The "simple" bear chain's airdrop is not authentic? Who are the tokens given?

Author: Asher, Odaily Planet Daily

In the early morning of this day, Berachain officially announced that the airdrop inspector has been launched (airdrop query link: https://checker.berachain.com/) and the BERA token economic model is launched. According to the official documents, Berachain official token BERA, the initial total supply of tokens. The volume is 500,000,000,000, and the maximum supply of tokens is unlimited (the annual inflation rate is about 10%). The specific allocation ratio is as follows:

• Initial core contributors: 84,000,000BERA, accounting for 16.8% of the initial total supply, and this portion of tokens will be allocated to consultants and Big Bera Labs members;
• Investors: 171,500,000BERA, accounting for 34.3% of the initial total supply, and this portion of tokens will be allocated to Berachain seed round, A round and B round investors;
• Community: 244,500,000BERA, accounting for 48.9% of the initial total supply, and this part of the token is subdivided into three parts: 1) Airdrop, accounting for 15.8% of the initial total supply, including test network users, Berachain NFT holders, and ecosystem NFT holders, social supporters, ecosystem dApps, community builders, etc.; 2) Future community initiatives, accounting for 13.1% of the initial total supply, will be used specifically for applications and developers through incentive plans, subsidies, etc. and users, and through snapshots, etc.; 3) Ecosystem and R&D, accounting for 20% of the initial total supply, and 9.5% of the BERA token will be unlocked when token TGE is used for ecological growth, developer tools/infrastructure, Liquidity configuration, etc.

 BERA Token Economic Model

Up to now, Binance, OKX, Bybit, Bitget, Korean exchanges Upbit, Bithumb and other centralized exchanges have announced that they will launch BERA spot trading at 9 pm Beijing time tonight. It is also worth mentioning that Binance will provide BERA airdrop rewards for users who subscribe to BNB to SimpleEarn products from January 22 to January 26.

Binance and Upbit will be launched first. Will Berachain become the next "Wangtian-level" project? Below, Odaily Planet Daily will take you to learn about this Berachain, which is defined by an institution as breaking the liquidity dilemma of public chains, a new generation of super L1 public chains.

Project Introduction: Highly Financing L1 Public Chain

Berachain is an L1 public chain compatible with Ethereum virtual machine (EVM), built on the Cosmos SDK and originated from the 2021 Bong Bears NFT series. The project was first jointly initiated by several old OGs active in the top DeFi community. Although the founding team has deep experience and keen market insight in the field of DeFi, developing a public chain requires a lot of technical support. It was in this process that the Berachain team connected with the Polaris team focused on EVM compatibility development and quickly collaborated. The two teams worked together to promote the development of Berachain, and ultimately formed the current public chain architecture.

At the technical level, Berachain will use the technical solutions provided by the Polaris team to create a high-performance public chain that is compatible with EVMs and build it based on the Cosmos architecture. In terms of mechanism design, Berachain adopts a unique PoL (Proof of Liquidity) consensus mechanism to promote the prosperity and development of the DeFi ecosystem by incentivizing on-chain liquidity, aiming to build a more efficient and dynamic decentralized financial platform.

According to ROOTDATA data, Berachaina has completed two rounds of financing, with a total amount of US$142 million. The specific information is as follows:

• On April 20, 2023, Berachain announced the completion of a US$42 million Series A financing led by Polychain Capital, with OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldenree Asset Man Agent, former partner of Dragonfly Capital, Celestia Founder Mustafa Al-Bassam, Tendermint co-founder Zaki Manian and 20 other DeFi project founders participated;
• On April 12, 2024, Berachain announced the completion of a US$100 million Series B financing, led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, with participation from institutions such as Polychain Capital, Hack VC and Tribe Capital.

With its high-income financing background, the Berachain token query news immediately sparked heated discussions among major "hair-fighting" communities. Users who participated in the interaction went to check the number of tokens they received, but what followed was All kinds of resentment permeates social media...

A certain "Mao Lu Studio": More than 1 million addresses participated in

the test network interaction and only received more than 1,000 BERA tokens

Regarding the complaints from major communities about participating in Berachain test network interaction but not receiving BERA token airdrops, Odaily Planet Daily communicated with several "hair-pulling studios". It is understood that one of the studios complained that they interacted with more than 1 million test network addresses, but in the end they only received more than 1,000 BERA token airdrops. According to Whales Markets, the pre-market price of BERA tokens is about $8.8, meaning their earnings are only around $10,000, which is much lower than their expectations.

 Pre-market prices on Whales Markets

According to the interviewee's statement, many "hair-pulling studios" have experienced "group destruction" in Berachain test network interactions, and participated in many test network interactions, but ultimately obtained the tokens that did not hold the token share given by BNB. many. Therefore, you will see many "massive big players" posting messages on the X platform to tease themselves "making money" to express their dissatisfaction with the project's airdrop rules.

Not only did not get airdrops, but it also had to force lock the position

for 3 months

Not only the "hair-fighting party" who participated in the interaction of the test website, but even the users who participated in Berachain's pre-deposit were not spared and encountered "reverse punishment". Many users reported that on the first day of opening the pre-deposit channel, they deposited funds under high Gas fees, but when they checked today, there was no token.

What is even more dissatisfactory is that the official announcement that the withdrawal channel for pre-deposits will not be opened until the main network is online (that is, three months from today), which made many users extremely disappointed, as if they were "a wife and a discount." Soldiers.”

If you admit that you have lost money, you can recover the ETH you have previously saved. According to community feedback, if you do not want to wait 3 months after the Berachain main network is online, you can also exchange beraSOTNE into ETH through the unofficial pool. Currently, 1 beraSTONE can be exchanged for about 0.98 WETH. Therefore, the net loss of transaction fees to be exchanged back to ETH is about 2%.

So, can Berachain, which starts and launches Binance and Upbit, rise against the trend tonight in the dissatisfaction of the "hair-fighting party"? Or will there be a situation where no one takes over and the opening is at a high point? Odaily Planet Daily will continue to report.