On January 31, according to the official announcement, the Berachain Foundation established 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 drive the growth of PoL (Proof of Liquidity), focusing on the stability and security of the Berachain protocol.
BGT is actually a "fair-launched" token, distributed to liquidity providers (LPs) and validators/stakers according to Berachain's PoL mechanism, 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 establish a strong liquidity base, benefiting the broader community as the ecosystem evolves. Furthermore, as BGT gradually decentralizes within the network, it promotes a decentralized governance structure, aligning the incentives of various stakeholders. By delegating governance power to the broad user base that actively contributes to Berachain.
