Learn about Berachain, an innovative blockchain with a unique Proof-of-Liquidity model. Follow our 4 simple steps to create your own token on Berachain and take advantage of its deep liquidity and EVM compatibility!

What is Berachain and Why Should You Launch a Token There?

Berachain is an innovative EVM-compatible Layer 1 blockchain built using the Cosmos SDK and leveraging a unique Proof-of-Liquidity (PoL) consensus mechanism. Unlike traditional Proof-of-Stake (PoS) networks, Berachain incentivizes liquidity provisioning by requiring validators and delegators to stake Liquidity Provider (LP) tokens instead of just the native token.

Key Features of Berachain:

1. Proof-of-Liquidity (PoL): Encourages deep liquidity by making LP tokens the backbone of network security and governance.

2. EVM Compatibility: Supports smart contracts and dApps built for Ethereum, making it easy to migrate existing projects.

3. Tri-Token System:

• $BERA — The gas and utility token of the network.
• $HONEY — A stable unit used for governance and staking rewards.
• $BGT (Berachain Governance Token) — Used for protocol governance.

4. Composability & Interoperability: Built on Cosmos SDK, enabling seamless communication with other Cosmos-based chains via IBC (Inter-Blockchain Communication).

Why Launch a Token on Berachain?

1. Enhanced Liquidity Incentives: The PoL model creates a strong demand for LP tokens, which can help boost liquidity for new tokens.
2. Lower Competition & Early Adoption Benefits: Since Berachain is still emerging, early adopters can establish a strong market presence.
3. Cross-Chain Potential: Integration with Cosmos IBC allows your token to be used across multiple chains beyond Berachain.
4. Strong Community & Meme Culture: The ecosystem has a strong degen and DeFi-friendly community, making it a great place for viral token launches.
5. Developer-Friendly Environment: Being EVM-compatible allows projects to leverage existing Ethereum tooling and infrastructure.

Step-by-step token creation

Step 1: Visit CoinFactory Berachain Token Creator

Step 2: Connect your wallet

Start by connecting your wallet to the CoinFactory Generator page. You need to connect the account that will be the owner of the smart-contract and where the initial token supply will be initiated. If you don’t have such a wallet, you can consider popular and secure options like MetaMask and Trust Wallet.

Click on EVM networks.

Select your wallet app.

If you don’t have a network installed in your wallet, the wallet will prompt you to add one.

If you are using MetaMask, the wallet app will ask you to confirm the addition of the new network.

Check to see if the network has switched on the site. If the network has not switched, which happens when the network is newly added to the wallet, do it manually.

Click on Berachain.

Step 3: Choose a contract template

Next, choose a contract template based on the functional requirements of your project and fill in the mandatory fields in the token creation form.

There are three most popular templates:

1. Standard Token: This type of contract comes with all the standard features of the ERC-20 standard.
2. Essential Token: Includes the basics from the ERC-20 standard, plus extra features! Customize your token by setting supply limits, ownership parameters, and even consider its mintable, burnable, pausable, and blacklist functionalities.
3. Taxable Token: This versatile token, built on the ERC-20 standard, blends essential features with added flexibility. Tailor your token by enabling automatic tax or fee deductions from transactions.

Step 4: Define Token Details

Scroll down the page to the token creation form.

Next, you’ll be prompted to define the details of your ERC-20 token. This includes information such as the token name, symbol, total supply, and decimals. Take your time to carefully consider these details as they will define the characteristics of your token.

After filling out the form, click the “Create token” button, and you will see a confirmation form. Please double-check the data before confirming because once the contract is deployed on the blockchain, changes become impossible. If everything is filled out correctly, click “Deploy contract” and confirm the transaction in your wallet.

🎉Congratulations! Your own token on the Berachain network has been successfully created. You can visit Berascan to verify that the token minting to the contract owner’s address was completed successfully.

Сonclusion

Berachain is a promising blockchain for launching tokens due to its unique economic model, deep liquidity incentives, and strong developer support. If your project is focused on DeFi, liquidity provisioning, or governance innovations, launching on Berachain could provide significant advantages.

Tools for a coin on Berachain🐻🍯

• Token Creator: Create your own Token without coding. Customize with metadata, supply;
• Mint Tokens: Mint new supply of your Tokens on Berachain. This action is available only for token admin;
• Burn Tokens: Burn your Tokens to remove tokens from circulation and increase token value;
• Renounce Ownership: Revoking the admin role will guarantee that nobody will ever be able to mint new tokens in the future or update metadata;
• Token Multisender: Send tokens to multiple addresses in one transaction using our fast, convenient and low cost Multisender.