Berachain is an EVM-identical layer 1 blockchain designed to overcome the issue of fragmentation and stake centralization. Utilizing the Proof of Liquidity, Berachain ensures liquidity in decentralized finance (DeFi) applications, users can stake their assets in the network while using them in DeFi protocols. The team confirmed the mainnet and the $BERA Airdrop launch on February 6, causing anticipation around the price during the launch.
What is Berachain?
Berachain is an EVM identical layer 1 blockchain offering high-speed and low-cost transactions, thereby overcoming the scalability issues of traditional blockchains. Instead of Proof of Stake consensus, a consensus mechanism known to maintain scalability, the platform uses a new consensus mechanism, known as Proof of Liquidity, enabling users to stake their assets in the platform without the need for locking, enhancing liquidity. The blockchain ensures security and decentralization as that of Ethereum and speed and scalability as that of Solana, making it a strong contender in the blockchain industry.
How Berachain Work?
Since Berachain is identical to EVM, it allows developers on the Ethereum network to port their apps to the network, Berachain mirrors the app execution environment on Ethereum, eliminating the need to change the codes. The Proof of Liquidity consensus is an advanced model of Proof of Stake consensus, allowing staking without compromising liquidity. The multi-token structure makes governance and security a different aspect, boosting the network economy while maintaining consensus.
Berachain Native Token: BERA
Berachain operates using a multi-token model, separating governance and security from the economy. It has two tokens BERA and BGT. BERA is the native token of Berachain while BGT acts as the governance token. Berachain native token, BERA is used to facilitate network transactions including the gas fee and smart contract transactions.
$BERA Airdrop
The $BERA airdrop will launch on February 6, 2025, distributing 80 million BERA tokens worth $632 million to eligible users. Out of the total tokens delivered through the airdrop, 1.65% will be for Testnet users, 2.35% for Request for Brobosal, 2% for Boyco, 0.25% for social airdrop, 0.25% for Ecosystem NFT, 2% for Binance HODLers airdrop, 0.4% for strategic partners, and 6.9% for Bong Bears NFTs and rebases.
BERA Tokenomics
Evaluating the BERA tokenomics, the initial supply of tokens will be 500 million BERA tokens. Out of this 15.8% is allocated for airdrop, 13% for community initiatives, 20% for ecosystem research and development, and 16.8% for initial core contributors.
| Allocated Area | Allocated Percentage | Allocated Numbers |
|---|---|---|
| Initial core contributors | 16.8% | 84,000,000 |
| Investors | 34.3% | 171,500,000 |
| Community | 48.9% | 244,500,000 |
BERA Launch Price
The $BERA airdrop listing date is not yet confirmed, making many crypto enthusiasts anticipating the token price during the launch. According to reports, the BERA token will be listed on Binance and MEXC after the mainnet launch and token generation event. Being the native token of the Berachain, and posing numerous utilities in the network including transaction fees, staking, and providing liquidity, analysts predict the token will have a price of around $8 at the time of launch, and the price is likely to see a surge later on.
Is BERA a Good Investment?
With the unique Proof of Liquidity consensus and the ability to enable decentralization in liquidity, Berachain is aiming to make revolutions in the blockchain industry. Serving as Berachain’s native token BERA can used for various network activities including gas fees, smart contract transactions, maintaining liquidity, and more. With the token listing, the price will increase, making this the best time to invest in BERA. However, the highly volatile nature of crypto and associated risks make it difficult to predict the future of the token, do proper research, and make an informed decision.