berachain is a modular block on cosmos like tia. At that time, we also launched tia at the earliest, with a price of 0.6 0.8, and it has risen all the way to 21 after it went online, so this project has great potential.

[Unbounded Club Research Project: berachain]

Project Introduction:

Berachain itself is a Cosmos L1 built with Polaris VM, with a novel liquidity proof consensus mechanism. Its operating principle is that users pledge blue-chip assets such as BTC, ETH and stablecoins, and entrust these assets to the POS consensus mechanism

Track: Public chain modular block

Project financing:

BeraChain has conducted two financing events since its launch, with a total financing of up to 110 million US dollars. It is currently the most highly valued public chain project and the most likely project on the Cosmos chain to rival Celestia.

The earliest round of A financing occurred on April 20, 2023, with a fundraising amount of US$4,200 and a valuation of up to US$420 million. It was led by PolyChain, and the participating institutions included OKX Ventures, Hack VC, dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree, Defi DOJO, CitizenX Crypto Ventures, Mustafa Al-Bassam, Zaki Manian, DCF GOD, Santiago Roel Santos, Joey Santoro, and Georgios Vlachos.

The second round occurred in the latest financing event on March 15, 2024, with a fundraising amount of US$69 million and a valuation of up to US$1.5 billion, invested by Brevan Howard Digital and Framework Ventures.

Project highlights: Two major trends linked to the public chain, modularization and mene attributes

Token name: bera

Total token amount: 10 billion

Expected launch: BN will be launched in the second quarter, ok#Berachain