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Instructions for participating in Berachain project airdrop hunting
Berachain is a Layer 1 blockchain developed based on the Cosmos SDK that is highly compatible with EVM and operates on the novel Proof of Liquidity (POL) consensus mechanism. Berachain is launching the Artio testnet and users can participate in the project experience for a chance to receive airdrops in the future. Let's find out with Coin68 how to participate in airdrop hunting from Berachain!
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**Instructions for participating in Berachain project airdrop hunting
Overview of Berachain
Berachain is a Layer 1 blockchain developed based on the Cosmos SDK that is highly compatible with EVM and operates on a novel Proof of Liquidity (POL) consensus mechanism. Berachain deploys a system called Tri-Token consisting of 3 tokens operating at the same time on the platform including: BERA (utility token), BGT (governance token) and HONEY (stablecoin).
In addition, Berachain has successfully raised 111 million USD through 2 rounds of capital with a valuation of up to 1.5 billion USD from investors such as Polychain Capital, Shima Capital, Framework Ventures,... Berachain is also in the process of raising capital. Artio testnet phase and users can participate in the project experience to have a chance to receive airdrops in the future.
Instructions for participating in the Berachain airdrop hunt
To join the testnet, you need to add the Berachain Artio tesnet network to your MetaMask wallet via ChainList. After adding the network, visit artio.faucet.berachain.com to faucet BERA token testnet
After the faucet is successful, you can proceed to experience the existing DApps on the Berachain Artio testnet including: BEX, Honey, BEND, BERPS and BGT Station.
First you will perform a token swap and provide liquidity to the pool on BEX - Berachain's main DEX exchange.
Next, you proceed to mint HONEY - Berachain's native stablecoin from STGUSDC.
Next, you choose BEND - the original Lending platform on Berachain to borrow and lend HONEY.
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**HONEY loan
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**HONEY display interface has been successfully loaned
Next, you access BERPS to execute long/short with maximum leverage up to 100x. You need a minimum of 10 HONEY to mortgage and execute long/short orders.
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**Approve HONEY for mortgage
Finally, you access BGT Station - where you can stake BGT delegation to validators to receive rewards. You can claim BGT from the liquidity pool of BEX or BEND
Then, you choose any validator in the "Validator" section and stake BGT for them to complete Berachain's testnet.
Summary
Berachain is a Layer 1 blockchain that operates based on the Proof of Liquidity (POL) consensus mechanism and implements a novel Tri-Token system. Berachain is also in the Artio testnet phase and users can participate in the project experience for a chance to receive airdrops in the future.
Through this article, you probably have some understanding of how to participate in the airdrop hunt for the Berachain project.