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I had a chance to catch with Smoki The Bera, and there are some things that I want to chat about this morning.
The first is the tokenomics upgrade that happened only with Bera, which Smokey has explained that “more, I will say, I would, easy to use in the context of thinking, ‘Okay, I am someone who is not deep in mourning, how to take Bera and do something productive with it?’
But let me return-Uptgrade originally moves Bera from a token that is only used for both stakeing and gas, and gives it the ability to potentially become a revenue-edged property.
Right now: Berachain has Bera and BGT.
“The underlying changes that we have put forward … that is now a part of the encourages that were usually flowing from the ecosystem projects to BGT, in fact it will move back towards buying Bera, and those who choose to put their bera at stake, they can effectively earn those people effectively.” He said. ”
“It is somewhere between the value redistribution and asset approach. And I think it also means that there are many more applications within the ecosystem that can do everything now – to stock the bera for your treasure, to use the ends of the yields around the bera basically as base property.”
Berachain launched its mennet earlier this year, and its tokens hit a market cap of $ 1 billion. However, the Bera Chart is on a downtrend in the last three months.
In February, after the launch of the Mennet, BocccacCio of Blockworks Research noted This “market has developed this cycle, which is moving away from the complex DEFI and TVL-focused protocol in favor of trading functionality and fast chain.”
I asked Smoki how Berachain normally fits in what Crypto investors want at this point.
“We are definitely looking at the world of the Web2 and Web3 smashing together, whether it is a treasury vehicle or just looking at the more sophisticated capital allocation space,” he said. “I think when we look fast blockchain as businesses, this is the place where we are focusing with proof of liquidity, it becomes a little more interesting.”
For Berachain, it is about how it can increase the activity by investing its resources properly.
“The chain is like generating revenue in itself – the genuine yielding slash – from the application building above it. The application itself is also effectively getting a penny multiplier that they are spending what they are spending that an application will usually say, ‘Okay,’ Okay, ‘Okay, I am ready to spend my $ 1 price to use for my app.”
“And we think it becomes really interesting when it comes to the ecosystem, because it really means that, at the end of the day, the series is putting its money where it has its mouth.”
The smokey sees tokenomics upgrade as a “fundamental” step towards ramping network activity.
He said that Berachain had a lot of publicity at the launch, but now a separate landscape post-TGE faced that we are starting to pay more attention to businesses that either generate revenue or have onchain stability.
With the basic things in the play, Smoki said that Berachain “plans to double what we are doing well”, while “the market is currently valid.”
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