Berachain is a Layer 1 blockchain, compatible with the Ethereum Virtual Machine (EVM), built on the Cosmos SDK framework and using an innovative consensus mechanism called Proof-of-Liquidity (PoL). This mechanism incentivizes users to provide liquidity to the network by rewarding them with BGT governance tokens.

The Berachain ecosystem includes three main tokens:

BERA: The native token of the network, used to pay transaction fees and execute smart contracts. Transaction fees paid in BERA are subsequently burned, helping to control the total supply. BERA has an annual inflation rate of 10%

HONEY: A stablecoin backed by assets staked in Berachain, held at a stable value against a fiat currency, providing a trusted option for transactions and storing value.

BGT (Bera Governance Token): A non-transferable governance token, granted to liquidity providers. BGT holders can participate in network governance decisions and burn BGT in a 1:1 ratio to obtain BERA, but the reverse is not possible. $BERA #CryptoSupport