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Berachain (BERA)

Active Retrodrop 🔥
Total Raise: $142,000,000
Date: 20 Apr 2023 - 01 Jul 2024

Berachain is pioneering an EVM-compatible L1 network designed to incentivize liquidity and cooperation between node runners and dApps, by implementing the Proof of Liquidity consensus mechanism. The platform is powered by the three native tokens: $BGT - governance token of the platform, $BERA - native fees token and stablecoin $HONEY. 

With its unique approach to the blockchain economy, the project has garnered significant attention not only from the crypto community but also from top-tier funds and investors. Since the second half of 2023, the project has raised over $142M from investors such as Polychain, Hashkey Capital, and others.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Berachain Overview

Ticker: BERA
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: Berachain
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

Berachain Review

What is Berachain?

Berachain is an EVM-compatible L1 blockchain network designed to solve the liquidity and security dilemmas of PoS networks. It is powered by the Proof of Liquidity consensus mechanism, which enables Berachain network to increase the its liquidity without compromising its security capacities.

In general, the Berachain proof of liquidity consensus process works like this:

  • Users provide liquidity to the Bera chain DEX (BEX) and earn Berachain governance token - $BGT, which are used for delegating in Proof of Liquidity.
  • Users delegate those tokens to validators.
  • Validators produce blocks and earn rewards. They also have the ability to vote on future $BGT inflation across different LPs.
  • Validators distribute bribes (rewards) to their delegators.

For more information about its PoL mechanism, visit the Berachain docs.

🤑 Berachain token: The protocol has three different native tokens: $BGT, $BERA, and the stablecoin $HONEY. 

  • The first token, $BGT, is used for powering PoL mechanisms and voting. The $BGT token is a non-transferable asset that can be earned solely by contributing funds to the Berachain DEX (BEX).
  • The second token, $BERA, can be purchased or earned outside the BEX and is primarily used for paying gas fees within the network. 
  • Finally, $HONEY is a native stablecoin designed to reward node runners and delegators for contributing to the network’s governance and security.

By implementing this unique token economy model into its blockchain infrastructure, the Berachain crypto network incentivizes DeFi protocols and the network to cooperate, ensuring that all liquidity remains on-chain without compromising the network's security.

Considering the approaching launch of the Berachain mainnet and airdrop, the CoinLaunch team decided to conduct a comprehensive research on the Berachain protocol to find the major pros and cons of the project. Here’s what we found:

 

✅ Berachain pros:

  • Great, unique concept and design of the network;
  • Large user base of over 750K monthly users;
  • Over $142M raised since the April 2023; 
  • Strong PR, SEO, and growth marketing performance;
  • Presence of top-tier backers invested in the project;
  • Diverse network of top-tier partners supporting the protocol;
  • One of the project’s founders has worked at Apple, indicating a high level of experience and skills within the leadership team.

📛 Berachain cons: 

  • Lack of security assessment from the to[p tier auditors;
  • No clear roadmap;
  • No tokenomics released by the team yet;
  • Average Influencer marketing and Social media performance;
  • Weak marketing infrastructure.

Berachain Token Economy

Total Raise: $142,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Berachain Token Sale (ICO & IDO) Rounds

Private: Apr 2023 Past

Price: N/A
Tokens for sale: N/A
Raise: $42,000,000
Lock-Up: N/A
Private: Apr 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $100,000,000
Lock-Up: N/A
Retrodrop is active now! 🔥🔥🔥 Read More

Berachain Funds and Backers
(3/20)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
13 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
11 numbers of
investment
Read More
Animoca Ventures Logo
Animoca Brands (Ventures)
Score: Very High
10 numbers of
investment
Read More
View All

Berachain Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  20 May 2024 Upgrade

Berachain Team

Dev Bear
Dev Bear🐻‍❄️⛓️
Co-Founder
Homme the
Homme the ███ 🐻⛓
Co-Founder
Smokey The Bera
Smokey The Bera 🐻⛓
Co-Founder

Berachain News

Berachain Roadmap

Q1 2024

Berachain testnet launch

Q3-Q4 2024

Berachain mainnet and airdrop.

Berachain Airdrop & Retrodrop & Bounty

Airdrop for Early Adopters
Berachaing logo
funds
Start Date:
11 Jan 2024
End Date:
01 Jul 2024
Difficulty:
Easy
Winners:
N/A
Rewards:
N/A

Description

Berachain is an L1 blockchain network designed to solve the blockchain liquidity and security dilemma. It implements the innovative Proof of Liquidity consensus mechanism, which allows it to keep liquidity “on-chain”, without compromising network security. The Berachain Proof of Liquidity operates with three native tokens: governance token $BGT, native fees token $BERA and stablecoin $HONEY, which used to pay rewards for node runners. 

Currently, the network operates on its first public testnet version, Berachain Atrio, but according to some rumors in the crypto community, the launch of the platform’s mainnet along with a Berachain airdrop may occur as soon as Q2 2024.

Read More

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