#BERAonBinance
Berachain (BERA) is a Layer-1 blockchain built using the Cosmos SDK, offering full compatibility with the Ethereum Virtual Machine (EVM). It introduces a novel consensus mechanism called Proof of Liquidity (POL), which aims to enhance network security and liquidity by allowing users to stake tokens directly, thereby addressing challenges related to liquidity and decentralization.
As of February 6, 2025, BERA is listed on Binance, one of the world's leading cryptocurrency exchanges. Users can trade BERA against multiple pairs, including BTC, USDT, USDC, BNB, FDUSD, and TRY. The initial circulating supply at the time of listing is 107,480,000 BERA, representing 21.50% of the genesis total token supply.
The BERA token serves multiple functions within the Berachain ecosystem:
Gas Token: Used to pay for transaction fees on the network.
Staking: Validators are required to stake BERA to participate in network consensus and earn rewards.
Liquidity Provision: Users can provide liquidity to decentralized finance (DeFi) protocols within the Berachain ecosystem, contributing to the network's overall liquidity.
Prior to its mainnet launch, Berachain successfully raised over $3.32 billion in liquidity through the Boyco Vault program, which incentivized users to lock assets like ETH and WBTC in exchange for BERA airdrops. This initiative underscores the strong interest and confidence from the crypto community in Berachain's innovative approach.
So what is BERA holding for the crypto traders?
