Bitrue, a major global cryptocurrency exchange, has announced full support for the Berachain network, a Layer 1 blockchain positioned to compete with Ethereum and Solana.
As part of its commitment to the network, Bitrue will list Berachain’s native token, BERA, with trading slated to begin on February 6, 2025, at 13:00 UTC.
Bitrue’s Chief Marketing Officer, Adam O’Neill, expressed the exchange’s excitement about offering early exposure to BERA, acknowledging the growing demand among investors for early access to high-potential tokens.
He added:
At Bitrue, we’re proud to offer day-1 support for a highly anticipated coin like BERA to our users.
Commitment to Berachain ecosystem
In addition to listing the token, Bitrue plans to bolster the Berachain ecosystem by providing extensive marketing support, including AMAs and events.
The exchange has also completed integrations that will allow it to fast-track listings for other tokens launched on Berachain, enabling a quick turnaround for new projects.
Shruti Kohli, Bitrue’s Head of Business Development, emphasized the importance of the integration, stating, “We’ll be able to support this ecosystem and its new tokens at the earliest possible opportunities, helping to connect developers with new supporters.”
Over a dozen potential projects have already been identified for future listings, with outreach efforts already underway for the first group of tokens.
To celebrate the listing of BERA, Bitrue is launching two special events for its users:
- Power Piggy listing: BERA will be available in Bitrue’s flexible investment product, Power Piggy, at a 10% annual percentage rate (APR) starting February 6th, 2025, at 14:00 UTC.
- Deposit contest: Users who deposit BERA on the exchange will be eligible for rewards based on their deposit amounts.
Berachain’s token generation event
Berachain is set to hold its token generation event (TGE) on February 6, 2025, coinciding with the listing of BERA on Bitrue.
The blockchain introduces an innovative Proof-of-Liquidity (PoL) consensus mechanism, which aims to improve on the traditional Proof-of-Stake (PoS) by separating gas tokens from governance tokens.
This structure is designed to support liquidity within the Berachain ecosystem and incentivize active on-chain participation.
By aligning incentives among validators, users, and protocols, the PoL consensus supports liquidity, trading efficiency, and network growth.
More than $2.1 billion has already been pre-staked by the community in anticipation of the network’s launch.
Berachain has secured significant financial backing to support its vision. The network raised $42 million in private funding in April 2023 and successfully closed a $100 million Series B round in April 2024.
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