Binance has officially announced Caldera (ERA) as the 27th project in its HODLer Airdrop. This means that Binance users who held BNB and subscribed to Simple Earn between July 1 and July 5 were eligible to receive a share of the 20 million ERA tokens (equivalent to 2% of the total supply).
What is Caldera (ERA)?
Caldera describes itself as the "internet of rollups." It is a modular rollup platform built on Ethereum that enables horizontal scalability and interoperability between different rollups. Instead of optimizing a single blockchain, Caldera allows projects to launch customizable rollups while maintaining the security and decentralization of Ethereum. This is key to the future of Web3 applications, as it seeks to solve issues of speed and cost in transactions.
Key Features of Caldera:
* Custom rollups: Facilitates developers in creating fast, customizable, and efficient Layer 2 (L2) blockchains.
* Fast finality and pre-confirmations: Enhances the speed and security of transactions.
* Guardian Nodes: Provide additional security and decentralization for the rollups.
* Native yield: Supports incentives for the ecosystem and economic sustainability.
* Metalayer: Aims to unify different rollup technologies (such as Arbitrum, Optimism, and ZK-Rollups) under a single interface to simplify interactions between L2 ecosystems.
What will the ERA token be used for?
The ERA token will be the native token of Caldera and will primarily be used for:
* Gas fees within its ecosystem.
* Staking to secure the network.
* Governance, allowing token holders to participate in project decisions.
Launch and Trading:
Spot trading for ERA in the pairs ERA/USDT, ERA/USDC, ERA/BNB, ERA/FDUSD, and ERA/TRY will begin on Binance on July 17 at 15:30 UTC.
Impact and Perspectives:
Caldera has been working on its platform since 2023, has already enabled over 60 rollups, and processed more than 400 million transactions, with a Total Value Locked (TVL) of $500 million. It has raised funds from major investors such as Founders Fund and Sequoia Capital.
The listing on Binance and the airdrop to BNB holders are significant steps for the adoption and liquidity of the ERA token, positioning it as a project to watch in the Ethereum scalability and L2 solutions space. The community predicts that the price of the ERA token could hover around $0.80 USD when listed on major exchanges, and even reach an ATH of $1-$1.2 USD due to initial FOMO.
