TL;DR
- Berachain announced a $632 million airdrop of its BERA token, coinciding with the mainnet launch on February 6.
- Approximately 79 million BERA tokens will be distributed to eligible users, including testnet users, NFT holders, and community builders.
- The mainnet launch marks a significant milestone for Berachain, positioning it as a competitive player in the blockchain space with a focus on user accessibility and community engagement.
The Berachain Foundation has announced a massive $632 million airdrop of its native BERA token, coinciding with the launch of its mainnet on February 6. This move is expected to significantly impact the blockchain community and attract new users and investors to the platform.
Airdrop Details
The airdrop will distribute approximately 79 million BERA tokens, which is 15.8% of the total supply issued at Genesis. The tokens are currently trading at around $8 per token, making the total value of the airdrop approximately $632 million. However, it’s important to note that pre-launch futures contracts can be highly volatile, and the amount of BERA set to be airdropped may change.
Eligibility and Distribution
Eligible users include testnet users, NFT holders, community builders, and social media advocates. The largest share of the airdrop will go to holders of Bong Bears NFTs and affiliated NFT projects such as Bond, Boo, Baby, Band, and Bit Bears. Users can check their eligibility using the Berachain airdrop checker, with initial claims starting on February 6.
Community Initiatives
In addition to the airdrop, 13.1% of the total supply has been set aside for additional community initiatives, while 20% is earmarked for ecosystem research and development. An additional 34.3% is allocated to Berachain’s institutional investors, and 16.8% is reserved for advisers and members of Big Bera Labs, the core developers and contributors of the Berachain blockchain.
Mainnet Launch
The mainnet launch marks a significant milestone for Berachain, transitioning from a testnet to a fully operational network. The BERA token will serve as the network’s gas token for paying transaction fees and as a staking token to enhance network security.
Berachain promotes itself as a fast layer-1 blockchain that is compatible with the Ethereum Virtual Machine (EVM). Its goal is to convert liquidity into security using a proof-of-liquidity consensus method.
The combination of the mainnet launch and the generous BERA token airdrop positions Berachain as a competitive player in the blockchain space. With a focus on user accessibility and community engagement, Berachain aims to increase adoption and showcase the capabilities of its blockchain technology.
