Berachain to debut on MEXC on February 6, airdrop event begins February 5

MEXC will launch Berachain, a new Ethereum Virtual Machine-compatible Layer-1 blockchain, on Feb. 6, celebrating the listing with an airdrop event kicking off on Feb. 5.

Berachain (BERA) will be listed on MEXC on Feb. 6. To mark the listing of BERA, MEXC has announced a massive airdrop featuring a 19,100 BERA and 50,000 USDT prize pool. Running from Feb. 5 to Feb. 19 UTC, the event offers multiple ways for both new and existing users to earn rewards. The MEXC listing coincides with the launch of Berachain mainnet and token generation event.

Berachain, built on the Cosmos SDK, introduces a Proof-of-Liquidity consensus mechanism, which rewards users for providing liquidity, making it a unique competitor in the Layer 1 space. The Berachain ecosystem features a tri-token system: BERA (the main token for transactions and fees), BGT (the governance token distributed to liquidity providers), and HONEY (a stablecoin for collateral-backed transactions).

Berachain started as an NFT project called Bong Bears, but it has since evolved into a full-blown blockchain ecosystem. It was founded by pseudonymous developers known as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bear. 

The project has received solid financial backing, securing $100 million in Series B funding in April 2024 from Framework Ventures and Brevan Howard Digital’s Abu Dhabi branch. This followed a $42 million private token sale in April 2023 led by Polychain Capital.