"Berachain's $1.1B Airdrop: A New Era for Blockchain"

Berachain, a layer-1 blockchain project, launched its mainnet and initiated a $1.1 billion BERA airdrop, marking a significant milestone in its development. The airdrop, which is one of the largest in recent history, aims to reward the community that has supported the project throughout its journey.

The BERA token, the native gas token of the Berachain network, was distributed to eligible users, with a total of 15.75% of the total supply (79 million tokens) set aside for the airdrop. At the peak price of $14.83, the airdrop would grant more than $1.1 billion to the community when all parties have claimed their tokens.

The airdrop is divided into several phases, with 11.15% (55.75 million tokens) directly available to users today, providing more than $800 million to recipients at the peak trading price. An additional 4.6% of the total supply is reserved for select social media users, teams, and applications that earned a share via the "Request for Broposal" incentive program. The final airdrop recipients will be those that deposited to Boyco, the network's pre-launch liquidity platform, with rewards distributed within 30-90 days based on the markets they participated in.

Beyond the initial airdrop, an additional 65.5 million BERA tokens are set aside for users, developers, and applications as part of the network's "future community incentives" allocation. An eligibility checker was launched by the network on Wednesday to help users determine their eligibility for the airdrop.

Berachain is an EVM-identical network, which means that popular Ethereum Virtual Machine wallet providers like MetaMask or Rabby allow users to easily add Berachain support to start interacting with the network and gain access to their tokens. Trading for BERA is now live on major centralized exchanges, including Binance, OKX, and Coinbase.

Berachain spun out of a 2021 Ethereum NFT project and raised more than $100 million to bring its chain and novel consensus mechanism to fruition. The network launched its mainnet around 8 am ET, with airdropped BERA already in eligible users' wallets, except in instances where use of a