A Cosmos-based Layer-1 (L1) blockchain with a custom EVM that operates a Proof-of-Liquidity (PoL) consensus mechanism. The network is focused on DeFi with PoL where Liquidity Providers (LPs) and DeFi protocols are rewarded with the chain’s token emissions via a dual token system:

BGT: a non-transferable governance token used to secure the chain via staking and direct rewards; staked BGT dictates the portion of BGT emissions that are sent to LPs on Berachain’ DeFi protocols.

BERA: the network’s gas token.

Project Function

Berachain allows users to build and interact with decentralized applications as well as participate in providing liquidity to secure the network via PoL and receive rewards.

Token Utility 

BERA is Berachain’s native token used to pay for gas/transaction fees on the network.

About The Founders

The founders of Berachain are a pseudonymous group of individuals deeply rooted in the decentralized finance (DeFi) and NFT space. While their real identities remain undisclosed, they go by the aliases Smokey The Bera, Papa Bear, Homme Bera (also referred to as Man Bera), and Dev Bear.

Risks of BERA

Like an investment in other crypto assets, there are some general risks to investing in BERA . These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in BERA is subject to the following specific risks:

BERA operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with BERA . Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The BERA community and Berachain founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of BERA have no recourse to the BERA community, Berachain founding team, or Uphold if BERA declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing BERA on the Uphold Platform, Uphold performed due diligence on BERA and determined that BERA is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of BERA , including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of BERA .

Any marketing materials put forward by the BERA social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with BERA , including any code defects, security breaches and other threats concerning BERA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with BERA, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BERA.