After the Solunavax-led Alt L1 era, which is which are formed by Solana (SOLUSDT)、Avalanche (AVAXUSDT) and Terra (LUNAUSDT) , the “new public chains” track has become mundane. The advancement of modular infrastructures like L2 and RaaS has simplified “chain-building.” Additionally, many new public chains exhibit homogeneous structures and front-end experiences, often using similar names and jargon in their promotions. Amidst this, Berachain stands out with its innovative technology and strong ecosystem. Its recent Bera chain airdrop initiative has further boosted market interest and participation by offering free tokens to users and early adopters.
In this article, WEEX analyst will delve into the details of Berachain and its Airdrop, helping you understand the potential of this emerging blockchain project and how to get involved.
What is Berachain?
Berachain is built on the Polaris EVM, which serves as its foundational operating system for constructing EVM-based applications on the Cosmos SDK. Polaris uses messaging to connect the EVM and Cosmos SDK, separating block construction, processing, and storage from execution. Built with a simple and easy-to-integrate API, Polaris is designed to streamline the integration of EVM with applications, allowing developers to choose the components that best meet their needs and integrate the EVM environment into almost any application.
Berachain possesses the purest Degen genes, originating from a rebase NFT project called Bong Bears. It was later co-launched by several DeFi OGs and quickly attracted a group of early DeFi investors. Although it champions grassroots culture, both its capabilities and financial backing make it far from a makeshift project.
Interestingly, from the Bong Bears NFT to today’s Berachain, ‘liquidity’ seems to have been the team’s central focus when building products. Behind liquidity lies the design of strategies, game theory, and returns. The metric for evaluating products is no longer technological sophistication, but user profiles and activity levels.”
Berachain’s Consensus Mechanism and Liquidity Model
Compared to most new public chains, Berachain has truly innovated with its consensus mechanism. Berachain’s Proof of Liquidity (POL) uses three berachain tokens: BERA, the governance token BGT, and the stablecoin HONEY. BERA, as the native berachain token, is used for paying gas fees and block rewards. BGTUSDT, as the governance token, is non-transferable, and its holders can participate in decision-making regarding block reward distribution. HONEY is the native stablecoin minted by users through collateralization.
When users deposit assets into the ecosystem, they receive BERAUSDT and can pair it with HONEY to create LP tokens for staking, providing initial liquidity to the protocol, and earning BGT emissions. Besides earning BGT through LP staking, projects on the ecosystem’s whitelist are also eligible to receive BGT. Staking BGT allows participants to earn network fee revenue and influence the amount and direction of BGT emissions, such as allocating more rewards to project A and fewer to Project B.
To secure more BGT, projects engage in various forms of ‘bribery’ with BGT stakers. As participants shift from a liquidity pool to backing specific projects, the bribery mechanics naturally expand. In other words, Berachain has transformed itself into a large-scale version of Curve.
Berachain Airdrop Task
The Berachain project has not officially announced specific details regarding airdrop berachain eligibility, leaving these requirements open to interpretation. Currently, it is unclear who will qualify for the airdrop and when the BERA tokens will be distributed. Despite the lack of official details, it is widely believed that Berachain will conduct the berachain airdrop based on users’ contributions to the network. This means users need to participate in Berachain’s testnet ecosystem.
Complete Airdrop Berachain Tasks to Earn Rewards: Users can maximize their potential BERA token rewards by completing various tasks. These tasks include swapping BERA tokens for HONEY or other ecosystem tokens, adding BERA to liquidity pools, and participating in lending and NFT minting, among others. Users do not need to take on any financial risks, as Berachain employs a “faucet” system that allows participants to claim BERA tokens regularly. There are four different providers, each with its own faucet payment and time frame, such as claiming one BERA token every three hours. Tasks related to the governance model can also qualify for the Berachain airdrop: some tasks are linked to Berachain’s governance model, such as participants delegating BGT tokens to network validators.
Future Outlook for Berachain Airdrop
Berachain high-performance blockchain project has significant growth potential. The Berachain team is committed to ongoing technological innovation and ecosystem development to enhance the blockchain’s performance and functionality, providing users with superior blockchain services.
In technology, the team will optimize the consensus mechanism and network architecture to improve transaction speed and throughput, while also enhancing security measures to ensure safety and stability. They will explore new application scenarios to contribute further to blockchain technology.
For ecosystem development, the Berachain team will collaborate with developers, businesses, and the community to promote the ecosystem’s growth. They will provide comprehensive development tools and documentation to create a user-friendly environment. Additionally, they will host events and competitions to encourage innovation in Berachain technology and maintain close communication with community users to continuously improve service quality.
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