Crypto exchange Bitrue announces upcoming support for Berachain, set to list BERA token.
In an exciting development for the blockchain industry, Berachain's native token, $BERA, is set to begin trading on the Bitrue exchange at 13:00 UTC on February 6. This announcement marks Bitrue's commitment to supporting the highly anticipated coin, BERA.
From 14:00 UTC on the same day, the BERA token will also be listed on Power Piggy, Bitrue's flexible investment product, offering a competitive Annual Percentage Rate (APR) of 10%. This move is aimed at celebrating the onboarding of Berachain and projects built on the network.
To make the occasion even more special, Bitrue has announced two unique events for its users. Details about these events are yet to be disclosed.
Bitrue's support for Berachain doesn't stop at trading and investment. The platform is also committed to supporting developers on Berachain through marketing, Ask Me Anything (AMA) sessions, and events.
Berachain is a Layer 1 blockchain built with the Cosmos SDK and compatible with the Ethereum Virtual Machine (EVM). It stands out from Ethereum and Solana due to its unique Proof of Liquidity (PoL) consensus mechanism. Unlike traditional proof-of-stake systems, Berachain rewards both validators and liquidity providers simultaneously, addressing the typical trade-off between staking security and capital efficiency.
Berachain supports three core native tokens—BERA (gas fees), HONEY (governance), and BGT (staking)—and facilitates various DeFi-native protocols like Beraswap and BeraLend, enhancing the ecosystem's liquidity dynamics.
As we await the mainnet launch and $BERA token listing across crypto exchange platforms, Bitrue has already completed the necessary integrations for seamless listing of future Berachain-based tokens. Shruti Kohli, Head of Business Development at Bitrue, expressed her excitement about fully integrating Berachain into Bitrue's systems to support the ecosystem and its new tokens at the earliest opportunities.
In addition to the trading and investment opportunities, Bitrue is also offering rewards to users who deposit BERA on its platform. As Berachain continues to grow and gain traction, it promises to bring improved capital efficiency and sustained liquidity compared to Ethereum’s and Solana’s more traditional staking and throughput models.
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In light of Berachain's upcoming $BERA token listing, technological advancements in the cryptocurrency sphere can be anticipated with the inclusion of BERA on Power Piggy, Bitrue's flexible investment product, offering a competitive Annual Percentage Rate (APR). Moreover, the news of unique events for Bitrue users related to Berachain hints at significant news in the realm of technology and the blockchain industry.
