Berachain (BERA)

who’s got the numbers on the airdrops that bera gave to berabaddies, and how many bridged it out immediately vs how many kept it on chain or immediately sold it to stables/kept in bera etc

Berachain was not caught by surprise by my article. More than a month ago, I sent over a list of questions that outlined everything I was planning to report on. But even after multiple follow-ups, Berachain's PR/team never answered any of my questions. https://t.co/CfbnFTU1FV

Pretty funny. Refuting the reporter's inaccurate writing is 'malicious slander', and the explanation given is: Because Brevan Howard's investment entity is a new fund that only invests in liquidity, in order to meet the liquidity strategy investment standards of this entity, both parties created an ancillary agreement. In this ancillary agreement, additional commercial arrangements (i.e., the so‑called refund clause) were promised. According to Berachain, this clause was set up to 'guard against a situation where Berachain fails to complete the TGE and cannot list' (note this is the key point!). But that doesn't add up. If the posted refund clause is genuine, it clearly states that Brevan Howard's investment entity has the right to request a refund within one year after the TGE. Since the agreement terms explicitly say the refund right is after the TGE—i.e., after the TGE is completed a refund is possible—this contradicts the official highlighted explanation, doesn't it? So who is lying? Moreover, if you want to counter the reporter's inaccurate claim, the strongest rebuttal seems to be: the posted agreement is forged or fake. (Have seen shameless people, but never seen this level of shamelessness.)

Please actually read the story before coming after my integrity. As for what you wrote here: - TL;DR - This is completely wrong. The full docs are linked below if you would like to read them for yourself. - The "Funding Deposit Date" outlined in 7.iii doesn't refer to the Series B funding, it refers to Nova's funding obligation, where the firm agreed to deposit $5 million into a wallet Nova controls on Berachain within 30 days of TGE. The refund right is only "suspended" until Nova deposits $5 million into the Berachain protocol, which it could do at any time. - As for 7.iv, the "Funding Wallet" is controlled by Nova. Berachain can't withdraw those funds since it doesn't control the wallet, so your entire premise is wrong there too. - At a very simple level, here is the story if you read the docs or the article: Nova has to put $5 million in a wallet on Berachain shortly after Berachain launches. This could be to make TVL look better or for some other reason. In exchange, Nova can ask for a refund of $2…