What Is Berachain? The 'Proof-of-Liquidity' Blockchain and BERA Airdrop
Berachain, founded by pseudonymous developers, is a layer-1 blockchain with its mainnet launching on February 6, 2025. It introduces a novel consensus mechanism, proof-of-liquidity, enhancing the alignment of incentives for network participants and improving security. Designed to be EVM-identical, it allows developers to easily port dApps from Ethereum. The blockchain uses two tokens: BERA, the gas token, and BGT, non-transferable governance and rewards token. Users stake BERA for network security and earn BGT through liquidity provision. The network also features HONEY, a soft-pegged stablecoin. A significant aspect of Berachain's launch is the airdrop of 79 million BERA tokens to the community, aiming to facilitate early participation and engagement. The Berachain project has gained traction through pre-launch liquidity initiatives, gathering significant assets and fostering a dedicated community through its NFT collections. With an eye on meaningful user interactions from day one, Berachain seeks to overcome common liquidity challenges faced by new blockchains.
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