Berachain Mainnet and $632M Airdrop Will Launch on Feb 6

Berachain is preparing to make waves in the cryptocurrency space by launching its Ethereum Virtual Machine-compatible mainnet and Token Generation Event (TGE) on February 6. The Berachain mainnet includes a substantial airdrop of its native BERA token, valued at approximately $632 million.

According to the Berachain Foundation, the organization behind the proof-of-liquidity (PoL) blockchain, nearly 80 million BERA tokens will be distributed to eligible users with the Berachain mainnet launch.

The allocation represents 15.8% of the 500 million BERA tokens set to be issued at Genesis. The project has garnered significant attention due to its innovative consensus mechanism and previous funding rounds, which secured $142 million.

Berachain has outlined its token distribution strategy, with the largest portion going to holders of Bong Bears NFTs and affiliated collections, including Bond, Boo, Baby, Band, and Bit Bears. Additionally, 1.25 million BERA tokens are reserved for community members active on social platforms, excluding dApp accounts and Berachain team members.

In collaboration with Binance, Berachain will also allocate 10 million BERA tokens to BNB holders. Those who participated in Binance’s ‘BNB to Simple Earn’ program between January 22 and 26 qualify for this distribution as part of the exchange’s HODLer Airdrops initiative.

Token allocations can be verified through Berachain’s airdrop checker, with initial claims beginning February 6. However, users who earned allocations through social engagement and the Request for Broposal initiative will be able to claim to start on February 10.