Berachain Foundation Announces $632 Million Airdrop for BERA Token Launch

The Berachain Foundation, the driving force behind the proof-of-liquidity layer-1 blockchain Berachain, is set to launch its mainnet on February 6. As part of this milestone, the foundation has revealed a massive $632 million airdrop of its native token, BERA, which will be distributed to eligible users in conjunction with the mainnet launch.

Airdrop Details: 79 Million BERA Tokens Up for Grabs

In a February 5 post on X, Berachain announced that it will be airdropping nearly 80 million BERA tokens as part of its Ethereum Virtual Machine (EVM)-compatible layer-1 mainnet launch. According to the tokenomics outlined by Berachain, 500 million BERA tokens will be issued at Genesis, with 15.8% — roughly 79 million tokens — allocated for the airdrop.

The total value of this initial airdrop stands at an impressive $632 million based on the current $8 price per BERA token, as reflected in perpetual futures data on Aevo. However, it’s important to note that the futures market can be volatile, and the final amount of BERA to be airdropped could fluctuate.

The airdrop will begin on February 6, with eligible users able to check their allocation via the Berachain airdrop checker. However, those who earned allocations through social engagement or Request for Broposal (RFB) activities will be able to claim their tokens starting on February 10.

The largest portion of the airdrop will be directed towards Bong Bears NFTs holders and affiliated NFT projects, such as Bond, Boo, Baby, Band, and Bit Bears.

Additional Token Allocations and Use Cases

Beyond the airdrop, Berachain’s tokenomics document outlines the distribution of the remaining BERA tokens:

• 13.1% is allocated for community initiatives.
• 20% is reserved for ecosystem research and development.
• 34.3% is designated for institutional investors in Berachain.
• 16.8% will go to advisers and core developers from Big Bera Labs, the team behind the blockchain’s development.

The BERA token will serve dual functions on the Berachain network: as a gas token to pay for transaction fees and as a staking token to bolster network security.

Berachain’s Proof-of-Liquidity Consensus Mechanism

Berachain markets itself as a high-performance blockchain that is EVM-compatible, designed to transform liquidity into security through its proof-of-liquidity consensus mechanism. This unique mechanism ensures the security of the network while preserving liquidity by funneling a portion of the network’s revenues and profits back into the hands of ecosystem participants.

The $632 million airdrop is a significant step for the Berachain network, marking the launch of its mainnet and the distribution of its native BERA token to a wide audience of eligible users. With its proof-of-liquidity consensus and EVM compatibility, Berachain aims to carve out a space in the blockchain ecosystem, combining liquidity and security while offering a new platform for decentralized applications.