BeraFi, the 1st Berachain project, shots up 270% after a string of exchange listings

Berafi, the first project built on the controversial Berachain, is live, with Berafi Token Trading on Uniswap, Kodiak, Mexc and more recently, Weex.

Berafi (Berafi) was launched on February 13 at 2:00 p.m. UTC with announcements on Uniswap, Kodiak and Mexc. The token made its debut at a price of $ 0,000,845 with a total offer of 800 million. After the launch, the price jumped at $ 0.00,316, representing a pump of 273%. However, it has since fallen to 0.001684, down almost 50% compared to its peak, according to Co Ringecko. Today, on February 14, Berafi was also Registered on Weex.

Berafi is built on BerainA layer 1 blockchain which launched on February 6 and won a lot of overhauling not only for its innovative consensus mechanism, but also for the concerns about his tokenomic and the initiate offense. More specifically, analysts have revealed problems in the Tokenomics, in particular benefiting the first investors and initiates.

Nevertheless, Berafi’s announcement, the very first project built on Berachain, aroused excitement because of its innovative DEFI approach. Specifically, Berafi Does not have manual gas costs for users because they are fully sponsored by the platform. In addition, Berafi aggregates liquidity in various dexes of Berachain, guaranteeing traders the best possible prices for their exchanges and allowing trade with a minimum shift. Users can also connect with their social supplier and start exchanging, without having to configure portfolios or private keys. The Berafi token is used for governance, liquidity incentives and a buyout mechanism to stimulate the growth of ecosystems.