Layer 1 Berachain Airdrops BERA Tokens to Ecosystem and Exchange Users

The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, including airdrops, ecosystem development, and research.

Layer 1 blockchain Berachain will airdrop nearly 80 million of its native BERA tokens to users of the network and exchanges as the decentralized finance (DeFi)-oriented chain goes live later on Thursday, according to a press release.

The total initial supply of BERA is 500 million tokens, with 48.9% allocated for community engagement, covering airdrops, ecosystem development and research.

The airdrop distribution includes testnet users, participants in social media activities and other community members. Token allocations can be viewed on the Berachain airdrop checker as of Thursday morning and can be claimed using several EVM wallets, including Metamask and OKX Wallet.

“The BERA token distribution includes an airdrop of 15.75% to members of the Berachain community, applications, liquidity providers and more in recognition of their contributions to an incredibly robust pre-launch ecosystem, and their role in helping to make the fake chain real,” a Berachain post reads.

Pre-launch markets for BERA value the token at $8, giving the airdrop a value of $632 million and the network a $4 billion market capitalization based on current speculation. These values are likely to change drastically within 24 hours after BERA goes live.

The upcoming blockchain uses a proof-of-liquidity consensus mechanism to reward liquidity provision. It has gained a cult following and an engaged social media community over the past year – with a catchphrase questioning whether the chain "was even real?"

A pre-deposits application to bootstrap liquidity on Berachain gathered over $3 billion from users in less than a week, as earlier reported by CoinDesk, showing the massive investor interest in the network.