According to Foresight News, Smokey, co-founder of Berachain, said that in the Berachain token model, BGT is a governance and staking token that can only be earned, not purchased; BERA is a gas token used to pay gas fees. Berachain adopts a liquidity proof mechanism, where users provide liquidity to the liquidity pool, obtain governance tokens BGT, and can delegate to validators. Currently, the Berachain ecosystem has more than 200 projects, of which more than 5 projects have more than 1 million users.