Berachain will land on crypto.com following a wave of major exchange lists

Crypto.com just listed Bellachine, following a recent list of several major central exchanges.

Berachain (Bera) is officially listed on the Crypto.com app, allowing users to purchase tokens in USD, EUR and over 20 other Fiat currencies. This development adds another milestone to the rapidly growing project. This already secures a list of some reputable central exchanges, such as MEXC, Upbit, and Bithumb.

You might like it too: Berachain Mainnet will be available at Bitget Wallet at Airdrop Rewards

Following the list on Crypto.com, Bera hit a record high of $14.99. However, prices have since dropped nearly 50%, settling at around $7.65 at press time.

After the release of the public testnet, Bellachine officially launched on February 6th after more than a year of predictions. During this period, the project secured more than $100 million in funding.

The origins of Bellachine can be traced back to the popular NFT collection known as the “Bom Bears.” The NFT series was created by a team of four of them: Montmebella, Devma, Papa Bear and a pseudo co-founder going to smoky Bella.

This project has gained much traction for its innovative proof of liquidity consensus mechanisms. However, the game chain executives have expressed concern about the project blockcriticizing the way Bellachine first raised important funds through NFTs and pivots later to build a blockchain.

How does Bellachine work?

Berachain is an EVM identical layer 1 blockchain built on a modular EVM-centric consensus client framework known as BeaConkit. This employs new evidence of a fluidity consensus mechanism, distinguishing it from a typical proof network. The Bella acts as both the gas and staking token for the Bella Chine Network.

In addition to Bera, the Berachain Network features BGT and Honey. A BGT is a staking token that can only be obtained by providing liquidity to primitives in the chain, such as exchanges and lenders. Unlike traditional staking tokens, BGT cannot be purchased in the open market. It must be acquired through active participation in the network. Users who have obtained BGT can choose to burn it to receive Bera. When BGT is burned, it becomes easier to regain. Validators depositing the BGT token will generate Honey, the network’s Stablecoin, as rewards through protocol fees and user’s “briefing.”

You might like it too: Korean Upbit and Bitham February are available. 6