Crypto.com has just mentioned Berachain, according to a series of recent mentions at various large centralized fairs.
Berachain (Bera) has been official stated In the Crypto.com app, users can buy token with USD, EUR and more than 20 other Fiat -Malutas. This development adds a milestone for the fast -growing project, which has already protected offers on a few renowned centralized fairs, including Mexc, Upbit and Bithumb.
After the list of crypto.com, Bera reached a record high of $ 14.99. However, the price has since fallen by almost 50%and settled from around $ 7.65 from the moment of the press.
Berachain officially launched On 6 February, after more than a year of expectation after the release of his public test network. During this period, the project provided more than $ 100 million in financing.
The origin of Berachain can be reduced to the popular NFT collection that is known as ‘Bong Bears’. The NFT series was made by a four-member team of pseudonymous co-founders who go through the Monikers Homme Bera, DEV Bear, Papa Bear and Smokey de Bera.
The project has received a lot of traction for its innovative proof of liquidity consensus mechanism. However, a director of a gaming chain has expressed his concern about the project The blockCriticize the way Berachain collected considerable funds via NFTs for the first time before they later have a blockchain pivot.
How does Berachain work?
Berachain is an EVM-identical layer 1 blockchain built on the modular EVM-oriented consensus client framework known as BeConkit. It uses a new proof of liquidity consensus mechanism, which distinguishes it from typical proof-of-stake networks. Bera serves as both the gas and the postponement for the Berachain network.
In addition to Bera, the Berachain network BGT and Honey has. BGT is the postponement that can only be earned by offering liquidity to Defi-Primitives on the chain, such as fairs and lenders. Unlike traditional strike tokens, BGT cannot be purchased on the open market – it must be earned by active participation in the network. Users who acquire BGT can choose to burn it to receive Bera. Once BGT is burned, it becomes irreparable. Validators who deposit their BGT -Tokens also generate honey, the Stablecoin of the network, as rewards through protocol costs and users of users.
