What to know:
- The initial supply of BERA consists of 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.
- Token distributions can be checked on the Berachain airdrop checker starting Thursday morning, and can be claimed using various EVM wallets like Metamask and OKX Wallet.
Layer 1 Berachain will distribute approximately 80 million of its BERA tokens to ecosystem and exchange users, marking its launch scheduled for Thursday.
The total initial supply of BERA stands at 500 million tokens, where 48.9% is dedicated to community engagement initiatives, such as airdrops and ecosystem development.
In detail, the airdrop distribution includes participants from the testnet, social media engagement, and various community members. The token allocation can be observed on the Berachain airdrop checker from Thursday morning, and these tokens are claimable through popular EVM wallets.
“The BERA token distribution involves a 15.75% airdrop targeted at Berachain community members, applications, liquidity providers, and other contributors, recognizing their significant role in shaping the pre-launch ecosystem and turning the theoretical chain into a thriving reality,” a post from Berachain states.
Pre-launch market speculation values the BERA token at $8, leading to an overall airdrop value of $632 million and a projected network market cap of $4 billion. These valuations are expected to fluctuate significantly soon after BERA’s activation.
This blockchain employs a proof-of-liquidity consensus mechanism to incentivize liquidity provision, earning it a dedicated following and an active social media presence, often characterized by the phrase: “Was this chain even real?”
A recent application aimed at generating liquidity for Berachain gathered more than $3 billion from users within just a week, as documented by CoinDesk, illustrating the high level of investor enthusiasm for the network.
