Berachain Mainnet countdown! Adopting the 3-token model of BGT, BERA, HONEY

! [Countdown to the launch of BerachainMainnet!] Adopt 3 tokens BGT, BERA, HONEY model](https://img.gateio.im/social/moments-fef879178e2adb4a3804cf4075e61659 "Countdown to the launch of BerachainMainnet! It adopts the 3-token BGT, BERA, and HONEY model ")

The Berachain Foundation announced on Tuesday that Berachain Mainnet will officially launch on February 6th, and will simultaneously initiate the Token Generation Event (TGE).

The Foundation stated in a post on Tuesday: "Berachain Mainnet will launch on February 6th, and TGE will also be launched simultaneously. The token economic model and Checker( airdrop query tool) will be released tomorrow."

What is Berachain? **

Berachain is a Layer1 public chain compatible with the Ethereum Virtual Machine (EVM) (, based on the Cosmos SDK, and adopts a unique 'Proof of Liquidity (PoL) )' consensus mechanism. This innovative mechanism not only strengthens network security but also ensures liquidity supply, making the overall operation smoother and more resistant to attacks.

Berachain launched its public testnet Artio as early as January 2024, and the Mainnet was originally scheduled to launch in the second quarter of 2024. However, the official launch date has only been confirmed recently. After the Berachain Mainnet goes live, it will receive support from custodian institutions, cross-chain protocols, bridging protocols, and data availability solutions. The development of the ecosystem is highly anticipated.

Berachain is led by a group of anonymous founders, including Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera, and has been in development since 2021. The team has previously launched the NFT project Bong Bears and related series, while Berachain is their representative work in the field of blockchain infrastructure.

Berachain announced the completion of a $100 million Series B financing in April 2024, led by Framework Ventures and Brevan Howard Digital( Abu Dhabi branch). In addition, the project previously received a $42 million private token financing led by Polychain Capital in April 2023, demonstrating strong financial strength.

Adopting the 3-token model: the perfect combination of liquidity and security

In traditional Proof of Stake (PoS) blockchains, users often have to choose between 'maintaining network security through staking' and 'investing funds to participate in DeFi and earn profits.' However, Berachain's Proof of Liquidity mechanism cleverly integrates these two aspects - users must first provide liquidity through DeFi protocols in order to qualify for contributing to network security, thereby further enhancing the capital efficiency of the ecosystem.

Berachain is designed with 3 tokens:

• Governance Token BGT(Berachain Governance Token): Liquidity providers can receive BGT as a reward, but users cannot trade or transfer it, and can only earn it by providing liquidity. BGT can be used to participate in network governance and delegate to validators
• Native token BERA: Used for paying transaction fees (Gas fees )and block rewards. Users can obtain BERA by destroying BGT at a 1:1 ratio.
• Ecological stablecoin HONEY: Berachain ecological stablecoin, pegged to the US dollar, mainly to provide users with stable transactions.

In addition, validators (Validators) also reinvest staking rewards into the Berachain ecosystem to ensure that the network maintains high liquidity. By staking BGT to validators, users can not only obtain HONEY tokens, but also receive additional income through the "bribery" mechanism, forming a unique incentive mechanism.

According to reports, protocols that are approved by the community governance mechanism can be directly integrated into Berachain's liquidity pool, further reducing costs and improving capital efficiency.

The team noted, "This will be a significant opportunity for validators of the Cosmos ecosystem. For a long time, it has been difficult for funds and participants in the EVM space to enter the Cosmos ecosystem, and Berachain is expected to become a bridge between the two blockchain worlds."