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Cryptocurrency News Articles

Berachain Mainnet Scheduled To Go Live Today

Feb 06, 2025 at 04:46 pm

In a February 05 blog post, the Berachain Foundation confirmed its ready plans to launch its highly awaited blockchain network on February 6, 2025.

Berachain Mainnet Scheduled To Go Live Today

The Berachain Foundation, an organization developing a new proof-of-liquidity layer-1 blockchain network, is set to launch its highly anticipated blockchain network on February 6, according to a blog post on February 05.

The organization has also announced 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 set to benefit from the airdrop.

As part of its market strategy for its new blockchain network, the Berachain Foundation has launched an airdrop. A crypto airdrop is a marketing stunt that involves sending free coins or tokens to various wallet addresses to promote awareness of a new currency.

According to the foundation, the Genesis period had a total supply of 500 million BERA. Of the total $BERA supply, the Berachain Foundation has allocated 0.25% to holders of a number of NFTs within the broader Berachain ecosystem.

The foundation has 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.

The Berachain Foundation started as a non-fungible token project for fun in the DeFi ecosystem. This year, the foundation is 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.

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Other articles published on Feb 06, 2025