Golden Finance reports that Upbit, a well-known cryptocurrency trading platform in South Korea, recently announced an important adjustment. At the special request of the Berachain (BERA) project team, Upbit has changed the distribution schedule of BERA. This adjustment has drawn widespread attention from participants in the cryptocurrency market, especially those investors who are looking forward to or have already participated in BERA-related activities.
Before the change, the distribution schedule of BERA on the Upbit platform ended on February 6, 2025. Under the communication and coordination of the project team, Upbit extended this deadline to June 9, 2025. Upbit did not elaborate on the specific reasons for this change, but it is speculated that it might be related to the development pace of the Berachain project, the adjustment of its marketing strategy, or to better adapt to the overall cryptocurrency market environment.
Berachain, as an emerging blockchain project, has attracted much attention since its launch. It is a high-performance blockchain compatible with the Ethereum Virtual Machine (EVM), and its uniqueness lies in the adoption of a consensus mechanism based on Proof-of-Liquidity. This innovative mechanism aims to motivate all participants to maintain a certain level of liquidity, thereby providing a guarantee for the stable and efficient operation of the entire blockchain ecosystem. Different from the traditional consensus mechanism, Proof-liquidity allows users to participate in the verification process of the network while providing Liquidity and obtain corresponding rewards. This model brings new ideas to the development of blockchain.
In terms of the token economic model, Berachain has a unique multi-token system. Its native token, BERA, is the core of the ecosystem, mainly used to pay transaction fees and also serves as an important asset for validators to stake to ensure network security. In addition, Berachain also has the governance token BGT, through which holders can participate in major network decisions and influence the development direction of projects. Moreover, Berachain has also issued a stablecoin softly pegged to the US dollar, collateralized by a diversified asset pool, and the governance of this stablecoin is jointly participated in by the community to ensure its stability.
Previously, on February 6, 2025, as the Berachain mainnet was about to go live, the project team disclosed the economic details of the BERA token, which sparked intense discussions in the market. The distribution plan for a total of 500 million BERA tokens is very clear. Among them, 84 million were allocated to the initial core contributors, accounting for 16.8%. 171.5 million were allocated to investors, accounting for 34.3%. 244.5 million pieces were allocated to communities, accounting for as high as 48.9%. Among them, airdrops accounted for 15.8% and future community plans accounted for 13.1%. Another 100 million pieces are used for ecology and research and development, accounting for 20%. At the token release, 9.5% of the BERA supply will be unlocked for key areas such as ecosystem growth, developer tools and infrastructure construction, as well as liquidity allocation. Moreover, all parties follow the same vesting schedule. After a one-year lock-up period, one-sixth of the allocated tokens are unlocked, and the remaining five-sixth of the tokens are linearly vested within the following 24 months.
This change in the distribution schedule of BERA by Upbit means that investors have more time to participate in related activities and plan their own investment strategies. For the Berachain project team, this might be an opportunity to optimize project promotion and improve ecological construction. As the distribution schedule is extended, the project team may be able to interact more fully with the market, attract more potential users and investors’ attention, and further enhance Berachain’s influence in the cryptocurrency market. As for the Upbit platform itself, this adjustment also demonstrates its proactive response to the demands of project partners, which is conducive to strengthening the cooperative relationship with project parties and improving the service quality and competitiveness of the platform in the field of cryptocurrency trading. In the coming months, as the distribution deadline of June 9th approaches, the distribution situation of Berachain on the Upbit platform and the overall development trend of the project will both become the focus of market attention.
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