Berachain ‘proof-of-liquidity’ chain to launch on Feb. 6

Berachain’s principal is expected to be launched on February 6, more than a year after the project has published its public test and has obtained more than $ 100 million in funding.

This week, a layer 1 blockchain compatible with the Ethereum virtual machine called Berachain will deploy his Mainnet for chain users after years of development.

One X job From the Berachain Foundation confirmed that the Mainnet L1 is scheduled for a launch on February 6. “TGE will occur at the same time as the launch of Mainnet,” wrote the foundation, referring to the generation of tokens for the Berachain ecosystem.

From February 5, users can also consult the project tokenomics and check the cultivated Airdrops during the Testnet period of one year, which opened its doors in January 2024 with the code name “Artio”.

Berachain’s evidence of liquidity

The Berachain EVM L1 operated the COSMOS SDK toolbox to build a blockchain consensus design nicknamed “proof of liquidity”, a spun model of the popular proof network system.

According to the team, the proof of liquidity or the POL forces users to secure the network by providing liquidity to “defined primitives” rather than to simply mark the tokens. The new EVM L1 uses a triple token system, divided on BGT to mark out, with Bera as an indigenous gas token and stablecoin honey.

To win BGT, users must finance chain liquidity for decentralized financial views such as exchanges or lenders. The token cannot be bought in open markets, won only by the design of the team. However, users can burn BTG parts to receive Bera tokens. The burned BTG is irremediable.

In addition, the BGT filed deposited with validators generates honey awards at the honey reserve through protocol and “bribes”.

Berachain has been under development since 2021, following the collection of non -bubble tokens called “Bong Bears”. The NFT series And Berachain was created by a team of four pseudonym co-founders identified under the monickers man bera, Dev Bear, Papa Bear and Smokey the Bera.

The team raised $ 42 million in a private token sale in April 2023 and 100 million dollars in a B-co-directed B-set by Brevan Howard Digital Branch and Framework of Brevan Howard Dhabi.