KEY TAKEAWAYS
- Bybit will list BERA on its Spot trading platform, with deposits starting on February 5, 2025, and trading commencing on February 6, 2025.
- BERA operates on the Berachain network, a high-performance Layer 1 blockchain using Proof-of-Liquidity for sybil resistance.
- Participants in the BERA listing event must complete Identity Verification Level 1 to qualify for rewards, with specific terms excluding institutional users and market makers.
Bybit has announced the upcoming listing of BERA on its Spot trading platform. The listing process will begin with BERA deposits opening on February 5, 2025, at 10 AM UTC. The official listing of BERA is scheduled for February 6, 2025, at 1 PM UTC, followed by the opening of withdrawals on February 7, 2025, at 10 AM UTC.
Deposits and withdrawals for BERA will be facilitated via the Berachain network. Additionally, BERA will be available for trading through Spot Grid Bots once it is listed.
Understanding BERA and Berachain
Berachain is a high-performance, Ethereum Virtual Machine (EVM)-identical Layer 1 blockchain. It utilizes Proof-of-Liquidity (PoL) for sybil resistance, which is a method to prevent fraudulent activities by requiring liquidity as a stake. Built on the modular, EVM-focused consensus client framework known as BeaconKit, Berachain aims to deliver robust performance and scalability.
The asset name for Berachain is BERA, and it will be traded under the ticker symbol BERA. More details about BERA can be found in the official announcement here.
Trading and Participation Details
Bybit has outlined specific terms and conditions for participation in the BERA listing event. Institutional users and market makers are not eligible to participate. Users must complete Identity Verification Level 1 before the event concludes to be eligible for rewards. These rewards will be credited to users’ Funding Account, Spot Account, or Unified Trading Account within seven days after the event ends.
Bybit reserves the right to disqualify participants who engage in dishonest or abusive activities, such as bulk-account registrations to farm bonuses or any unlawful activities. The platform also reserves the right to modify the terms of the event without prior notice and holds the final interpretation rights.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
