Berachain Mainnet Launch: February 6, 2025
Binance, one of the leading cryptocurrency exchanges, is thrilled to introduce the seventh project featured on its HODLer Airdrops Page – Berachain (BERA).
This marks an important milestone for Berachain as a Layer-1 (L1) blockchain. This launch signals the beginning of a new chapter, bringing fresh opportunities for users and developers in the crypto space.
Eligibility for Airdrop:
Users who have subscribed their BNB to Binance’s Simple Earn products between January 22, 2025, at 00:00 UTC and January 26, 2025, at 23:59 UTC are set to receive the BERA token airdrop.
Token Listing Details:
Following the airdrop, Binance will list Berachain (BERA) for trading starting from February 6, 2025, at 13:00 UTC. The token will be available to trade against several pairs including BTC, USDT, USDC, BNB, FDUSD, and TRY.
The “seed tag” will be applied to BERA, indicating its newness and potential risk associated with early-stage projects.
BERA Tokenomics:
- Token Name: Berachain (BERA)
- Genesis Total Token Supply: 500,000,000 BERA
- Max Token Supply: Non-capped, with a 10% yearly inflationary rate based on emission type.
- HODLer Airdrops Token Rewards: A total of 10,000,000 BERA, representing 2% of the genesis supply, will be distributed.
- Marketing Allocation: An additional 5,000,000 BERA will be allocated for marketing campaigns, to be distributed in batches 12 months post-listing. Specific details for these campaigns will be announced separately.
- Circulating Supply at Listing: 107,480,000 BERA, which is 21.50% of the genesis total token supply.
About Berachain
A Layer-1 blockchain called Berachain was constructed with the Cosmos SDK. It is very compatible with the Ethereum Virtual Machine (EVM), which makes it easier to create decentralized applications (dApps). Proof of Liquidity (POL), a revolutionary consensus technique used by the blockchain, provides a fresh take on network security and liquidity enhancement.
Users stake tokens through third-party service providers on the majority of blockchains that employ Proof of Stake (PoS). Berachain’s POL works differently. Users must choose between staking with a validator to secure the network or providing liquidity to core DeFi protocols. This approach helps solve two major issues: liquidity and network decentralization. By merging security with liquidity incentives, POL fosters a more balanced ecosystem.
Massive Liquidity Before Launch
Before the mainnet launch, Berachain raised over $3.32 billion in liquidity. This was possible through the Boyco Vault program, which allows users to lock assets like ETH and WBTC in exchange for BERA airdrops. The success of this program highlights the strong interest and confidence from the crypto community.
Berachain’s full tokenomics will be revealed on February 5, 2025, right before the TGE. This detailed breakdown will give insights into the distribution, utility, and future plans for Berachain’s tokens. Stay tuned for more updates as Berachain steps into the next phase of its journey.
