Original Title: "Financing 42 million, mainnet to be launched soon... A Comprehensive Guide to Participating in the Crowded Berachain Testnet"

Original Author: Peng SUN, Foresight News

Berachain originated from memes, with a strong community culture consensus, and focuses on "liquidity" and "NFT" narratives. It has close ties with the early DeFi project OlympusDAO. Specifically, Berachain is an idea from the NFT project Bong Bears community, which is supported by OlympusDAO and its investors, and inspired by OlympusDAO's rebasing to rebase new collections such as Bond Bears, Boo Bears, Baby Bears, Band Bears, and Bit Bears.

Regarding team composition, Berachain consists of 30 anonymous members including Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera, as well as Baloo the Bera, former engineering lead at Mysten Labs, who joined Berachain in January of this year.

In November 2022, after FTX's collapse, Berachain began fundraising. In April 2023, it completed a $42 million financing at a valuation of $420 million, with Polychain Capital leading the investment. Other investors included OKX Ventures, Hack VC, Dao 5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, a former partner at Dragonfly Capital, Celestia founder Mustafa Al-Bassam, Tendermint co-founder Zaki Manian, and 20 other DeFi project founders. At the time of the financing announcement, the Berachain ecosystem had a total locked value commitment of over $250 million.

In January of this year, Berachain announced that more than 30 native teams have been building on Berachain, and more than 100 teams from other networks plan to deploy on the testnet and mainnet, including Pendle, Redacted, Sudoswap, Abracadabra, and others. According to BD Umeshu from The Honey Jar community, Berachain will have more than 70 ecological projects by January 2024. Recently, Berachain has also partnered with cross-chain interoperability protocol LayerZero and NFT project Pudgy Penguin.

Thanks to the strong community consensus, Berachain, which is currently in the Artio testnet phase, is also extremely popular. The faucet was once reduced from 1 BERA to 0.1 BERA, and users are troubled by network congestion, queuing, slow arrival, and insufficient distribution. Berachain will launch its mainnet in the second quarter, and participating in the testnet and ecological interaction is the only way before that. At the same time, the current tutorials on Berachain testnet interaction on the entire network are too vertical and single, and have not horizontally covered the Berachain ecosystem and community. Therefore, Foresight News will make a brief summary of the Bera faucet method and deep participation in the Bera ecosystem for readers.

Galxe Points Mission

March of the Beras Daily

There are 2.42 million participants, and visiting Berachain-related pages once a day can earn 5 points.

March of the Beras Part one: Onboarding

There are 1.3 million participants with a total score of 90 points. Completing the basic tasks of following and retweeting on Twitter and interacting with the main network can earn 70 points. The more difficult task is to obtain the Bera Cub character in Discord, which requires frequent activity in the community and teaching new members how to operate, etc. This task is worth 20 points.

https://galxe.com/Berachain/campaign/GCjGGttCAG

Regarding the acquisition of the cub role, Smokey the Bera also has something to say, in short, it is "do good deeds and don't ask about the future."

Note: Holding the above 6 Bera NFTs allows you to claim your identity on Berachain Discord.

Testing Coin Distribution

BERA Facuet is currently the only entry point for participating in the Berachain test network. Previously, the off-market price was 4 RMB/BERA. Now, the BERA faucet distribution has decreased from 1 every 8 hours to 0.1, and it is estimated that the off-market price of BERA test coins will become more expensive. The risk of off-market trading of test coins is that it may be considered witchcraft.

On February 18th, the Berachain testnet had 1 BERA equal to 579 US dollars.

1.Berachain Foundation

Every 8 hours, you can receive 0.1 BERA (previously 1 BERA).

Website: https://artio.faucet.berachain.com/

2.The Honey Jar

The Honey Jar is an unofficial NFT project in the Berachain ecosystem community, built by Berachain seed investor janitooor.eth and 11 other members. It has collaborated with over 30 projects and holds Honey Comb, which entitles holders to benefits such as ecosystem project airdrops, whitelist access, early testnet access, additional rewards, and increased earnings. Overall, although there is a risk of being "unofficial," the THJ community has positioned itself well.

Website: https://faucet.0x honeyjar.xyz/badges

· For every 1 Bong Bear NFT held, you can receive 0.5 BERA per day with no limit (Bong Bear floor price is 694 ETH).

· For every 1 Bond Bear NFT held, you can receive 0.4 BERA per day with no limit (Bond Bear floor price is 78 ETH).

· For every 1 Boo Bear NFT held, you can receive 0.3 BERA per day with no limit (Boo Bear floor price is 35 ETH).

· For every 1 Baby Bear NFT held, you can receive 0.2 BERA per day with no limit (Baby Bear floor price is 15.5 ETH).

· For every 1 Band Bear NFT held, you can receive 0.1 BERA per day with no limit (Band Bear floor price is 8.6 ETH).

· For every 1 Bit Bear NFT held, you can receive 0.05 BERA per day with no limit (Bit Bear floor price is 5.4 ETH).

· For every 1 Honeycomb held, you can receive 0.05 BERA per day, with a maximum daily limit of 0.25 BERA (up to 5 Honeycombs can be purchased at a floor price of 0.5 ETH per coin, with a maximum cost of 2.5 ETH).

· For every 1 Honey Jar held, you can receive 0.05 BERA per day, with a maximum daily limit of 0.25 BERA (up to 5 Honey Jars can be purchased, with a floor price of 0.0999 ETH per token and a maximum cost of 0.5 ETH).

