Berachain Set to Launch Mainnet and Token Generation Event on February 6

Berachain, an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain, will officially launch its mainnet and token generation event (TGE) on Feb. 6, marking a major milestone for the project. The launch follows over a year of public testing and more than $100 million in funding secured across two rounds.

The Berachain Foundation confirmed the launch date in a post on X, stating, “TGE will occur at the same time as mainnet launch.” Ahead of the event, the project will release tokenomics details and eligibility checkers for airdrop participants on Feb. 5.

Proof-of-Liquidity Model and Triple-Token System

Berachain introduces a unique consensus model called proof-of-liquidity (PoL), which builds on the Cosmos SDK. Unlike traditional proof-of-stake chains, PoL requires users to provide liquidity to decentralized finance (DeFi) protocols instead of simply staking tokens.

The blockchain employs a three-token system:

• BERA – The native gas token of the network.
• BGT – A non-transferable governance and staking token earned through liquidity provision.
• HONEY – A stablecoin generated from validator deposits and protocol fees.

Users can burn BGT to receive BERA, but once burned, the BGT cannot be recovered. According to the team, this structure creates incentives that drive sustainable network participation.

Berachain’s Origins and Investor Backing

Berachain traces its origins to the 2021 NFT collection Bong Bears, which later evolved into a full-fledged blockchain ecosystem. The pseudonymous founders—Homme Bera, Dev Bear, Papa Bear, and Smokey The Bera—have since attracted significant venture capital backing.

The project secured $42 million in a private token sale in April 2023 and later raised an additional $100 million in a Series B round co-led by Abu Dhabi-based Brevan Howard Digital and Framework Ventures. Other notable investors include Polychain Capital, Hack VC, and HashKey Capital.

NFT Market Reactions and Investor Sentiment

Speculation about the token distribution has fueled interest in Berachain’s ecosystem NFT collections, including , , and . The collection saw a 38% spike, with the floor price rising to 103 ($288,000) as holders delisted their NFTs. The last recorded sale occurred on Feb. 3 for 69 ETH ($193,000).