Berachain’s BERA now on PDAX 🐻

Are you paws-deep into Berachain’s BERA yet? 🐾

No, it’s not a bear wearing a chain (but that would be cool).  

Berachain officially launched its highly anticipated mainnet this February, introducing $BERA as the network's gas token.

Here’s the lowdown on everything BERA.

What is Berachain?

Berachain is an Ethereum Virtual Machine (EVM) identical Layer 1 blockchain with a unique Proof-of-Liquidity (PoL) system. 

Berachain introduces an innovative native liquidity solution at the consensus level to tackle the on-chain liquidity problem. Its approach allows users to stake assets while still utilizing them in decentralized finance (DeFi) protocols, addressing a major challenge in blockchain and DeFi.

It operates with three key tokens:

• BERA - The gas token used for transactions.
• Berachain Governance Token (BGT) - A governance token (non-transferable) earned by providing liquidity or lending. It’s used for on-chain governance decisions.
• HONEY - The platform’s stablecoin.

Unlike traditional Proof-of-Stake, it rewards users for providing liquidity, strengthening security and creating a liquidity-rich environment for dApps. 

Berachain allows developers to deploy Ethereum-based apps seamlessly with its modular Cosmos SDK design. Unlike EVM-compatible chains that need modifications, it mirrors Ethereum’s execution, ensuring easy upgrades, scalability, and flexibility for custom blockchain solutions.

BERA Tokenomics

Berachain's native token BERA has an initial total supply of 500 million tokens. Of this, 15.8% is allocated for community airdrops, benefiting early adopters and participants within the ecosystem. This supply is also subject to an annual inflation rate of approximately 10%, governed by the community, which means the total supply can increase over time. 

The all-time high price for $BERA was $14.83, recorded on February 6, 2025. As of now, $BERA is trading at $6.43 and is ranked #118 in terms of market cap as of writing.

Ready to start with crypto? BERA is now on PDAX. 🐻

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