can you buy BERA Token?

To get $BERA, you can use several methods:

1. Bridging: Use the Berachain Bridge to transfer tokens from other blockchains. You can also exchange a small amount of your tokens for $BERA when bridging.
2. Exchanges: Crypto exchanges that list $BERA allow you to trade other assets for it, which can then be bridged to Berachain.
   Some of the Crypto Exchanges where you can buy BERA token are

• Binance
• Bittrue
• Kucoin
• ByBit
• MEXC
• Gate.io
• Hyperliquid
• Kraken
• BitGet and many more.

Wallets to store BERA (Berachain)?

Berachain supports any EVM-based wallet that allows RPC importing. Some compatible wallets include MetaMask, Rabby, Coinbase Wallet, Brave Wallet, and Frame. These wallets can be configured to work seamlessly with Berachain.