Berachain Developers Launch Mainnet and Conduct Airdrop

On February 6th, the official launch of Berachain’s mainnet took place. Leading cryptocurrency exchanges have listed the BERA token.

Berachain is finally real. pic.twitter.com/hN8KEzrkXO

— Berachain Foundation ?⛓ (@berachain) February 6, 2025

The developers announced the launch on February 4th.

Berachain is a first-layer modular blockchain with EVM support, utilizing a Proof-of-Liquidity consensus mechanism. This variant of “delegated” PoS allows users to stake tokens while simultaneously providing liquidity for projects on the network.

The platform implements a three-asset model: BERA for gas payments, BGT for governance, and HONEY as a stablecoin, which prevents centralization and encourages on-chain activity.

The project’s capitalization reached $814.2 million, with an FDV of $3.79 billion. In less than a day after the TGE, the token depreciated by 4.2%.

At the time of writing, the price had fallen to $7.51. At its peak, it reached $14.83, and at its lowest, $6.99, according to CoinGecko.

The trading volume of perpetual contracts on BERA reached $5.7 billion in less than a day, according to Coinglass.

On all seven platforms tracked by the service, the funding rate turned negative, indicating prevailing bearish sentiment.

During the airdrop, the Berachain team distributed 15.8% of the 500 million BERA tokens to the community.

Full tokenomics are available at: https://t.co/icA4KWVTqW pic.twitter.com/qz3GZDPnkI

— Berachain Foundation ?⛓ (@berachain) February 5, 2025

The structure is as follows:

• The community will receive 48.9%, of which 15.8% during the airdrop, 20% allocated for R&D, and 13.1% for long-term ecosystem incentives, including developer grants and rewards for dapps;
• Investors will receive 34.3%;
• Early core participants — 16.8%.

The last two categories, as well as BERA allocated for long-term ecosystem incentives, will follow a vesting schedule:

• One-sixth of the allocated tokens will unlock after one year;
• The remaining five-sixths will be distributed linearly over the following 24 months.

Of the 79 million BERA allocated for the airdrop, 55.75 million were distributed.

The remaining portion is intended for select teams, developers, and community participants under the Request for Broposal initiative. Additional rewards are reserved for Boyco contributors, the Berachain liquidity program before TGE. The distribution will occur within 30 to 90 days.

In April, the project raised $100 million following a Series B round led by Framework Ventures. Other investors included Brevan Howard Digital, HashKey Capital, Tribe Capital, and Arrington XRP Capital. Berachain’s valuation exceeded $420 million.

Just over a year ago, developers launched the public testnet Artio.