Author: Tom Mitchelhill, CoinTelegraph; Compiled by: Tao Zhu, Golden Finance

Berachain Foundation (an organization supporting the Liquidity Proof Layer 1 blockchain Berachain) has announced its native BERA token The airdrop program, worth approximately US$632 million, will be distributed when the main network is launched on February 6.

In a February 5 post to X, Berachain announced the launch of the same Layer 1 mainnet as Ethereum Virtual Machine (EVM), which will distribute nearly 80 million BERA to eligible users Tokens.

According to Berachain’s token economics documents, Genesis will issue 500 million BERA tokens. Of these, 15.8% (i.e. 79 million) will be airdropped to users who meet the criteria.

While the BERA token has not been launched yet, according to perpetual futures data on Aevo, BERA is currently trading at about $8 per coin.

The total initial airdrop is approximately US$632 million at current prices, but it is worth noting that pre-issued futures contracts are extremely volatile and the number of BERAs planned to drop may change.

Token allocation can be viewed on the Berachain Airdrop Checker, with the initial application time starting February 6, but users who get the allocation from social engagement and Broposal requests will be able to start from February 10 Application begins on the day.

The maximum share of BERA airdrops will be allocated to holders of Bong Bears NFT and affiliated NFT projects, including Bond, Boo, Baby, Band and Bit Bears.

Bong Bears NFT series is available on OpenSea. Source: OpenSea

In addition to airdrops, 13.1% of the supply is left as other community programs, while 20% is designated for ecosystem research and development.

BERA 15.8% of the initial supply will be airdropped to eligible users. Source: Berachain

Another 34.3% are left to Berachain’s institutional investors, while 16.8% are left to Big Bera Labs’ consultants and members, core developers and contributors to Berachain’s blockchain.

BeracHain positions itself as a “high performance, same as Ethereum Virtual Machine (EVM)” layer 1 blockchain, aiming to convert liquidity into security through its liquidity proof consensus mechanism.

The upcoming Bera token will serve as a gas token for the network, used to pay transaction fees and serve as a stake token to enhance network security.

Berachain’s liquidity proof consensus mechanism maintains security and preserves network liquidity by transferring a portion of network revenue and profits back to ecosystem participants.