- Berachain airdropped 15.75% of BERA’s supply, with the token recording varied market movements.
- The blockchain’s novel mechanism enhances security while integrating seamlessly with Ethereum wallets.
- Berachain allocated 65.5M BERA for community incentives, ensuring sustained engagement and development.
Berachain introduced its proof-of-liquidity layer-1 blockchain and a BERA token airdrop valued at $1.17 billion at its peak price. The network’s mainnet launch marks a development in the blockchain space, offering a novel consensus mechanism and widespread community engagement.
BERA Token Launch and Trading
The BERA token began trading on leading centralized exchanges, including Binance, OKX, and Coinbase. The token reads a price value of $6.51, with a decline standing approximately at 15.60% at the time of reporting. The launch has generated substantial trading activity, making it a focal point for the cryptocurrency market.
Berachain allocated 15.75% of the total BERA supply, equivalent to 79 million tokens, for the airdrop. Of this, 11.15% (55.75 million tokens) became immediately available to users, valued at over $800 million during peak trading.
The remaining 4.6% is reserved for social media users, teams, and applications through the Request for Broposal program. Additional rewards will be distributed within 30-90 days to participants in the network’s pre-launch liquidity platform, Boyco.
Innovative Technology and Ecosystem
Berachain’s proof-of-liquidity mechanism aims to align participant incentives while enhancing network security. As an EVM-identical blockchain, it integrates seamlessly with popular Ethereum wallets such as MetaMask and Rabby, allowing users to interact with the network effortlessly.
The blockchain ecosystem includes three primary tokens: BERA, the native gas token; BGT, the governance token; and HONEY, the network’s stablecoin. The team also allocated 65.5 million BERA tokens for future community incentives, ensuring ongoing engagement and development.
Pseudonymous co-founder Smokey the Bera emphasized the importance of community rewards, highlighting the team’s commitment to supporting developers and applications on the platform. A tokenomics breakdown and eligibility checker were released to facilitate transparency and user access.
