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By Shaurya Malwa|Edited by Parikshit Mishra
Updated Feb 6, 2025, 9:26 a.m. UTCPublished Feb 6, 2025, 9:23 a.m. UTC
What to know:
Layer 1 Berachain will airdrop just under 80 million of its BERA tokens to ecosystem and exchange users as the decentralized finance (DeFi)- focussed network goes live later on Thursday, per a release.
The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.
STORY CONTINUES BELOW
The airdrop distribution included testnet users, social media participants, and other community members. Token allocations can be viewed on the Berachain airdrop checker as of Thursday morning and can be claimed using various EVM wallets like Metamask and OKX Wallet.
“The BERA token distribution includes an airdrop of 15.75% to Berachain community members, applications, liquidity providers and more as recognition of their contributions to an incredibly robust pre-launch ecosystem, and their role in helping to make the fake chain real,” a Berachain post reads.
Pre-launch markets for BERA values the token at $8, giving the airdrop a value of $632 million and the network a $4 billion market capitalization based on current speculation. These values are expected to shift wildly within 24 hours after BERA goes live.
The upcoming blockchain uses a proof-of-liquidity consensus mechanism to reward liquidity provision. In the past year, it has gained a cult following and an engaged social media community — with a catchphrase questioning if the chain “was even real?”
A pre-deposits application meant to bootstrap liquidity on Berachain racked up over $3 billion from users in under a week, as CoinDesk reported, indicative of the massive investor interest in the network.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM,
BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
Disclosure
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
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