Berachain lands on Crypto.com following a wave of major exchange listings
Crypto.com has just listed Berachain, following a series of recent lists on several major centralized exchanges.
Berachain (Bera) was officially listed On the crypto.com application, allowing users to buy the token with USD, EUR and more than 20 other fiduciary currencies. This development adds another important step for the rapid growth project, which has already obtained lists on some renowned centralized exchanges, in particular Mexc,, Upbit and Bithumb.
After her crypto.com list, Bera reached a summit of $ 14.99. However, the price has since dropped by almost 50%, adjusting to around $ 7.65 from press time.
Berain officially spear On February 6, after more than a year of anticipation after the publication of its public test. During this period, the project obtained more than $ 100 million in funding.
The origins of Berachain date back to the popular NFT collection known as “Bong Bears”. The NFT series was created by a team of four pseudonym co-founders who go through the nicknames man Bera, Dev Bear, Papa Bear and Smokey the Bera.
The project has won a lot of traction for its innovative mechanism for proof of liquidity. However, a manager of the game chain expressed his concern about the project The blockCriticizing the way Berachain collected large funds via NFTS before pivoting to build a blockchain later.
How does Berachain work?
Berachain is an EVM-identical Layer 1 Blockchain Built on the Customer Consensus Customer focused on the modular EVM known as Beaconkit. He uses a new mechanism of consensus of proof of liquidity, which differentiates it from the networks of proof of typical layoff. Bera serves both as a gas token and to be marked out for the Berachain network.
In addition to Bera, the Berachain network has BGT and honey. BGT is the jealous token that can only be won by providing liquidity to the primitives in chain, such as exchanges and lenders. Unlike traditional jealking tokens, the BGT cannot be purchased on the free market – it must be won thanks to active participation in the network. Users who acquire BGT can choose to burn it to receive Bera. Once the BGT is burned, it becomes irremediable. The validators who deposit their BGT tokens also generate honey, the scoring of the network, as awards thanks to the protocol costs and the “bribes”.
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