BERACHAIN 102 - The most autistic Tier 1 airdrop
> ~1,100 qualifying users
> $42M raised
> OTC valuation at $1.3B FDV (typically trade at double/triple when launched)
Introducing one of the best airdrops of 2024.
And you're still in time.
Guide to the Berachain Airdrop
🧵
> ~1,100 qualifying users
> $42M raised
> OTC valuation at $1.3B FDV (typically trade at double/triple when launched)
Introducing one of the best airdrops of 2024.
And you're still in time.
Guide to the Berachain Airdrop
🧵
This thread is a continuation of thread 101 about Berachain, which you can find in the cited post.
I recommend reading it to properly understand how to qualify for this airdrop and the reason for its potential.
I recommend reading it to properly understand how to qualify for this airdrop and the reason for its potential.
Before I begin, I want to state a disclaimer: NOTHING is confirmed or official; these are merely rumors circulating from various sources.
However, the indications are quite clear and everything points to these being more than just rumors.
And now, let's get started.
However, the indications are quite clear and everything points to these being more than just rumors.
And now, let's get started.
1️⃣ Potential
As mentioned in the first post, Berachain is being traded OTC at 1.3B$.
In recent weeks, projects that are launching are valued at 3 to 4 times their OTC valuation.
In this case, we would be talking about a FDV of $3.9 to $5.2 billion.
As mentioned in the first post, Berachain is being traded OTC at 1.3B$.
In recent weeks, projects that are launching are valued at 3 to 4 times their OTC valuation.
In this case, we would be talking about a FDV of $3.9 to $5.2 billion.
Keep in mind that the 1.3B valuation is for tokens with a vesting of 6 months cliff + 16.67% released at TGE + the rest unlocked over 30 months.
The airdrop tokens are fully liquid in the best-case scenario and in the worst case, 50% at TGE + 50% over 6 months.
1.3B is FUD
The airdrop tokens are fully liquid in the best-case scenario and in the worst case, 50% at TGE + 50% over 6 months.
1.3B is FUD
Rumors suggest that the airdrop will consist of 5% of the tokens, so we're talking about an airdrop worth $200M-$250M.
And the best part: although up to ~10,000 people could qualify, currently, there are only ~1,100 eligible users.
The potential is ridiculously high.
And the best part: although up to ~10,000 people could qualify, currently, there are only ~1,100 eligible users.
The potential is ridiculously high.
2️⃣ Bong Bears NFTs
Why would someone hold onto an NFT of a bear smoking marijuana that they almost got for free and is currently worth over $150,000?
Because they're going to make a lot more money with the airdrop (and its utility).
Why would someone hold onto an NFT of a bear smoking marijuana that they almost got for free and is currently worth over $150,000?
Because they're going to make a lot more money with the airdrop (and its utility).
The most recurring and strongest rumor is that they will distribute 5% of $BERA among the holders of the Bong Bears NFTs and their rebases.
Therefore, to understand how the airdrop will work, it's essential to understand how this collection functions.
Therefore, to understand how the airdrop will work, it's essential to understand how this collection functions.
This collection features rebases: by holding any of those NFTs, you were airdropped another one for free.
The first ones were the Bongs, and the rest were gradually released.
Currently, only one last rebase remains, about which little is known (or perhaps not so little, hehe).
The first ones were the Bongs, and the rest were gradually released.
Currently, only one last rebase remains, about which little is known (or perhaps not so little, hehe).
It consists of the following collections:
-Bong Bears: 107 NFTs
-Bond Bears: 126 "
-Boo Bears: 271 "
-Baby Bears: 571 "
-Band Bears: 1175 "
-Bit Bears: 2355 "
-Last rebase: 4710?
Total: ~9315 NFTs
-Bong Bears: 107 NFTs
-Bond Bears: 126 "
-Boo Bears: 271 "
-Baby Bears: 571 "
-Band Bears: 1175 "
-Bit Bears: 2355 "
-Last rebase: 4710?
Total: ~9315 NFTs
Rumors suggest that this 5% of tokens will be distributed equally among each collection, meaning the same amount for each collection.
If there are 500M $BERA in total, 5% (25M) will be distributed, and if there are 7 collections:
~3.5 million $BERA for each collection.
If there are 500M $BERA in total, 5% (25M) will be distributed, and if there are 7 collections:
~3.5 million $BERA for each collection.
If the FDV at launch is $4 billion, each $BERA will be worth $8.
With this price and the tokens distributed to each collection, we can calculate how many tokens each NFT will receive, and therefore, how much money they will earn.
With this price and the tokens distributed to each collection, we can calculate how many tokens each NFT will receive, and therefore, how much money they will earn.
