Berachain’s highly anticipated launch features multi-exchange listings and HODLer Airdrop program, following successful pre-launch vaults collecting $3.3B in deposits.
By Temitope Olatunji
Edited by Marco T. Lanz
Updated
3 mins read
Binance has announced Berachain BERA $3.94 24h volatility: 10.3% Market cap: $423.75 M Vol. 24h: $419.57 M as its 7th project on its HODLer Airdrops platform. The exchange stated that users who subscribed their BNB to Binance’s Simple Earn products from January 22, 2025, to January 26, 2025, are eligible to receive a portion of 10 million BERA tokens, representing 2% of the token’s total supply at launch.
BERA will be listed on Binance on February 6, 2025, at 13:00 UTC. The token will be available for trading against several popular pairs, including BTC $81 645 24h volatility: 5.4% Market cap: $1.62 T Vol. 24h: $76.39 B , USDT $1.00 24h volatility: 0.0% Market cap: $144.33 B Vol. 24h: $106.52 B , USDC $1.00 24h volatility: 0.0% Market cap: $59.93 B Vol. 24h: $19.98 B , BNB $577.8 24h volatility: 4.0% Market cap: $84.50 B Vol. 24h: $1.10 B , FDUSD $1.00 24h volatility: 0.4% Market cap: $1.83 B Vol. 24h: $3.37 B , and TRY.
Berachain has a total token supply of 500 million BERA. While there is no cap on the maximum supply, the token will have an inflationary model, with a yearly increase of 10% based on its emission type. Upon listing, the circulating supply will be 107.48 million BERA tokens, which accounts for 21.5% of the total supply. Additionally, 10 million BERA tokens, or 2% of the total supply, will be distributed through the HODLer Airdrops program.
To participate in Binance’s HODLer Airdrops, users simply need to subscribe their BNB tokens to Simple Earn products during the eligible period. The exchange will distribute rewards to users’ Spot Accounts within 24 hours of announcing the airdrop. These tokens will be made available at least 1 hour before BERA officially starts trading on Binance.
The HODLer Airdrops program rewards users who hold and stake their BNB tokens in Simple Earn products, offering them the chance to earn new tokens.
Along with Binance, leading exchanges like Bybit, Bitget, MEXC, and KuCoin have also announced the listing of the token, effective February 6. Support from these notable crypto exchanges could help increase the visibility and exposure of the token upon launch. Moreover, it could boost investors’ confidence in the token, encouraging them to accumulate more, which could help BERA’s price in the long run.
The team behind the project announced that Berachain’s mainnet will launch tomorrow, coinciding with the Token Generation Event (TGE). This comes after the completion of its pre-launch vaults and Boyco. These initiatives were designed to help new applications and protocols prepare for their mainnet launch by gathering liquidity early on.
They also allow community members to earn rewards by participating early. The vaults successfully attracted over $3.3 billion in user deposits, made in different types of cryptocurrencies like Ethereum ETH $1 593 24h volatility: 7.7% Market cap: $193.00 B Vol. 24h: $30.55 B , Bitcoin BTC $81 645 24h volatility: 5.4% Market cap: $1.62 T Vol. 24h: $76.39 B , and stablecoins.
Berachain is built on the Cosmos SDK and features a tri-token system with BERA as the main token for transactions and fees, BGT as a governance token distributed to liquidity providers to grant them influence over network decisions, and HONEY as a stablecoin used for collateral-backed transactions.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
