Berachain’s mainnet will be launched on 6 February, more than a year after the project had released its public test network and obtained more than $ 100 million in financing.
This week an Ethereum virtual machine-compatible layer-1 blockchain called Berachain will roll out its mainnet for users in chains after years of development.
An X after The L1 -Minnet of the Berachain Foundation has planned planned for a launch of 6 February. “TGE will take place at the same time as Mainstet launch,” the foundation wrote, referring to the tokenteration event for the Berachain ecosystem.
From 5 February, users can also view and check the tokenomics of the project and check for AirDrops during the Testnet period of the year, which was opened in January 2024 with the codename ‘Artio’.
Berachain’s Proof-of-Liquidity Chain
Berachaha’s EVM L1 tapped the Cosmos SDK Toolkit to build a blockchain consensus design called ‘Proof-of-Liquidity’, a model that was spun from the popular proof-of-stake network system.
According to the team, Proof-of-Liquidity requires that users protect the network by offering liquidity to “defi-primitives” instead of just putting tokens. The new EVM L1 uses a triple tok system, spread over BGT for turning off, with Bera as the native guest smoking and the stablecoin honey.
To earn BGT, users must finance the liquidity of chains for decentralized financing views such as fairs or lenders. Token cannot be purchased on open markets, only deserved according to the team’s design. Users can, however, burn BTG coins to receive Bera tokens. Burned BTG is irreparable.
In addition, Klantated BGT generates honeystablecoin rewards through protocol costs and “bribes”.
Berachain has been developing since 2021, after the non-giant token collection called “Bong Bears”. The NFT series and Berachain were made by a four-person team of pseudonymous co-founders identified among the Monickers Homme Bera, DEV Bear, Papa Bear and Smokey the Bera.
The team collected $ 42 million in a private topping sale in April 2023 and $ 100 million in a series B-round led by the Brevan Howard Digital Branch and Framework Ventures from Abu Dhabi.
