The Berachain Foundation plans to distribute $632 million worth of BERA tokens as part of its airdrop program which will start when mainnet launches on February 6. The forthcoming airdrop will deliver 80 million BERA tokens to qualified users which represents a major milestone for blockchain users.
Berachain, a layer-1 blockchain built to mirror Ethereum’s Virtual Machine (EVM), plans to issue 500 million BERA tokens at its Genesis. Of that, 15.8% (79 million tokens) will be airdropped.
Currently, the token trades at around $8 per BERA, bringing the total value of the initial airdrop to $632 million. However, it’s important to note that pre-launch futures can be volatile, so the airdrop value might change.
The airdrop will prioritize holders of Bong Bears NFTs and other related NFT projects, including Bond, Boo, Baby, Band, and Bit Bears. Starting February 6, users can claim their tokens, with additional claims for those involved in social engagements or the “Request for Broposal” campaign beginning on February 10.
Beyond the airdrop, Berachain has allocated 13.1% of BERA for community initiatives and 20% for ecosystem research and development. The BERA token will not only serve as the gas token for transactions but also as a staking token to enhance the network’s security.
Berachain’s unique proof-of-liquidity consensus mechanism aims to turn liquidity into security, ensuring a secure, high-performance blockchain while benefiting the ecosystem.
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