The Berachain Foundation, an organization supporting proof-of-liquidity layer-1 blockchain Berachain, announces that it will distribute $632 million worth of BERA tokens as part of its airdrop event, which will begin when the mainnet launches on February 6, 2025. On February 05, Berachain posted on X, announcing the launch of its Ethereum Virtual Machine (EVM) identical layer-1 mainnet, around nearly 80 million BERA tokens being distributed to eligible individuals.
The native token of Berachain, $BERA is not yet launched. However, currently, the token is trading for a price of around $8 per token. Although pre-launch futures contracts can be quite volatile and the quantity of BERA scheduled to be airdropped is subject to change, this puts the total inaugural airdrop at present prices at about $632 million.
The Berachain airdrop checker displays token allocations, with initial claims starting on February 6. However, beginning on February 10, those who received an allocation through social engagement and Request for Broposal will be eligible to make a claim. Holders of Bong Bears NFTs and related NFT projects, such as Bond, Boo, Baby, Band, and Bit Bears, will receive the lion’s portion of the BERA airdrop.
BERA Tokenomics
Community: 48.9%
Investors: 34.3%
Ecosystem and R&D: 20%
Initial Core Contributors: 16.8%
Airdrop: 15.8%
Community Initiatives: 13.1%
In addition to the airdrop, 20% of the supply is designated for ecosystem research and development, and 13.1% has been reserved for other community projects. 16.8% is designated for advisors and members of Big Bera Labs, the main developers and contributors of the Berachain blockchain, while an extra 34.3% is set aside for institutional investors in the company.
With its proof-of-liquidity consensus algorithm, Berachain positions itself as a ‘high-performance’ Ethereum Virtual Machine (EVM) identical layer-1 blockchain that seeks to transform liquidity into security. The future Bera token will be used as a staking token to improve network security and as the network’s gas token to pay transaction fees. By returning a share of the network’s earnings to ecosystem participants, Berachain’s proof-of-liquidity consensus mechanism protects the network’s security and liquidity.
What will the Launch Price of the BERA Token be?
In addition to the cryptocurrency airdrop, there is a lot of excitement about the upcoming listing of the BERA token. The Berachain blockchain network’s native token, BERA, can be used for a number of purposes, including proof of liquidity, staking, and transaction fees.
The listing value of the BERA token is unknown. However, it is now trading at roughly $8.030 per token. Since the pre-launch future contracts are so volatile, the price may change.
Additionally, the listing price of BERA could change depending on many factors, including crypto exchange listings. Investors should carefully evaluate the market around the BERA token generation event (TGE) and airdrop distribution to better understand and analyze the token’s worth at listing.
Things to be Noted
Blockchain fans eagerly await the introduction of Berachain’s EVM-identical layer-1 mainnet and BERA coin. The company that created the blockchain network finally revealed the Berachain airdrop on February 5 after much anticipation, and the first claims were made on February 6. A $632 million airdrop at the current BERA token price of $8.030 will be given to the qualified users. Furthermore, the token’s listing value is being hyped by the BERA TGE and MEXC listing. To determine the proper listing price and future trading tactics, investors must wait for more announcements, updates, and token generation events (TGE).
