Rubic's Ecosystem

Berachain Airdrop: All You Need to Know

Rubic, a Cross-Chain Tech Aggregator, is always keeping up with the latest innovations in the blockchain space. In line with our commitment to exploring new possibilities, Rubic recently integrated the Berachain testnet. This move comes as Berachain gains attention for its potential to emerge as a leading chain in the Cosmos ecosystem. In this article, we’ll delve into the unique features of Berachain, explore the advantages of its integration, and provide a step-by-step guide on how to qualify for the potential airdrop.

Understanding Berachain

Berachain started from an NFT collection and is now a highly anticipated Layer 1 in the works. It has experienced significant growth, with over 70 ecological projects joining its ecosystem as of January 2024. Notable partnerships with cross-chain protocol LayerZero and NFT project Pudgy Penguin further solidified its position in the blockchain space.

Berachain’s strong momentum is reflected in its impressive total committed volume locked (TCVL), reaching $250 million in Q1 2024. This growth trajectory positions Berachain for a successful mainnet launch in Q2 2024. You can read more about the Bears NFT Project here. 

Architecture and Consensus

Berachain is a Cosmos Layer 1 blockchain powered by the Polaris EVM, featuring a distinctive Proof of Liquidity consensus mechanism. 

Proof of Liquidity (PoL) is a consensus mechanism used by Berachain. It’s a unique approach that differs from traditional proof-of-stake (PoS) systems.

In PoL, validators are incentivized to maintain liquidity within the network. This means they need to stake a variety of tokens and delegate their stake to validators. In return, they earn fees and block rewards. This system helps address issues like liquidity fragmentation and stake centralization that can be common in PoS system

Unlike traditional proof of stake chains, Berachain addresses liquidity concerns by introducing a multi-token model:

  • $BERA – The Gas Token
  • $HONEY – The Stable Coin
  • $BGT – The Governance Token

This innovative approach ensures that power users maintain their governance share as the network expands.

Token Overview

  • $BERA Token:
    • Native to Berachain, it acts as the “gas token” for transactions.
    • Not yet available to the public until the Mainnet launch.
  • $BGT (Bera Governance Token):
    • Non-transferable token obtained by providing liquidity in Berachain Exchange (BEX).
    • Integral to Berachain’s Proof-of-Liquidity model, facilitating governance and rewarding users.
    • Features a unique one-way burn mechanism.
  • Honey Stablecoin:
    • Pegged to the US dollar, providing stability within the network.
    • Availability tied to the Mainnet’s launch.

Berachain Ecosystem Expansion

Berachain recently made headlines with a remarkable $42 million funding round, reflecting its strong position and commitment to ecosystem growth. 

The Berachain ecosystem is already flourishing with various projects:

We can expect an impressive launch with around 100 dApps, covering gaming, NFTs, and more.

Use Cases of Berachain

  • DeFi: Berachain’s decentralized exchange (BEX) offers liquidity pools for users to earn trading fees and incentives. The Bends platform enables users to lend assets and earn interest, while also borrowing HONEY.
  • Trading: Berachain’s Berps platform provides opportunities for trading perpetual futures contracts on various assets.
  • Governance: The $BGT token allows holders to participate in governance activities and shape the future of the Berachain network.
  • NFTs: As its origins lie in NFTs, Berachain is well-positioned for NFT-related activities and projects.
  • Gaming: The blockchain’s scalability and interoperability make it suitable for gaming applications, potentially enabling new and exciting gaming experiences.
  • DApps: Developers can leverage Berachain’s EVM compatibility to build a variety of decentralized applications (dApps) across different sectors.

Berachain’s growing ecosystem and diverse use cases highlight its potential to become a significant player in the blockchain space.

Potential Airdrop Opportunity

For early-adopting users looking for airdrops, the Berachain has a variety of quests you can complete via Galxe. Here’s how to qualify:

  • Visit the faucet to get testnet tokens.
  • Copy your wallet address and paste it into the designated bar.
  • Click “drip tokens” to receive 1 Bera token.
  • Engage in social tasks, follow Berachain on Twitter, and join their Discord for additional opportunities. 
  • Explore swaps, complete quizzes, and participate in various activities to accumulate BGT tokens, the governance token.

How to Increase Your Chances of Qualifying for the Berachain Airdrop

Actively engaging with the Berachain ecosystem can significantly improve your chances. Here are some strategies to consider:

1. Consistent Engagement:

  • Frequent Interactions: Regularly interact with Berachain’s decentralized applications (dApps) to demonstrate your commitment to the network.
  • Token Swapping: Perform frequent token swaps on Berachain’s decentralized exchange (BEX) to increase your activity.
  • Liquidity Provision: Contribute to liquidity pools on BEX to earn BGT, the governance token.

2. Diverse Participation:

  • Explore Different dApps: Engage with a variety of dApps within the Berachain ecosystem to showcase your interest in the platform’s broader offerings.
  • Utilize Multiple Features: Experiment with different features and functionalities available on Berachain, such as lending, borrowing, and trading.

3. Community Involvement:

  • Active Participation: Join Berachain’s community forums and social media channels to engage in discussions and stay updated on the latest developments.
  • Galxe Quests: Complete quests on Galxe to earn points and potentially improve your airdrop eligibility.
  • Contribute to the Ecosystem: If you have the skills, consider contributing to Berachain’s development by participating in hackathons or contributing to open-source projects.

4. Wallet Security:

  • Protect Your Wallet: Ensure your wallet is secure with strong passwords and two-factor authentication to protect your assets and maintain your eligibility for the airdrop.

5. Stay Informed:

  • Follow Updates: Keep up-to-date with Berachain’s official announcements and news regarding the airdrop.
  • Monitor Social Media: Follow Berachain on social media platforms for the latest information and potential clues about the airdrop.

By actively participating in these areas, you can increase your chances of being considered for the Berachain airdrop and potentially receive valuable $BERA tokens. 

Berachain x Rubic Partnership

At Rubic, we are dedicated to fostering blockchain interoperability. We have integrated 8 testnets, including Berachain. Now, users can seamlessly swap BERA to WBERA directly at https://testnet.rubic.exchange/.   

  1. Connect Berachain to MetaMask. Before swapping, add Berachain to your MetaMask wallet. It’s a quick one-click process described here.
  1. Obtain Test Tokens:

Secure $BERA tokens by reaching the Berachain Faucet through the Rubic Testnet App.

  1. Visit the Berachain Faucet.

Provide your wallet address, and watch as 1 Bera drips into your wallet.

  1. Now, swap your BERA to WBERA at Rubic Testnet, and seamlessly enter the Berachain Ecosystem!

Embark on the Berachain journey with Rubic and explore the possibilities of blockchain interoperability which Rubic’s app provides across 70+ networks.

Related posts