Berachain Co-Founder Discusses Token Model at 2024 Hong Kong Web3 Carnival

According to Foresight News, during the '2024 Hong Kong Web3 Carnival', Berachain's co-founder, Smokey, discussed the company's token model. He explained that within this model, BGT serves as the governance and staking token, which can only be earned, not purchased. BERA, on the other hand, is a Gas token used to pay for Gas fees. Berachain employs a liquidity proof mechanism, where users provide liquidity to the liquidity pool and in return, receive the governance token BGT. These tokens can then be delegated to validators. As of now, the Berachain ecosystem comprises over 200 projects, with more than five of these projects boasting over a million users each.