In summary:
The Vietnamese crypto community is expressing disappointment as many users who participated in the Berachain testnet and purchased NFTs did not receive any BERA tokens.
The airdrop criteria are being questioned, with some less active users receiving more tokens while those who invested heavily received nothing.
Investors are withdrawing from Berachain due to a loss of trust, with many selling their NFTs or withdrawing funds from Boyco Market, citing a lack of transparency in the allocation policy.
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Berachain’s airdrop (BERA) has garnered significant interest from investors, including those in the Vietnamese crypto community. Data from Kaito shows that Berachain is capturing the community’s mindshare, especially as it was one of the projects that raised the most capital in 2024.
However, many investors within the Vietnamese crypto community have expressed disappointment at receiving nothing despite investing significant effort and costs to “grind” for Berachain’s airdrop. Here are some observations from BeInCrypto.
See more: Berachain Announces Tokenomics & BERA Token Airdrop
Vietnamese Investors Express Discontent, Claiming Berachain’s Airdrop Criteria Are “Just for Show”
BeInCrypto has observed numerous similar accounts within the Vietnamese crypto community on X, where users report receiving no reward despite significant investment of effort and funds to obtain BERA tokens. Conversely, many users who did not invest significantly have received tokens
“According to the information from Berachain, the airdrop conditions were that users had performed the following actions on Artio and bAtio: Minting HONEY, claiming fees (probably from a faucet), adding incentives to Reward Vaults, converting BGT to BERA, and delegating BGT. But the truth is, it seems like these criteria were just for show, and the actual airdrop distribution was the complete opposite. What I’ve observed is that the less someone participated in the airdrop tasks, the more tokens they received, and vice versa,” Hak Research commented.
Influential account Hak Research also stated that they decided to sell their Berachain NFTs (worth 6.5 ETH) at break-even, believing that the opportunity wasn’t promising. They added that the anonymous developers did not inspire confidence. An Coldly shared a similar view with Hak Research, suggesting that “winning” the Berachain airdrop seemed to be a matter of chance.
“Those who won a lot of tokens are trying to explain it, but I don’t understand why. Whoever gets lucky, gets lucky. If everyone did the same tasks and some got tokens while others didn’t, just admit it was random,” An Coldly commented.
Some testnet users didn’t receive any BERA tokens, and some investors who spent money buying NFTs ended up with losses. Investor Vinh Vương is one such case.
“Bera mostly airdropped to NFT whales, while those who participated in the testnet got nothing. I bought NFTs and tried the testnet, but I’m at a loss because the NFTs I bought weren’t allocated much, and the ones that were allocated a lot were too expensive,” Vinh Vương shared.
Previously, as BeInCrypto reported, the total value locked in Boyco Market exceeded $2 billion, generating excitement within the community. But now, some investors have reported withdrawing their funds from Boyco.
“I’m out, bro. I’ve unfollowed the project. I withdrew all $20,000 deposited in Boyco on Stakestone. The project only airdropped to those who wrote articles. The testnet participants were all rejected. The project doesn’t care about its users. It’s hard to see it lasting long. ZK is an example,” Harrycao.eth stated.
Currently, Berachain (BERA) has been listed on exchanges and is trading above $11 (at the time of writing). The project has a market capitalization of over $1.2 billion and a fully diluted valuation (FDV) of over $5.7 billion.
See more: 5 Testnets Launching in February Worth Checking Out
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