With the launch of Berachain’s mainnet, its innovative Proof-of-Liquidity (PoL) consensus mechanism has introduced a fresh narrative to the Layer 1 (L1) blockchain space. According to data from Artemis, Berachain has led the market over the past month with a net capital inflow of $876 million, maintaining exceptionally strong momentum and investor interest.

Source: app.artemis.xyz

Amid massive inflows of capital and user traffic, the meme sector has become an ideal testing ground. With its low entry barrier, viral nature, and community-driven culture, memecoins have rapidly emerged as a force to be reckoned with in the crypto market. BearCage, a multi-functional meme factory built on Berachain, is seeking to ride this wave and stand out. This article explores BearCage’s potential and challenges through its three core products, platform revenue model, and the $BEAR-centered token economy.

What is BearCage?

BearCage is an all-in-one meme creation hub built on Berachain, founded in 2024. The project has already launched its first major product, Pump On—a meme launchpad similar to Pump.fun—which allows users to create, manage, and trade memecoins on Berachain. The team also plans to release two additional core products in Q1: Honey AI, an AI agent platform for meme generation and management, and Bear Trade, a meme coin aggregator and trading tool.

Source: bearcage.xyz

BearCage’s ecosystem revolves around NFTs and the $BEAR token. The team launched its first NFT collection, Berabonds NFT, to incentivize early participation. $BEAR serves as the governance token of the BearCage DAO and plays multiple roles throughout the ecosystem. According to recent updates, BearCage successfully completed a community round for $BEAR, raising $400,000, and is now preparing for a public token sale.

To build a sustainable and positively reinforcing ecosystem, BearCage employs a fee-sharing model. Whether you’re a platform user, token creator, trader, or a staker of NFTs or $BEAR, you can earn consistent rewards regardless of broader market fluctuations.

Three Core Products

BearCage aims to become the gateway for trading and managing memes within the Berachain ecosystem, streamlining access to all of its decentralized applications and assets. The team has developed three core products to enhance the user experience to achieve this.

Pump On

Pump On is a meme coin launchpad built exclusively for the Berachain ecosystem, functioning similarly to Pump.fun. Users can easily create memecoins by entering a token name, symbol, and logo. The platform charges a flat fee of 1 $BERA for each token launch. BearCage has released both a web version and a Telegram-based application to broaden its reach. According to official data, the BearCage Telegram app has over 590,000 active users and over 146,000 connected wallets.

Source: bearcage.xyz

While Pump On closely resembles Pump.fun in terms of functionality—drastically lowering the barrier to entry for memecoin participation—BearCage has taken things a step further. Drawing inspiration from the Stake-to-Earn model used by the M3M3 platform, the team has designed a sustainable reward mechanism that benefits all ecosystem participants, including token creators, traders, and stakers.

Specifically, BearCage places strong emphasis on rewarding creators and stakers. It has established a rewards treasury, which receives 50% of all trading fees and a portion of $BEAR token allocations. These funds incentivize users who contribute to the ecosystem’s growth. NFT and $BEAR stakers earn ongoing yields through staking, without relying on market volatility or PvP (player-versus-player) dynamics. The more a user stakes, the higher they rank on the leaderboard—and the greater the rewards they receive.

Source: bearcage.gitbook.io

This model boosts user participation and memecoin liquidity and promotes the long-term sustainability of the entire ecosystem.

However, since Pump On is still in its early stages and hasn’t fully rolled out yet, the number of tokens on the platform remains limited—only a few dozen. The highest market cap among them is still just a few thousand dollars.

Launchpad Comparison

Data as of March 12, 2025

Honey AI

Built on the Honey AI infrastructure, users can create and deploy custom AI agents to execute complex, multi-purpose tasks tailored to specific needs. These tasks include providing real-time insights, market trends, and forecasts to help users develop trading strategies; identifying potential risks and flagging vulnerabilities to protect user assets; and automating trades by tracking liquidity and other market signals.

According to the team’s roadmap, the ultimate goal of Honey AI is to become a comprehensive meme-focused AI agent aggregator on Berachain. By integrating a wide array of AI frameworks, agents, and protocols, Honey AI aims to meet the diverse and evolving demands of its users.

Bear Trade

Bear Trade is a meme coin trading aggregator designed to deliver a seamless and efficient experience for meme traders. It will offer a full suite of features including token swapping, price alerts, trading bots, and more.

Tokenomics: $BEAR at the Core

$BEAR is the core token of the BearCage ecosystem and also functions as the governance token of the BearCage DAO. The total supply of $BEAR is set at 1 billion, with an initial circulating supply of 330 million tokens following the Token Generation Event (TGE). There is no institutional allocation, making $BEAR a fully community-driven token.

According to information released by the team, the $BEAR token allocation and distribution schedule are as follows:

The community round concluded in early February this year, with participation limited to holders of Berabonds Genesis NFTs and users on the OG whitelist from the Bera ecosystem. In total, the BearCage team raised $400,000 from 320 participants.

According to the latest updates, the team is preparing to launch the public token sale, which will be open to all users. The $BEAR token will be priced at $0.008 for this round.

Source: app.bearcage.xyz

At this stage, the team has launched an early rewards program to encourage community round participants to stake their $xBEAR on Berachain. The first 1,000 stakers will receive daily memecoin airdrops from tokens created within the BearCage ecosystem. The airdrop allocation is proportionate to the amount of $xBEAR staked. Currently, approximately 18.5 million $xBEAR tokens are being staked.

In addition to $BEAR, the BearCage team has also laid out plans for NFT asset issuance. The project’s first NFT collection, Berabonds NFT, was initially minted on the Artio blockchain and later launched on the Arbitrum network. Each chain hosts a limited supply of 3,333 NFTs. According to the team, the next planned release will be the Berapass NFT series.

Future Roadmap and Potential Challenges

According to the project’s roadmap, BearCage will focus on refining its core products during the first half of this year, rolling out the initial versions of Pump On, Honey AI, and Bear Trade. Moving forward, the team also plans to collaborate with additional projects within the Berachain ecosystem to support the growth of its meme-focused infrastructure.

Judging by current progress, the BearCage team has a clear vision and strategy. Backed by three major traffic engines—Berachain, memes, and Telegram—the project rapidly expands its user base and aims to become the dominant meme platform within the Berachain ecosystem. However, along this path, BearCage also faces a range of challenges.

• Although Berachain is currently enjoying strong momentum, it remains uncertain whether it can break through in the competitive Layer 1 landscape. Applications that rely solely on this ecosystem inherently share that risk. More importantly, while memecoins have become a formidable force in crypto, the market is still predominantly driven by speculative demand. Most memecoins lack clear utility or sustainable economic models. As a result, when market expectations shift or investor behavior changes, the meme market is prone to liquidity traps, which can lead to user attrition and ecosystem stagnation.
• While Pump On has introduced a potentially sustainable reward cycle, the market has yet to test and validate it. Its real impact remains to be seen. Similarly, although $BEAR has utility in governance and staking, its long-term value depends on developing more practical and continuous use cases.

In short, the market and users will need time for BearCage to prove its strength.

Final Thoughts

The success of Pump.fun has inspired many imitators—projects hoping to become the next meme-powered money machine through replication or innovation. BearCage is no exception. However, in the highly competitive and unforgiving world of crypto, few projects cross the finish line. We hope BearCage will have the wisdom, capability, and perhaps a bit of luck to be one of them.