Berachain TGE and Mainnet Launch: The Final Countdown Begins

‘Proof-of-liquidity’ network, Berachain, is all set to roll out its layer-1 [L1] mainnet today.

Background

• The network uses an attack resistance mechanism
• It synchronizes staking dynamics to foster both security and liquidity
• The network rewards liquidity provision
• Built on the Cosmos SDK, Berachain is Ethereum Virtual Machine [EVM] compatible
• The team rolled out its public testnet last year and thereafter slated the mainnet launch for "Q5”  
  

Why should you pay attention?

• The token generation event [TGE] will occur at the same time as mainnet launch
• 500 million BERA tokens are set to be issued at Genesis
• Among that, 48.9% has been allocated to the community [the split up: 15.8% for the airdrop, 13.1% for additional community initiatives, and 20% for ecosystem research and development]
• 34.3% has been earmarked for Berachain’s investors — seed, Series A, and Series B
• The remaining 16.8% has been allocated to core contributors

• All parties will follow the same vesting schedule
• 1/6th of the tokens will unlock after a one-year cliff
• The remaining unlock will take place linearly over the subsequent 24 months
• BERA will have an inflation schedule of around 10% per annum

Who said what?

• The team announced,

“Tokens can be claimed on February 6, 2025, using a variety of EVM wallets including Metamask, OKX Wallet, and more”

• Eligible participants include testnet users, depositors to Berachain’s pre-launch liquidity initiative — Boyco — social media contributors, and holders of NFT collections like Bong Bears
• Smokey the Bera asserted,

“The chain came from the Bears, and now the Chain Has A Bear On It. As a wise man once said, Ooga Booga Bonga Bera”

Zooming out

• On the heels of the launch, Berachain will be supported by bridging protocols, custodians, data availability [DA] ecosystems, and cross-chain messaging projects
• The project is spearheaded by a bunch of pseudonymous co-founders — Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera
• BERA is the native gas and staking token of Berachain
• Meanwhile, another token — BGT — will cater to governance and economic incentives
• BGT will be non-transferable
• It can only be acquired by taking part in activities within the Berachain ecosystem

Other related reads/listens

• What is Berachain?
• Berachain's V2 Upgrade Goes Live
• What Is Yeet? A Biblical Berachain Bonzi
• What Are The Top Projects In The Berachain Ecosystem?
• Berachain-based Vaping Project Puffpaw Raises $6 Million
• Berachain DeFi Head Gives Insight on NEW Liquidity Incentives on the Network
• Berachain Deep Dive - The Ecosystem Explained