This research report aims to deeply explore the relevant issues of the project and provide valuable information to investors. This article does not constitute any investment advice, please invest rationally.
Worth noting:
From 08:00 on January 22, 25 to 07:59 on January 27, 25
Binance HODLer Airdrop takes historical snapshots based on the user's BNB holdings and rewards BNB holders with token airdrops. By using BNB to subscribe to regular and/or current products on the Earn Coin Platform, users will automatically be eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Detailed link: https://www.binance.com/zh-CN/bnb
Listed BERA on February 6, 2025, at 21:00 (UTC+8)
Token Name: Berachain (BERA)
Genesis token total supply: 500,000,000 BERA
Maximum token supply: Unlimited (annual inflation rate of 10% depending on release type)
Total amount of HODLer airdrop tokens: 10,000,000 BERA (2% of the total genesis token supply)
Participation link: https://accounts.binance.com/register?ref=764109512
Project Introduction
Berachain is a high-performance EVM-compatible blockchain built on the Proof of Liquidity consensus. Proof of Liquidity is an innovative consensus mechanism designed to coordinate network incentives, establishing strong synergies between Berachain validators and the project ecosystem. Berachain's technology is based on Polaris, a high-performance blockchain framework for building EVM-compatible chains on top of the CometBFT consensus engine.
Project Investment
Completed $42 million Series A financing on April 20, 2023, with a valuation of $420 million;
Completed $100 million Series B financing on April 12, 2024, with a valuation of $1.5 billion; co-led by Brevan Howard Digital's Abu Dhabi subsidiary and Framework Ventures, with other investors including Polychain Capital, Hack VC, Samsung Next, Laser Digital, Hashkey Group, Nomad Capital, Hypersphere, Cypher Capital, Rubik Ventures, Arrington Capital, Tribe Capital, and angel investors such as Antony Lewis, Director of Crypto and Blockchain Venture Capital at Temasek, Sandeep Nailwal, founder of Polygon, Feng Bo, founder of Dragonfly, and Yat Siu, founder of Animoca Brands.
Project Advantages
Innovative Proof of Liquidity (PoL) model
By adopting the Proof of Liquidity (PoL) model, Berachain optimizes the economic incentive mechanisms and governance structures based on blockchain protocols. Compared to traditional PoS and PoW consensus mechanisms, PoL places more emphasis on the collaboration between liquidity providers and validators, effectively enhancing the degree of decentralization, liquidity, and security of the network.
Dual-token economic system
$BERA, as the Gas token and staking token, not only supports the basic transaction fees of the network but is also closely linked to the security of block validation, ensuring the long-term stability of the network.
$BGT, as the governance token, grants users control and decision-making power over the network, allowing them to optimize protocol parameters through participation in the governance process, enhancing the flexibility and adaptability of the network.
$HONEY, as a stablecoin, provides a stable medium for payments and transactions within the ecosystem, reducing the negative impact of market volatility on participants and ensuring the liquidity and sustainability of the ecosystem.
Efficient incentive mechanism
The incentive market implements automatic distribution of incentives through the Reward Vault. By setting incentive rates and flexible reward mechanisms, validators and liquidity providers can receive corresponding rewards based on their contributions.
Users and validators can earn rewards through staking and providing liquidity, and allocate part of the rewards to delegators, creating a more active participation atmosphere.
Decentralized governance and community-driven
Through the $BGT token, community members can participate in decision-making, governing various parameters of the network, such as reward distribution in liquidity pools, protocol adjustments, etc., ensuring that the project's direction aligns with community needs.
Through a community distribution mechanism, Berachain allocates most tokens to community members, including distribution through airdrops, incentive programs, etc., enhancing user participation and the decentralization of the network.
Rich ecosystem support
Berachain provides strong support for DeFi and dApp applications, committed to promoting the popularity of decentralized finance through financial tools such as liquidity pools, lending markets, and decentralized exchanges (DEX).
The project emphasizes developer support, with the Berachain Foundation and R&D programs supporting the development of tools and infrastructure, promoting rapid ecosystem growth.
Transparent and adjustable token release mechanism
The token release mechanism of Berachain is based on linear vesting rules. After the initial unlocking, tokens will gradually vest over the next 24 months, ensuring a smooth market transition and sustainability.
The minimum incentive rate and dynamic adjustment mechanism help the project control changes in reward parameters, ensuring fairness in the network and healthy market development.
Token Information
Initial core contributors - 84,000,000 (16.8%)
Investors - 171,500,000 (34.3%)
Airdrop - 79,000,000 (15.8%)
Community initiatives - 65,500,000 (13.1%)
Ecosystem and R&D - 100,000,000 (20%)
Project Evaluation
Berachain is an innovative blockchain project that adopts the Proof of Liquidity (PoL) consensus mechanism, aimed at enhancing the decentralization of the DeFi ecosystem and the security of the network. Through flexible decentralized governance and token economics design, the project provides decision-making power to community members and incentivizes liquidity providers and validators to participate, further promoting the growth of the ecosystem. Despite facing technical challenges and market competition, Berachain's uniqueness and foresight give it significant potential in the blockchain field. If it can effectively address these challenges, it is expected to become an important platform in the future.
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