Berachain is set to debut on MEXC on February 6, with an airdrop event starting on February 5

Berachain, an Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain, is gearing up for its debut on MEXC, one of the prominent cryptocurrency exchanges. The listing is scheduled for February 6, 2025, and to celebrate the occasion, MEXC is launching an exciting airdrop event that will run from February 5 to February 19, UTC. The airdrop event comes with a generous prize pool, consisting of 19,100 BERA tokens and 50,000 USDT, giving both new and existing users multiple opportunities to earn rewards.

The listing of Berachain on MEXC coincides with the launch of its mainnet and token generation event, marking a significant milestone for the blockchain project. Berachain, which was built using the Cosmos SDK, introduces a unique Proof-of-Liquidity consensus mechanism. This mechanism rewards users for providing liquidity to the network, setting Berachain apart as a distinct competitor in the Layer-1 blockchain space.

The Berachain ecosystem operates on a tri-token system: BERA (the main token used for transactions and fees), BGT (a governance token distributed to liquidity providers), and HONEY (a stablecoin used for collateral-backed transactions). This structure aims to create a dynamic and incentivized ecosystem where participants are rewarded for their contributions, fostering network growth and liquidity.

Interestingly, Berachain’s origins trace back to an NFT project called Bong Bears. Over time, however, the project has evolved and expanded into a full-fledged blockchain ecosystem. The project was developed by pseudonymous founders known as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bear, who have played a key role in the platform’s growth.

In terms of financial backing, Berachain has garnered significant support from the investment community. In April 2024, the project successfully raised $100 million in Series B funding from Framework Ventures and Brevan Howard Digital’s Abu Dhabi branch. This followed a successful private token sale in April 2023, in which the project raised $42 million from Polychain Capital.

With strong backing, innovative technology, and a growing community, Berachain is positioning itself as a notable player in the blockchain space. The upcoming listing on MEXC and the ongoing airdrop event are expected to boost the project’s visibility and user adoption.