Berachain revealed its tokenomics, allocating 48.9% of the 500M BERA supply to the community, with an airdrop set for Feb. 6.
The Berachain Foundation has shared information about Berachain’s coin system as the new Layer 1 blockchain gets ready to launch on Thursday, Feb. 6.
On Wednesday, official papers stated that Berachain will release 500 million BERA tokens at the start, with 48.9% going to the community.
This includes 15.8% for an airdrop, 13.1% for community projects, and 20% for research and development in the ecosystem. Investors in Berachain’s early funding rounds will get 34.3% of the tokens, and 16.8% will go to advisors and key players at Big Bera Labs.
All token holders have the same plan for releasing their tokens. After one year, 1/6 of their tokens will be available, and the rest will be gradually released over the next 24 months. Berachain will manage a yearly inflation rate of around 10%.
BERA will be the main token for gas fees and betting on Berachain. Governance and rewards will be handled with a different token, BGT, which users can earn by taking part in the ecosystem.
Airdrops and Exchange Listings
The Berachain Foundation has introduced a tool for community members, applicants, and liquidity sources to check airdrops. Eligible participants, including testnet users, liquidity depositors, social media contributors, and ecosystem NFT holders, can collect their tokens on Thursday using EVM-compatible wallets such as Metamask and OKX Wallet.
Also, 2% of the total airdrop supply will go to BNB holders on Binance. Binance and Bybit will be some of the first centralized platforms to list BERA at 1 p.m. UTC on Thursday.
What is Berachain?
Berachain is a Layer 1 blockchain that works with the Ethereum system and is built using the Cosmos SDK. It features a special way of agreeing called “proof of liquidity,” which improves safety and makes sure that cash flow is balanced by using a method called delegated proof of stake.
The bear-themed crypto project is run by anonymous owners called Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera.
In April 2024, Berachain raised $100 million in Series B funding from Framework Ventures and Brevan Howard Digital’s Abu Dhabi branch. This came after a $42 million private token round led by Polychain Capital in April 2023.
