Key Takeaways
- BurrBear is a ‘One Stop Stablecoin Shop’ for the prominent Berachain ecosystem.
- The price of BURR in the public sale is $0.0118.
- 20.45 M BURR is exclusively available for the round.
- The event has been active since March 31 and is likely to end soon.
Initial DEX offering (IDO) is an integral part of blockchain projects. IDO is a fundraising event in which a company or blockchain project sells its newly introduced tokens to investors and the public through decentralized exchanges. BurrBear’s ICO is active now and interested buyers can navigate to the Fjord’s official website and purchase the BURR tokens. This article comprehensively explains the much-needed details of the BurrBear IDO. Let’s move on to that without any further delays.
What Is BurrBear?
BurrBear is a ‘One Stop Stablecoin Shop’ for the Berachain ecosystem that provides advanced pool types that service stablecoin issuers, tokenized real-world asset projects, and DePIN (Decentralized Physical Infrastructure Network) projects. BurrBear, being the ‘One Stop Stablecoin Shop’ for Berachain, offers real-world assets pools to bring TradFi markets on-chain, multi-stable pools for the traditional USD: USD format trades, and a generalized pool for token trades that follow the generalized format. With these advanced provisions, BurrBear aims to support the growth of stablecoins.
BURR is the native cryptocurrency of the project that has a total supply of 100 Million. 20 million tokens are allocated to public sale, including IDO and Initial Exchange Offering (IEO) events. BURR holders will be able to participate in the governance programs of the BurrBear, and all the rewards and incentives within the ecosystem will be distributed in BURR tokens. The tokenomics of BURR is given below.
Tokenomics of BurrBear Token
- Ticker: BURR
- Total Supply: 100 Million
- Contract Address: https://berascan.com/token/0x28e0e3B9817012b356119dF9e217c25932D609c2
| Sl No | Category | BURR Tokens |
|---|---|---|
| 1 | Public Sale | 20 Million |
| 2 | Pre-Sale | 15 Million |
| 3 | Ecosystem Fund | 4 Million |
| 4 | LP Incentives | 20 Million |
| 5 | Protocol Owned Liquidity | 6 Million |
| 6 | Airdrop | 5 Million |
| 7 | Team | 10 Million |
| 8 | Market Making | 10 Million |
BurrBear Initial DEX Offering (IDO)
BurrBear’s IDO has been active since March 31 and the campaign is available in Fjord Foundry, a community-focused launchpad platform designed to incorporate innovative crypto projects. The public sale will end on April 2, 2025, and the token will be available at a fixed price of $0.44 per BURR. A total number of 20.45 M BURR, which is 20% of the total token supply is exclusively available for the public sale round. The BurrBear project aims to raise $9 million during this ongoing phase, and they set the pre-valuation at $44 million.
Basic Details Of BurrBear IDO
- Token Sale Type: LPB
- Network Chain: Bera
- Token Vesting: None
- Launch Partner: Honeypot Finance
- Round Type of the Sale: Public
- Selling: Allowed
- Project Token Released: 756.8K
- Collateral Tokens acquired: 17.04K
- Swap Fee: 2%
How To Participate In The BurrBear IDO
Let us look at the general steps to purchase BURR from Fjord Foundry,
- Step 1: Set up a wallet to hold funding tokens, the tokens you fund will be used to purchase the BURR tokens. USDC, ETH, DAI, and WETH are the commonly recommended tokens.
- Step 2: Fund your wallet with either of the tokens mentioned above.
- Step 3: Connect your wallet to Fjord Foundry’s official website.
- Step 4: Select the BurrBear fixed-price sale, and the details of the BurrBear IDO will be available at the Fjord Foundry website’s interface.
- Step 5: Make your purchase using your funded tokens.
BURR Current Market Statistics
- Price: $0.0133
- Trading Volume: $11.05 K
- Liquidity: $155.6 K
- Funds Raised: $17.04 K
- Sale Market Cap: 107.6 K
- Fully Diluted Valuation (FDV): $1.88 Million
- Token Released/Available: 756.8 K/9.0 Million
The Bottom Line
The event is in its final hours, so if you want to purchase BURR from the Fjord Foundry, then it is the best time to navigate there and initiate your purchase. According to the latest information, the platform makes sure that 100% of the purchased tokens will be distributed among the buyers at the time of the token generation event itself by eradicating the vesting period. Eliminating vesting periods could be beneficial for buyers who are looking for immediate access to their purchased tokens from the public sale.