MEXC is set to launch Berachain, a new Layer-1 blockchain compatible with the Ethereum Virtual Machine, on February 6. The listing will be accompanied by an exciting airdrop event starting on February 5, offering participants a chance to win from a prize pool of 19,100 BERA and 50,000 USDT.
As Berachain (BERA) makes its debut on MEXC, users can take part in the airdrop event that runs until February 19 UTC. With various ways to earn rewards, both new and existing users can participate in the celebration of the Berachain mainnet launch and token generation event.
Berachain stands out in the Layer 1 space with its unique Proof-of-Liquidity consensus mechanism, rewarding users for providing liquidity. The ecosystem includes a tri-token system comprising BERA for transactions and fees, BGT as a governance token for liquidity providers, and HONEY, a stablecoin for collateral-backed transactions.
Initially starting as an NFT project called Bong Bears, Berachain has evolved into a robust blockchain ecosystem. Founded by pseudonymous developers such as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bear, the project has garnered significant financial support. In April 2024, Berachain secured $100 million in Series B funding from Framework Ventures and Brevan Howard Digital’s Abu Dhabi branch, following a $42 million private token sale in April 2023 led by Polychain Capital.