Berachain Foundation, the organization developing the new proof-of-liquidity layer-1 blockchain network, Berachain, is set to launch its highly anticipated blockchain network today after several months of development. The organization has launched an airdrop to enhance awareness for its upcoming Berachain blockchain network. The token generation event happened a few hours ago, with Bong Bear non-fungible token holders among the beneficial.
Berachain Mainnet Scheduled To Go Live Today
In a February 05 blog post, the Berachain Foundation confirmed its ready plans to launch its highly awaited blockchain network on February 6, 2025. As part of the market strategy for its new blockchain network, the Berachain Foundation has launched an airdrop. A crypto airdrop is an old marketing stunt that involves sending free coins or tokens to various wallet addresses to promote awareness of a new currency.
Wow, 6.9% of the total $BERA supply is airdropped to Bears NFT holders.
Most of the allocation will unlock at TGE, the rest will vest over 3 years with the NFTs (if you sell the NFT, you also sell the remaining tokens).
At $5B USD FDV for Berachain, that’s a $345M USD airdrop… pic.twitter.com/aq8X21HHAu
— wale.moca 🐳 (@waleswoosh) February 5, 2025
Unveiled sometime this year, the Berachain Foundation is an organization backed by leading crypto companies, including Animoca Brands, Polychain Capital, Tribe Capital, Robot Ventures, Nomad Capital, Framework, HashKey Capital, Arrington Capital, Laser Digital and Howard Digital, The Berachain Foundation started as a non-fungible token project for fun in the DeFi ecosystem.
The Berachain Foundation started incubating its Berachain blockchain network last year. During this period, the Berachain team released two public testnets, Artio and bArtio, to evaluate the robustness of the network’s architecture and dApp design. These testnets became a key part of the ecosystem’s development and allowed hundreds of applications to prototype their products while building massive user bases. After several months of development, the highly anticipated Berachain is slated to land today in the NFT and crypto market.
The Berachain Foundation Launches TGE
The Berachain Foundation has launched a $BERA token airdrop to promote awareness of its upcoming Berachain blockchain network. During the Genesis period, the $ BERA had a total supply of 500 million BERA. Based on the token distribution table, the Berachain Foundation has allocated 0.25% of the total $BERA supply to holders of a number of NFTs within the broader Berachain ecosystem.
The Berachain Foundation has also allocated 35 million of the total $BERA supply to holders of the Bong Bears NFTs or subsequent NFTs, including Bond, Boo, Baby, Band, and Bit Bears NFT holders, who bridge their NFTs to Berachain. The Berachain Foundation has allocated 1.25 million BERA tokens to the social portion, 10 million $BERA amongst Binance’s HODLers, 2 million $BERA to the strategic partners, and 10 million BERA tokens to the Boyco launch program.
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