PANews July 11 news, according to The Block, Rollup-as-a-Service infrastructure provider Caldera will launch its native token ERA, which will be the main asset for paying Gas fees, staking, and governance. The total supply of the token is 1 billion, with 7% reserved for community members and ecosystem participants. Users must register on the claim website before the issuance to be eligible to receive it. ERA has three main functions: serving as the Gas token for the entire chain to drive network transactions; supporting staking to ensure the security of cross-chain message validation; and promoting decentralized governance through on-chain voting.

The Caldera Foundation in the Cayman Islands oversees ecological growth and decentralization, with governance gradually becoming decentralized, elected by token holders to choose subcommittee members. Currently, the company's team has raised a total of $25 million, including $15 million in Series A funding led by Peter Thiel's Founders Fund last year.