Berachain (BERA) has been listed on the Crypto.com platform, highlighting its growing popularity and steady development. This step follows recent project successes, including listings on other major exchanges.
Berachain on Crypto.com
Berachain recently became available for purchase and exchange on Crypto.com. Users can conduct transactions in USD, EUR, and over 20 other fiat currencies. Following the listing, BERA's price reached an all-time high of $14.99 but later fell nearly 50%, stabilizing at around $7.65.
History and Concept of Berachain
The Berachain project originated from the popular NFT collection 'Bong Bears', created by a team of four pseudonymous co-founders. Despite its success, a gaming-chain executive expressed concerns, noting that the project initially raised significant funds through NFTs before pivoting to build a blockchain.
How Berachain Works
Berachain is an EVM-identical Layer 1 blockchain built on the modular BeaconKit framework. It employs an innovative 'Proof of Liquidity' consensus mechanism, setting it apart from traditional proof-of-stake networks. In addition to the main token BERA, the network includes BGT and HONEY. BGT is earned through providing liquidity, and HONEY is obtained as rewards and protocol fees.
With its listing on Crypto.com, Berachain continues to strengthen its position in the cryptocurrency market. Its innovative approach and backing from major exchanges provide the project with promising growth prospects.
