Author: Tom Mitchelhill, CoinTelegraph; Compiler: Tao Zhu, Golden Finance
The Berachain Foundation (the organization behind the liquidity proof layer 1 blockchain Berachain) has announced an airdrop plan for its native BERA token, worth approximately $632 million, which will be distributed when the mainnet launches on February 6.
In a post to X on February 5, Berachain announced the launch of a layer 1 mainnet identical to the Ethereum Virtual Machine (EVM), which will distribute nearly 80 million BERA tokens to eligible users.
According to Berachain’s token economics document, Genesis will issue 500 million BERA tokens. Of these, 15.8% (or 79 million) will be airdropped to eligible users.
While BERA tokens have not yet been launched, according to perpetual futures data on Aevo, BERA is currently trading at around $8 per token.
Based on current prices, the total initial airdrop is approximately $632 million, but it is worth noting that pre-launch futures contracts are extremely volatile and the number of BERA planned to be airdropped may change.
Token distribution can be viewed on the Berachain Airdrop Checker, with initial claims starting on February 6th, however, users who received allocations from social engagement and Broposal requests will be able to claim from February 10th.
The largest share of the BERA airdrop will be distributed to holders of Bong Bears NFTs and affiliated NFT projects, including Bond, Boo, Baby, Band, and Bit Bears.
Bong Bears NFT series listed on OpenSea. Source: OpenSea
In addition to the airdrop, 13.1% of the supply is reserved for other community initiatives, while 20% is designated for ecosystem research and development.
15.8% of the initial supply of BERA will be airdropped to eligible users. Source: Berachain
Another 34.3% is reserved for Berachain’s institutional investors, while 16.8% is reserved for advisors and members of Big Bera Labs, core developers and contributors to the Berachain blockchain.
Berachain positions itself as a “high-performance, Ethereum Virtual Machine (EVM)-identical” layer 1 blockchain that aims to turn liquidity into security through its Proof of Liquidity consensus mechanism.
The upcoming Bera token will serve as the network’s gas token, used to pay transaction fees, and as a stake token to enhance network security.
Berachain’s Proof of Liquidity consensus mechanism maintains security and preserves network liquidity by transferring a portion of network revenue and profits back to ecosystem participants.
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