Berachain officially launches Layer1 main network! Simultaneously issue US$632 million token BERA airdrop

Bearchain Berachain, a Layer1 blockchain that uses the Proof-of-Liquidity mechanism, officially launched the main network today and simultaneously launched a BERA token airdrop activity worth approximately US$632 million.

BERA airdrop program started

Berachain Foundation announced on the X platform that its Layer1 main network, which is compatible with Ethereum virtual machine (EVM), has been officially launched. The airdrop plans to distribute nearly 79 million BERA tokens to qualified users, accounting for 15.8% of the total issuance of 500 million.

Although BERA has not yet been officially listed on the exchange, according to Aevo perpetual contract data, its futures price is about US$8. Based on this calculation, the total airdrop value is about US$632 million. However, it should be noted that futures prices are volatile. BERA spot trading will be open to BERA at 9:00 pm today.

Who will get the BERA airdrop?

Berachain has officially opened airdrop collection tools. Users who meet the requirements can receive BERA tokens from February 6. Users who participate in social interaction activities and the "Request for Proposal" activities must wait until February 10 before applying.

In the airdrop allocation, Bong Bears NFT holders and related NFT project holders such as Bond, Boo, Baby, Band and BitBears will receive the largest share. In addition, users who participate in Binance BNB Simple Earn products during a specific time period will also receive airdrop rewards.

BERA token economic model and application

The total number of BERA tokens is 500 million, and its distribution ratio is as follows:

• Future community incentive plan: 13.1%
• Community airdrop allocation: 15.8%
• Big Bera Labs (Core Development and Contributor): 16.8%
• Ecosystem Research and Development: 20%
• Institutional Investors: 34.3%

BERA tokens will serve as fuel tokens for the Berachain network, used to pay transaction fees and can be used for staking to enhance network security.

Analysts predict BERA price range

The founder of Crypto Researcher DYOR shared Berachain's valuation analysis. He noted that Berachain raised $142 million at a valuation of $414 million by allocating 34.3% of tokens to venture capital institutions (VCs), and calculated that the average cost price of VCs is about $0.82. He predicts that if BERA's unrealized VC returns are similar to SUI (about 15 times) or Sei (about 10 times), its listing price may be higher than $15 or $10, respectively. Therefore, he believes that BERA's long price range may be between $10 and $15, while bear market prices may be between $5 and $10. But this is only a prediction, and the actual price is still affected by market factors.

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