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Mk Maheri
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#BERAonBinance Berachain is an EVM-compatible Layer-1 blockchain based on the Cosmos SDK and uses a unique Proof-of-Liquidity consensus mechanism. It aims to turn liquidity into security. Berachain has raised $42 million in funding from investors such as Polychain Capital, Shema Capital, and Tribe Capital. Its estimated valuation has reached $420 million.
Berachain has three tokens:
$BERA: Used to pay gas fees.
$BGT: A token used for governance.
$HONEY: A native stablecoin.
Berachain recently launched its testnet "Artio", which allows users to earn rewards through airdrops. To participate, users must perform various activities on the testnet, such as exchanging tokens, providing liquidity, and participating in governance.
The mainnet of Berahachain is expected to launch in the second quarter of 2024, and there are also rumors of a possible airdrop for early adopters and testnet participants.
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