After Berachain launched its airdrop query, it was flooded with backlash—exactly who received the tokens?
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After Berachain launched its airdrop query, it was flooded with backlash—exactly who received the tokens?
Many users who actively participated in testnet interactions and deposited on the first day are not eligible to claim.
Navigating Web3 tides with focused insightsBy Asher, Odaily Planet Daily
In the early hours today, Berachain officially announced the launch of its airdrop checker (airdrop query link: https://checker.berachain.com/) and unveiled the BERA tokenomics model. According to official documents, Berachain's native token BERA has an initial total supply of 500,000,000 tokens, with no cap on maximum supply (annual inflation rate of approximately 10%). The specific allocation breakdown is as follows:
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Initial Core Contributors: 84,000,000 BERA, accounting for 16.8% of the initial total supply; these tokens will be allocated to advisors and members of Big Bera Labs;
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Investors: 171,500,000 BERA, accounting for 34.3% of the initial total supply; these tokens will be distributed to seed, Series A, and Series B investors of Berachain;
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Community: 244,500,000 BERA, accounting for 48.9% of the initial total supply. This portion is further divided into three parts: 1) Airdrops, 15.8% of the initial total supply, including testnet users, Berachain NFT holders, ecosystem NFT holders, social supporters, ecosystem dApp participants, community builders, etc.; 2) Future Community Initiatives, 13.1% of the initial total supply, dedicated to applications, developers, and users through incentive programs, grants, snapshots, etc.; 3) Ecosystem and R&D, 20% of the initial total supply, with 9.5% of BERA tokens unlocked at TGE for ecosystem growth, developer tools/infrastructure, liquidity provisioning, etc.
BERA Tokenomics Model
To date, multiple centralized exchanges including Binance, OKX, Bybit, Bitget, and South Korean exchanges Upbit and Bithumb have announced they will list BERA spot trading at 9 PM Beijing time tonight. Notably, Binance will offer BERA airdrop rewards to users who subscribed BNB to SimpleEarn products between January 22 and January 26.
With immediate listings on Binance and Upbit, could Berachain become the next "blue-chip" project? Below, Odaily Planet Daily explores Berachain—a Layer 1 blockchain defined by institutions as a solution breaking public chain liquidity bottlenecks and heralding a new generation of super L1s.
Project Overview: A Well-Funded L1 Blockchain
Berachain is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain built on the Cosmos SDK, originating from the 2021 Bong Bears NFT series. The project was initially co-founded by several veteran OGs active in top DeFi communities. Although the founding team possessed deep experience and sharp market insights in DeFi, building a blockchain required substantial technical support. It was during this phase that the Berachain team connected with Polaris, a team specializing in EVM compatibility development, quickly forming a partnership. The two teams joined forces to advance Berachain’s development, ultimately shaping its current blockchain architecture.
Technically, Berachain leverages Polaris' technical solutions to build a high-performance, EVM-compatible blockchain based on the Cosmos framework. In mechanism design, Berachain adopts a unique Proof of Liquidity (PoL) consensus mechanism, incentivizing on-chain liquidity to foster the prosperity and growth of the DeFi ecosystem, aiming to create a more efficient and vibrant decentralized finance platform.
According to ROOTDATA, Berachain has completed two funding rounds totaling $142 million. Specific details are as follows:
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On April 20, 2023, Berachain announced a $42 million Series A round led by Polychain Capital, with participation from OKX Ventures, Hack VC, Dao 5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, former Dragonfly Capital partner, Celestia founder Mustafa Al-Bassam, Tendermint co-founder Zaki Manian, and 20 other DeFi project founders;
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On April 12, 2024, Berachain announced a $100 million Series B round co-led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, with participation from Polychain Capital, Hack VC, and Tribe Capital.
Backed by significant funding, news of Berachain's token claim immediately sparked heated discussions across various "airdrop farming" communities. Users who previously interacted flocked to check their token amounts, but soon after, waves of frustration spread across social media...
A Certain "Farming Studio": Over 1 Million Testnet Addresses Interacted Yet Received Only Over 1,000 BERA Tokens
In response to widespread community complaints about participating in Berachain testnet interactions without receiving BERA airdrops, Odaily Planet Daily communicated with several "farming studios." One studio reported that despite interacting with over one million testnet addresses, they ultimately received only over 1,000 BERA tokens in airdrops. According to Whales Markets data, the pre-market price of BERA tokens is around $8.8, meaning their earnings amounted to roughly $10,000—far below expectations.
Pre-market Price of BERA on Whales Markets
According to the interviewee, many "farming studios" experienced mass disqualification ("team elimination") during Berachain testnet interactions—despite extensive participation, their final token allocations were less than those given to BNB holders. As a result, numerous prominent "farmers" took to X to sarcastically post about how they "made a fortune," expressing dissatisfaction with the project's airdrop rules.
No Airdrop Received, Plus Forced 3-Month Lock-Up
Not only did testnet-interacting "farmers" face disappointment, but even users who participated in Berachain's pre-deposit program suffered what can be described as "anti-farming." Many users reported depositing funds on day one of the pre-deposit channel opening, enduring high gas fees, only to find zero tokens upon checking today.
Even more frustrating, the official announcement stated that the withdrawal channel for pre-deposits would only open after mainnet launch (i.e., three months from today), leaving many users deeply disappointed—feeling like they "lost both money and opportunity."
If accepting losses, users can still reclaim previously deposited ETH. According to community feedback, if users do not wish to wait three months until Berachain mainnet launch to redeem their pre-deposited ETH via the official channel, they may currently exchange beraSTONE for ETH through unofficial pools. Currently, 1 beraSTONE can be exchanged for approximately 0.98 WETH, resulting in a net loss of about 2% when excluding transaction fees.
(Demonstration using OKX Wallet)
So, will Berachain, launching directly on Binance and Upbit, manage to rise against the tide of discontent among "farmers," or will it face a scenario of no buyers and peak pricing at launch? Odaily Planet Daily will continue to report.
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