Quick maths:
-Bong Bears: 3.5M/107 = 32.710 $BERA/NFT = 261.600$/NFT
-Bond Bears: 3.5M/126 = 27.700 $BERA/NFT = 222.000$/NFT
-Boo Bears: 3.5M/271 = 12.900 $BERA/NFT = 103.300$/NFT
-Baby Bears: 3.5M/571 = 6.130 $BERA/NFT = 49.036$/NFT
-Bong Bears: 3.5M/107 = 32.710 $BERA/NFT = 261.600$/NFT
-Bond Bears: 3.5M/126 = 27.700 $BERA/NFT = 222.000$/NFT
-Boo Bears: 3.5M/271 = 12.900 $BERA/NFT = 103.300$/NFT
-Baby Bears: 3.5M/571 = 6.130 $BERA/NFT = 49.036$/NFT
-Band Bears: 3.5M/1175 = 3.000 $BERA/NFT = 24.000$/NFT
-Bit Bears: 3.5M/2355 = 1.500 $BERA/NFT = 11.900$/NFT
-Último rebase: 3.5M/4710 = 743 $BERA/NFT = 6.000$/NFT
Now, there's an additional factor to consider: the last rebase, as all collections will receive it.
-Bit Bears: 3.5M/2355 = 1.500 $BERA/NFT = 11.900$/NFT
-Último rebase: 3.5M/4710 = 743 $BERA/NFT = 6.000$/NFT
Now, there's an additional factor to consider: the last rebase, as all collections will receive it.
Calculations including the last rebase:
-Bong Bears: 261k$/NFT + 6k$ = 267k$
-Bond Bears: 222k$/NFT + 6k$ = 228k$
-Boo Bears: 103k$/NFT + 6k$ = 107k$
-Baby Bears: 49k$/NFT + 6k$ = 55k$
-Band Bears: 24k$/NFT + 6k$ = 30k$
-Bit Bears: 11.9k$/NFT + 6k$ = 17.9k$
-Bong Bears: 261k$/NFT + 6k$ = 267k$
-Bond Bears: 222k$/NFT + 6k$ = 228k$
-Boo Bears: 103k$/NFT + 6k$ = 107k$
-Baby Bears: 49k$/NFT + 6k$ = 55k$
-Band Bears: 24k$/NFT + 6k$ = 30k$
-Bit Bears: 11.9k$/NFT + 6k$ = 17.9k$
Attached is a summary table of all calculations in different scenarios based on the launch FDV (prices as of 12/09).
In the last column, the multiple returns on your NFT investment are shown.
For now, it seems that the Baby Bears are the most profitable to buy.
In the last column, the multiple returns on your NFT investment are shown.
For now, it seems that the Baby Bears are the most profitable to buy.
---Update---
Seems like many people frontrunned this thread a bought tons of beras yesterday lol.
You will have to remake the maths bcz Bera is lazy and cant read nor make calculations.
Seems like many people frontrunned this thread a bought tons of beras yesterday lol.
You will have to remake the maths bcz Bera is lazy and cant read nor make calculations.
There are rumors that the Bong Bears will receive x2.3 more than the rest for being the OGs. I'm attaching a table with this modification.
Also, it's important to consider that the last rebase likely has a larger supply (I'll explain this now), so the calculations may vary.
Also, it's important to consider that the last rebase likely has a larger supply (I'll explain this now), so the calculations may vary.
Another rumor circulating is that the airdrop won't be 100% liquid from the start.
Instead, they'll distribute 50% at the launch of the mainnet, and the remaining 50% will be unlocked linearly over several months.
This makes sense.
Instead, they'll distribute 50% at the launch of the mainnet, and the remaining 50% will be unlocked linearly over several months.
This makes sense.
3️⃣ Utility of NFTs
One might think that their only utility is for the airdrop (and thus believe their value is solely based on the airdrop), but that's not the case.
Nothing is confirmed, but these NFTs might be used for several purposes:
One might think that their only utility is for the airdrop (and thus believe their value is solely based on the airdrop), but that's not the case.
Nothing is confirmed, but these NFTs might be used for several purposes:
> To serve as collateral for borrowing $HONEY natively at 0% interest
> To capture revenue (DEX fees, etc.) from the ecosystem
> To qualify as a validator (there might even be tiers of validators based on the NFT)
There are many rumors.
> To capture revenue (DEX fees, etc.) from the ecosystem
> To qualify as a validator (there might even be tiers of validators based on the NFT)
There are many rumors.
But one thing is clear: they won't let them become irrelevant post-airdrop. Their holders will be first-class citizens in the ecosystem.
They'll provide utilities for them, though there's nothing official yet.
Very little is known.
They'll provide utilities for them, though there's nothing official yet.
Very little is known.
If you've read up to this point, you might be thinking the following: so, if I want to get involved, do I have to spend 2 ETH on a little bear?
