In a manner befitting the grandeur of a Tsar’s feast, Crypto.com has at last opened its gates to the noble Berachain, following a series of triumphal listings upon the hallowed grounds of several major exchanges.
The vaunted Berachain (BERA) has been anointed within the Crypto.com App, where the peasantry may now partake in the acquisition of the token, using the humble USD, EUR, and a veritable cornucopia of other fiat currencies. This latest coup for the burgeoning project is but another jewel in its crown, having already graced the halls of such esteemed centralized exchanges as MEXC, Upbit, and Bithumb.
As if by divine intervention, BERA soared to the heavens, reaching an all-time high of $14.99. Yet, as is the way of mortal coils, it has since tumbled back to earth, its shine somewhat dimmed, resting at a mere $7.65 as the ink dries upon this parchment.
After a year of breathless anticipation, like a bridegroom at the altar, Berachain finally made its grand entrance on the 6th of February, having swelled its coffers with more than $100 million in the process.
Berachain is finally real.
ā Berachain Foundation š»ā (@berachain) February 6, 2025
In a tale as old as time, Berachain’s roots are entwined with the celebrated NFT collection, the “Bong Bears.” Crafted by a quartet of shadowy figures, known to the world only as Homme Bera, Dev Bear, Papa Bear, and the enigmatic Smokey The Bera, this collection has captured the hearts and minds of many.
Alas, while the project has been lauded for its innovative Proof of Liquidity consensus mechanism, a gaming-chain potentate has deigned to voice his skepticism, casting aspersions upon Berachain’s methods to The Block, bemoaning the project’s initial foray into NFTs before setting its sights on blockchain glory.
In the Womb of Berachain, How Does It Stir?
Berachain, an EVM-identical Layer 1 blockchain, stands upon the shoulders of the mighty BeaconKit, a modular EVM-focused consensus client framework. It employs a Proof of Liquidity consensus mechanism, setting it apart from the plebeian proof-of-stake networks. BERA, the token of choice, is both the lifeblood and the stake of the Berachain network.
Besides BERA, the Berachain tapestry weaves in BGT and HONEY. BGT, the staking token, can only be won through the noble act of providing liquidity to DeFi primitives on-chain, such as exchanges and lenders. Unlike the common staking tokens, BGT cannot be bought with mere goldāit must be earned through valor and participation. Those who acquire BGT may choose to consign it to the flames, in exchange for the precious BERA. Once BGT is consumed by fire, it is gone forever. And lo, the validators who commit their BGT to the cause shall reap HONEY, the network’s stablecoin, as rewards through protocol fees and the “bribes” of users.
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2025-02-07 15:28