Bitrue has announced its upcoming support for Berachain, a new layer-1 blockchain designed to compete with established networks like Ethereum and Solana.
Bitrue has announced its upcoming support for Berachain, a new layer-1 blockchain designed to compete with established networks like Ethereum and Solana. Trading for Berachain’s native token, BERA, is set to commence at 1 p.m. UTC on Feb. 6, coinciding with the platform’s Token Generation Event (TGE).
Berachain aims to provide an EVM-identical blockchain that leverages a proof-of-liquidity (PoL) mechanism, which the developers claim offers advantages over the proof-of-stake (PoS) systems utilized by its competitors. As part of the launch, 15.8% of the total supply of 500 million BERA tokens will be airdropped to eligible users.
In addition to the token listing, Bitrue has expressed its commitment to supporting developers within the Berachain ecosystem.
The exchange plans to facilitate this through extensive marketing efforts, including Ask Me Anything (AMA) sessions and various promotional events. The integrations necessary for the seamless listing of future Berachain-based tokens have already been completed.
Adam O’Neill, Chief Marketing Officer at Bitrue, emphasized the importance of early access to new projects for investors. The exchange aims to connect developers with potential supporters as Berachain establishes itself in the market.
To celebrate the introduction of Berachain and its associated projects, Bitrue will also host two special events for its users.
Beginning Feb. 6 at 2 p.m. UTC, BERA will be available on Bitrue’s Power Piggy, a flexible investment product that offers a 10% annual percentage rate (APR) for users who deposit the token.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
