$BERA
Berachain is a Layer 1 blockchain that introduces a novel Proof-of-Liquidity (PoL) consensus mechanism, aiming to align network security with liquidity provision. This approach incentivizes users to provide liquidity, enhancing the functionality and scalability of decentralized applications (dApps) built on the platform.
The native token of Berachain is BERA, which serves as both the gas and staking token within the ecosystem. The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.
On February 6, 2025, Berachain launched its mainnet and initiated an airdrop of approximately 80 million BERA tokens, valued at around $632 million at pre-launch prices. This airdrop is part of the project's efforts to distribute tokens to eligible users and promote the adoption of the platform.
As of February 6, 2025, the BERA token is trading at approximately $13.73 USD, with a 24-hour trading volume of $700,516,739 USD. The current market capitalization is around $1.47 billion USD, with a circulating supply of 107,480,000 BERA coins.
For more detailed information about Berachain and its ecosystem, you can visit their official website:Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. It's advisable to conduct thorough research and consult financial advisors before making investment decisions.
