Berachain Announces Mainnet Launch and Airdrop
Date: 2025-02-05 Author: Oliver Abernathy Categories: AIRDROPS
On February 5, the project will provide full details on tokenomics and a checker for participation in the airdrop.
Berachain is a modular, layer-one blockchain that supports EVM and uses an innovative Proof-of-Liquidity consensus mechanism. This approach, a type of delegated PoS, allows users to lock tokens in staking and simultaneously provide liquidity to various projects on the network.
A three-token format was chosen for the system to function. In it, BERA is used to pay gas fees, BGT is used for governance, and HONEY serves as a stablecoin, providing stability and reducing the risk of centralization, as well as incentivizing activity on the platform.
In April 2024, the project completed a Series B round, raising $100 million. The investment was led by Framework Ventures, and other participants in the round included Brevan Howard Digital, HashKey Capital, Tribe Capital, and Arrington XRP Capital. The project was valued at over $420 million at the time.
Notably, the launch of the Artio public testnet took place just over a year ago, marking an important milestone in the platform's development.