Possibly, but... there might be a more affordable option.
Possibly, but... there might be a more affordable option.
4️⃣ Last Rebase
In principle, it could be the cheapest (and still feasible) way to expose yourself to the Berachain airdrop.
The only thing known about the latest NFTs is that in an interview, Smokey mentioned many months ago that they would be issued directly on Berachain.
In principle, it could be the cheapest (and still feasible) way to expose yourself to the Berachain airdrop.
The only thing known about the latest NFTs is that in an interview, Smokey mentioned many months ago that they would be issued directly on Berachain.
But recently they might have left another clue.
And I say might because in this ecosystem everything could be or couldn't be, even if it's mentioned in the official documentation.
I'm referring to @berachein.
Just a few days ago they published their docs and look what it says.
And I say might because in this ecosystem everything could be or couldn't be, even if it's mentioned in the official documentation.
I'm referring to @berachein.
Just a few days ago they published their docs and look what it says.
"The Baka Bears represent rebase 6.9 of the Bong Bear NFTs"
To make it even clearer, check out this video I'm citing in which the speaker (who could be @itsdevbear, one of the co-founders of Berachain).
He makes it quite clear that this will be the case.
To make it even clearer, check out this video I'm citing in which the speaker (who could be @itsdevbear, one of the co-founders of Berachain).
He makes it quite clear that this will be the case.
If you want to secure a whitelist spot for the mint, I recently made a thread about them where I explain the steps to follow.
TLDR: join their Discord, complete tasks, earn $HANI, and purchase the whitelist spot with those $HANI.
TLDR: join their Discord, complete tasks, earn $HANI, and purchase the whitelist spot with those $HANI.
This collection will consist of 6,969 NFTs: 4,605 for rebases and the remainder for minting.
If you have a whitelist spot, you will likely be able to mint, and this could be one of the last and most affordable opportunities to expose yourself to the Berachain airdrop.
If you have a whitelist spot, you will likely be able to mint, and this could be one of the last and most affordable opportunities to expose yourself to the Berachain airdrop.
Even with so many confirmations, there's something that makes me think this might not be the official rebase:
>They say it's rebase 6.9 (instead of 7)
>There are 6,969 units (instead of ~4,720)
>They will have a token called $HANI
Who knows.
>They say it's rebase 6.9 (instead of 7)
>There are 6,969 units (instead of ~4,720)
>They will have a token called $HANI
Who knows.
5️⃣ Other Rumors
There are more rumors circulating:
> In addition to the 5%, there will be another smaller airdrop for:
• Holders of HoneyComb (I'll talk about this in the next thread)
• Holders of the Honeylist
• Testers of the incentivized testnet (more details to follow)
There are more rumors circulating:
> In addition to the 5%, there will be another smaller airdrop for:
• Holders of HoneyComb (I'll talk about this in the next thread)
• Holders of the Honeylist
• Testers of the incentivized testnet (more details to follow)
Regarding the testnet, it's said that only who has tokens for the testnet will be able to participate.
This will include holders of any collection within the Berachain eco: the more NFTs you hold the more tokens you'll receive.
You can get an idea here: dune.com
This will include holders of any collection within the Berachain eco: the more NFTs you hold the more tokens you'll receive.
You can get an idea here: dune.com
It's rumored that to incentivize this testing, those who spend these tokens and generate volume on the testnet might also receive an airdrop.
But as mentioned, these are all just rumors.
But as mentioned, these are all just rumors.
6️⃣ Conclusions
If you want to participate in the airdrop you have some options:
> Option 1: Buy a Bong Bears NFT or its rebases.
> Option 2: Get a WL spot for the BakaBears and mint one.
> Option 3: Buy any NFT from the Berachain eco and use the testnet when it opens.
If you want to participate in the airdrop you have some options:
> Option 1: Buy a Bong Bears NFT or its rebases.
> Option 2: Get a WL spot for the BakaBears and mint one.
> Option 3: Buy any NFT from the Berachain eco and use the testnet when it opens.
Keep one thing in mind: these are all, absolutely all, rumors.
That's the nature of airdrops (especially the good ones): the ones with the highest risk-reward are the least confirmed.
That's the nature of airdrops (especially the good ones): the ones with the highest risk-reward are the least confirmed.
But there's still another option for exposing yourself to Berachain that is also good and affordable, but I'll talk about that in the next thread.
See you soon.
Ooga booga
See you soon.
Ooga booga
Source:
>@bongbearsnft/introducing-bonga-bera-pro-d022e78c70ed" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
>Fakechain hidden alpha groups
>@bongbearsnft/introducing-bonga-bera-pro-d022e78c70ed" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
>Fakechain hidden alpha groups
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