Author: Tom Mitchelhill, CoinTelegraph; Translator: Zhu Tao, Jinse Finance
The Berachain Foundation (the organization supporting the Berachain Layer 1 blockchain powered by Proof-of-Liquidity) has announced an airdrop plan for its native BERA token, worth approximately $632 million, to be distributed at the mainnet launch on February 6.
In a post to X on February 5, Berachain announced the launch of its Layer 1 mainnet, which is EVM-compatible, and will distribute nearly 80 million BERA tokens to eligible users.
According to Berachain's token economics document, the Genesis will issue 500 million BERA tokens, of which 15.8% (79 million) will be airdropped to eligible users.
Although the BERA token has not yet been launched, based on perpetual futures data on Aevo, the current trading price of BERA is around $8 per token.
At the current price, the initial airdrop is worth approximately $632 million, but it's worth noting that the pre-launch futures contracts are highly volatile, and the amount of BERA planned to be airdropped may change.
The token distribution can be viewed on the Berachain airdrop checker, with the initial claim period starting on February 6, but users who receive allocations from social engagement and Broposal requests will be able to claim from February 10.
The largest share of the BERA airdrop will be allocated to holders of the Bong Bears NFT and affiliated NFT projects, including Bond, Boo, Baby, Band, and Bit Bears.
The Bong Bears NFT series on OpenSea. Source: OpenSea
BERA Token Economics
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 BERA supply will be airdropped to eligible users. Source: Berachain
Another 34.3% is reserved for Berachain's institutional investors, while 16.8% is for the advisors and members of Big Bera Labs, the core developers, and contributors of the Berachain blockchain.
Berachain positions itself as a "high-performance, EVM-equivalent" Layer 1 blockchain, aiming to convert liquidity into security through its Proof-of-Liquidity consensus mechanism.
The upcoming Bera token will serve as the network's gas token for transaction fees and as a staking token to enhance network security.
Berachain's Proof-of-Liquidity consensus mechanism maintains security and retains network liquidity by redirecting a portion of the network's revenue and profits back to ecosystem participants.
