CoinVoice has learned that, according to the official announcement, the Berachain Foundation has announced the establishment of the BGT Foundation, which is an independent entity representing the collective interests of BGT (Bera Governance Token) holders and acting on their behalf. The BGT Foundation will promote the rise of PoL (Proof of Liquidity), focusing on the stability and security of the Berachain protocol.
BGT is a ‘fair distribution’ Token, distributed to liquidity providers (LPs) and validators/stakers according to the PoL mechanism of Berachain, ensuring that individuals who contribute to the network can directly receive rewards. This distribution mechanism not only incentivizes participants from the beginning, but also helps to build a strong liquidity foundation, benefiting a wider community as the ecosystem develops. In addition, as BGT gradually disperses in the network, it promotes a decentralized governance structure, coordinating incentives for various stakeholders. By delegating governance power to the broad user base actively contributing to Berachain.
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