· Each Bera Infinity (including 10 Mirror article NFTs) can receive 0.05 BERA per day, with a maximum of 0.25 BERA (5 Bera Infinity).

3.QuickNode

https://x.postmint.xyz/community/65cd1f0659c00e3f6411e3a 8/65cd2f5a59c00e3f6411e72f

Developers can submit protocol/project name, project ideas, GitHub username, and other information to apply for more BERA test coins.

 https://app.deform.cc/form/e4d611a4-ae27-43ee-8ed3-834f1987a18d/

Mainnet Interaction

Berachain DApp includes the following: BEX (exchange), Honey (stablecoin minting/redemption), BEND (lending), BERPS (perpetual exchange), BGT Station (governance), Beratrail (browser).

Beratail data shows that the Berachain mainnet transaction volume is 43.33 million, and it was 21.55 million in the past 14 days.

BEX

Berachain BEX is the native DEX of Berachain, website:  http://artio.bex.berachain.com.

· Liquidity pools can be created in Pool or liquidity can be added to existing pools.

HONEY

Website:  https://artio.honey.berachain.com/

BEND

· WBTC and WETH can be deposited to borrow HONEY, and borrowing can earn BGT rewards.

BERPS

· By choosing Berpetuals and authorizing HONEY, you can go long or short on BTC, ETH, ATOM, and TIA with a maximum leverage of 100x.

· Choose Valut and deposit HONEY to earn bHONEY (using a cToken model similar to Compound). Stakers can earn profits from every transaction on the platform, and bHONEY accumulates these profits in real-time. Staking also earns BGT rewards.

BGT Station

Website:  http://artio.station.berachain.com/validators

Currently, there are 103 validation nodes with no APY or bribery. You can stake casually and the official website shows that 100 million BGT test coins have already been staked. Additionally, BGT can be exchanged for BERA at a 1:1 ratio. After staking, you can participate in voting for new proposals.

Ecological Project

According to Umeshu's compilation, there are currently over 70 ecological protocols, 32 The Honey Jar partners, 47 active projects, 30 DeFi projects, 19 NFT projects, 10 game projects, and 14 community projects in the Berachain ecosystem.

The author lists some projects here to showcase how Berachain's NFTs and The Honey Jar community's NFTs have been empowered in many projects.

The Honey Jar

1.NFT Mint

(1) Valentine's Day NFT - free mint

（2）OOGA BOOGA TICKET

Using 6.9 BERA or 4.2 HONEY can be minted, and HONEY is more cost-effective.

If you have OOGA BOOGA TICKET or meet other requirements to participate in Berachain's ecosystem projects, such as Beraplug token airdrop, you need to hold Honeycomb and OOGA BOOGA TICKET.

（3）BERA RED ENVELOPE

Website:  https://faucet.0x honeyjar.xyz/lny

(4) Other more NFTs, always pay attention to mint.

2. THJ Task

Currently, THJ platform has launched tasks such as Cub Initiate, Pudgy Ooga Booga, Apiology Architect, etc. Completing each task will earn a corresponding badge, which can be used to claim BERA test coins.

3.Badges and Faucet

持有的 NFT、完成的任务会转化成徽章，徽章代表用户能够领取的 BERA 测试币数量。

The NFTs held and tasks completed will be converted into badges, which represent the amount of BERA test coins that users can claim.

4.THJ Official Website

Now available for minting are "Beras vs Apes" Jar Gen 1 NFT and "Miladys and Beras" Jar Gen 2 NFT, with support for payment using OHM and ETH.

Beranames

Beranames is the official DID and domain protocol of Berachain. Registering for 1 year allows for free minting, while 2 years or more will incur charges based on the length of the domain name. The required BERA is relatively expensive.

Beranames has announced that the mainnet whitelist is now live. To obtain the Berachain mainnet whitelist forging qualification, you need to:

· Mint a Beraname, and/or

(Note: As per the instructions given, I have translated the Chinese characters into English, but have not translated any industry-specific terms or names, and have retained the original format of the text.)

· Hold a Berachain NFT, and/or

Kodiak Finance

Infrared

Beradrome

Bera Punks

· HoneyCast

Beraplug

Yeet Cup

Note: The first four Mirror articles of Yeet Cup have already minted 69 NFTs and are available for purchase.

Booba On Bera

Booba On Bera is an ERC 404 implementation on Berachain. Smokey The Bera, the founder of Berachain, commented and retweeted it. You can use BERA test coins to mint.

Ramen Finance

Ramen Finance is a Launchpad protocol in the Berachain ecosystem (3,3), which will launch a collection of 7500 generated Hungrybera NFTs on Arbitrum on February 21st. Priority Mint will open at 22:00 on February 21st (Beijing time), and Public Mint will open at 00:00 on February 22nd. The cost for Priority Mint is 0.069 ETH, and the cost for Public Mint is 0.12 ETH. Hungrybera NFT holders can receive a RAMEN token airdrop.

Ramen Finance has gifted 100 RamenList roles and 1000 RamenOG roles to community members. RamenList grants one Priority Mint qualification and a Hungrybera NFT airdrop, as well as one Priority Mint qualification.

Additionally, we also offer minting qualification lottery opportunities for Berachain ecosystem users:

Lottery 1: As of the snapshot taken at 22:00 on February 11th Beijing time, holders of the following NFTs are eligible to participate in the Hungrybera NFT minting lottery:

· Honey Comb NFT holders (each NFT can receive 1 lottery chance).

Lucky Draw 2: Participants of Berachain Testnet

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