The Berachain Foundation — the organization backing proof-of-liquidity layer-1 blockchain Berachain — has unveiled an estimated $632 million airdrop of its native BERA token set to be distributed alongside the launch of its mainnet on Feb. 6.
In a Feb. 5 post to X, Berachain announced the launch of its Ethereum Virtual Machine (EVM) identical layer-1 mainnet, with nearly 80 million BERA tokens being distributed to eligible users.
Source: Berachain
According to Berachain’s tokenomics documents, 500 million BERA tokens are to be issued at Genesis. Of this supply, 15.8% — or 79 million tokens — is set to be airdropped to eligible users.
While the BERA token has not yet launched, BERA is currently trading at approximately $8 per token, according to perpetual futures data on Aevo.
This puts the total initial airdrop at roughly $632 million at current prices, although it’s worth noting that pre-launch futures contracts can be extremely volatile and the amount of BERA set to be airdropped is subject to change.
Token allocations can be viewed on the Berachain airdrop checker with initial claims beginning Feb. 6, however, users who earned an allocation from social engagement and Request for Broposal users will be able to claim starting Feb. 10.
The largest share of the BERA airdrop will go to holders of Bong Bears NFTs and affiliated NFT projects including Bond, Boo, Baby, Band, and Bit Bears.
Bong Bears NFT collection listed on OpenSea. Source: OpenSea
BERA tokenomics
Outside of the airdrop, 13.1% of the supply has been set aside for additional community initiatives, while 20% is earmarked for ecosystem research and development.
15.8% of the initial supply of BERA will be airdropped to eligible users. Source: Berachain
An additional 34.3% is set aside for Berachain’s institutional investors while 16.8% is reserved for advisers and members of Big Bera Labs, the core developers and contributors of the Berachain blockchain.
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Berachain markets itself as a “high-performance, Ethereum Virtual Machine (EVM) identical” layer-1 blockchain, aiming to turn liquidity into security through its proof-of-liquidity consensus mechanism.
The upcoming Bera token will serve as the network’s gas token for paying transaction fees and as a staking token to enhance network security.
Berachain’s proof-of-liquidity consensus mechanism maintains security and preserves liquidity in the network by diverting a portion of the network’s revenues and profits back to ecosystem participants.
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