Berachain will become available for trading on MEXC Exchange starting from February 6. On February 5 the exchange will start its airdrop contest with combined prizes worth 19,100 BERA and 50,000 USDT to mark the new listing. The event continues through February 19 UTC as multiple opportunities exist for users of all experiences to obtain rewards.
The mainnet launch along with its token generation event for Berachain takes place during this time marking a critical achievement for the blockchain ecosystem. The Proof-of-Liquidity consensus of Berachain operates through the Cosmos SDK platform to encourage users who maintain network liquidity.
Berachain Secures Major Funding
This consensus system stands out from traditional Proof-of-Stake methods since it incorporates asset liquidity benefits which separate Berachain from competing Layer 1 networks.
Inside the Berachain ecosystem the operating system uses three different tokens that provide distinct functions. BERA serves as the native currency of Berachain network and it handles all transaction costs while BGT acts as the governance cryptocurrency distributed to security providers.
HONEY operates as a stablecoin which serves as a transaction method for collateral-backed operations. The network adopts a multi-token structure because it improves operational efficiency and stability through encouraging user involvement.
The origin of Berachain began when the company launched Bong Bears NFTs before eventually building its blockchain network. The developers behind Berachain projects concealed their identities through four names including Homme Bera, Dev Bear, Papa Bear and Smokey the Bear. Through effective expansion in the cryptocurrency sector Bong Bears NFTs has managed to draw developers as well as investors to its digital ecosystem.
Berachain obtained 100 million dollars in Series B funding via Framework Ventures and Brevan Howard Digital’s Abu Dhabi unit in April 2024. The private token sale of 42 million dollars conducted by Polychain Capital occurred in April 2023.
The obtained capital makes Berachain competitive among Layer 1 blockchain operators as it provides money needed to both increase its network ecosystem and enhance foundational infrastructure.
The Berachain blockchain network seeks top industry position through Proof-of-Liquidity consensus and multi-token economics which aligns with its strong investor support as well as planned MEXC exchange listing. The upcoming MEXC listing alongside their airdrop event supports the platform’s community adoption by bringing critical progress to current platform growth.
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