"Berachain's BERA Token Launches on Upbit & Bithumb, Mainnet Unveils Unique Consensus"

Generated by AI AgentCoin World
Thursday, Feb 6, 2025 6:01 am ET1min read
ETH
--

Berachain, a South Korean blockchain project, is set to make a significant move with the simultaneous launch of its BERA token on two major exchanges, Upbit and Bithumb, on February 6, 2025. This event coincides with the release of Berachain's mainnet, which introduces a unique Proof-of-Liquidity consensus mechanism.

The BERA token launch will occur at 22:00 KST on both exchanges. Bithumb will initially support BERA/KRW trading with specific restrictions, while Upbit will offer BERA trading pairs with KRW, BTC, and USDT. This listing marks a key milestone in Berachain's evolution from an NFT project called Bong Bears to a full blockchain ecosystem.

Berachain's mainnet release features a technical architecture that is compatible with the Ethereum Virtual Machine (EVM) and implements a Proof-of-Liquidity consensus mechanism. This sets it apart from traditional Proof-of-Work or Proof-of-Stake systems.

Bithumb's listing of BERA will focus on Korean won trading pairs, with initial restrictions on buy and sell orders. These restrictions limit orders to between 10% and 100% of the standard price. After the first transaction, automatic orders will be allowed.

Upbit, on the other hand, will offer more trading pair options for BERA, including KRW, BTC, and USDT. The exchange has noted that the exact start time for trading might be adjusted based on liquidity levels to ensure a smoother launch.

In addition to BERA, Upbit is also adding two other tokens to its platform on the same day at 18:00 KST. Solana-based Jito (JTO) and Scroll (SCR) will become available for trading, limited to Bitcoin and Tether trading pairs.

The market has shown varied responses to these listing announcements. Scroll has experienced a notable price increase, rising more than 15% in the 24 hours following the announcement, reaching a trading price of $0.68. In contrast, Jito's price movement has been more modest, with only a 0.28% increase in the same 24-hour period.

The launch includes specific requirements for BERA deposits and withdrawals, which will only be possible through the new Ber