Berachain Proof-of-Liquidity blockchain, designed specifically to be compatible with Ethereum Virtual Machine (EVM), is set to launch on Friday, February 6th. The network, which had previously promised to launch within an unspecified timeframe in late 2024, will coincide with its Token Generation Event (TGE) featuring the symbol BERA. Furthermore, the eligibility verification tool for this airdrop will also be released on Thursday. This launch follows the completion of pre-launch liquidity pools and the Boyco program. These initiatives will help provide liquidity for projects and protocols launching alongside the main network. Additionally, community members can receive their rewards sooner. According to Berachain community data from Honey Jar, these pools have attracted over $3.3 billion in deposits from users, including popular assets like Ethereum, Bitcoin, and stablecoins. Now, these assets are expected to be transferred to the Berachain mainnet to support projects launched on this blockchain. Jack Biro, a member of the Berachain team, wrote in January: Boyco allows decentralized projects to secure their liquidity before launching the main network, giving them a powerful position for long-term success from day one without the need for years of capital accumulation. Berachain had also raised $100 million in April 2024 to develop its Proof-of-Liquidity technology. This mechanism leverages network incentives to enhance security and align the interests of users and developers. Earlier on Tuesday, the Honeypaper Foundation released more details about the benefits and risks of this Layer 1 blockchain.
