Berachain, the L1 blockchain, is launching its mainnet along with the BERA token, which has already reached a $1B market cap. The launch follows an extensive testnet phase and is marked by significant pre-launch liquidity, placing Berachain as the 8th largest by total value locked (TVL). It employs a unique proof-of-liquidity (PoL) consensus mechanism, differentiating itself from traditional proof-of-stake networks by utilizing a dual token model. BERA serves as gas and for validator staking, while BGT functions as a non-transferrable governance token. Users can earn BGT through interactions with decentralized applications (dapps), incentivizing liquidity provision. Notably, BGT can be exchanged for BERA at a 1:1 ratio, affecting BERA's market value. The model allows liquidity providers a direct influence over future BGT emissions, creating a dynamic relationship with validators. Early participants benefit significantly from this structure, as increasing their BGT holdings grants them more control. At launch, Berachain emphasizes its native applications, including an AMM DEX and a money market, rather than outsourcing to third-party developers.

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