▌Recent updates
According to Binance's announcement, Berachain (BERA) is the seventh project to join the HODLer Airdrops program. Users who subscribe to the Simple Earn product with BNB from January 22 to January 26, 2025, will receive BERA airdrop rewards.
Binance will list BERA on February 6, 2025, at 13:00 (UTC) and will open trading pairs for BTC, USDT, USDC, BNB, FDUSD, and TRY.
▌Introduction to Berachain
Berachain is a high-performance EVM-compatible blockchain built on a liquidity proof consensus. Liquidity proof is a novel consensus mechanism designed to coordinate network incentives and establish a strong synergy between Berachain validators and the project ecosystem. The technology of Berachain is built on Polaris, which is a high-performance blockchain framework for constructing EVM-compatible chains on top of the CometBFT consensus engine.
▌Funding situation
April 20, 2023: Berachain completed $42 million in Series A financing, with a valuation of $420 million. Polychain Capital led the round, with participation from institutions and individuals such as OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, and Robot Ventures.
April 12, 2024: Berachain completed $100 million in Series B financing, with a valuation of $1.5 billion. Investments include Framework Ventures, Olympus DAO, Rubik VC, Baboon VC, Primitive Ventures, SNZ Capital, Asylum Ventures, ViaBTC Capital, Paramount Capital, and Wizards Capital.
▌Token economics
The total number of tokens during the BERA Genesis period is 500 million, with specific allocations as follows:
Core contributors: 84M tokens (16.8%)
Investors: 171.5M tokens (34.3%)
Community: 244.5M tokens (48.9%)
Airdrop: 15.8%
Future community plans: 13.1%
Ecosystem and development: 100M tokens (20%)—final unlock 9.5% for ecosystem growth, development tools, liquidity, etc. The vesting schedule is as follows:
Final unlock: after one year cliff, 1/6 of the tokens will be unlocked.
Linear vesting: the remaining 5/6 will be unlocked linearly over the next 24 months.
▌Airdrop details
Token name: Berachain (BERA)
Total supply of genesis tokens: 500,000,000 BERA
Maximum token supply: unlimited (with an annual inflation rate of 10% depending on the release type)
Total amount of HODLer airdropped tokens: 10,000,000 BERA (2% of total supply of genesis tokens)
An additional 5,000,000 BERA will be distributed in batches for marketing activities 12 months after the spot listing. Detailed rules will be announced separately.
Circulating supply before listing on Binance: 107,480,000 BERA (21.50% of total supply of genesis tokens)
▌Summary
Berachain reconstructs the interest alliance of validators, developers, and users through liquidity proof, directly binding on-chain activities with token value.
After the mainnet launch, if core protocols like Boyco can continuously attract external capital, Berachain may become the first public chain to realize 'liquidity as security', injecting a new narrative into the Layer 1 track. However, challenges also exist—how to balance the risks of centralization of BGT governance and maintain the stability of HONEY will be key to the ecosystem's long-term health.
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your area. Investment refusal, risk self-borne.