Berachain Begins $1.1 Billion BERA Airdrop as Mainnet Launches
Bear-themed "proof-of-liquidity" chain Berachain, a rival to Solana and Ethereum, is now live with a massive airdrop.
Berachain launched its “proof-of-liquidity” layer-1 blockchain Thursday while commencing its BERA token airdrop to the community—with the value of the airdrop allotments hitting $1.17 billion at Thursday's peak price.
Trading for BERA is now live on major centralized exchanges including Binance, OKX, and Coinbase. The token briefly surged to a peak of $14.83 after launch, but has fallen approximately 49% to $8.00 at the time of writing.
The network, which spun out of a 2021 Ethereum NFT project, raised more than $100 million to bring its chain and novel consensus mechanism to fruition.
