Understanding Cryptocurrency $ERA in One Article: Potential New Star or Illusion?
Recently, there has been new activity in the cryptocurrency sphere, with $era making a strong entrance into everyone's view. Today, let's take a good look at it.
$era is the native utility and governance asset of the Caldera ecosystem, with a fixed total supply of 1 billion tokens. The Caldera platform is not simple; in the blockchain scalability race, it allows project parties to easily launch their own Ethereum Layer-2 chain through a Rollup-as-a-Service platform. In simple terms, it helps developers build high-performance dApps more conveniently.
The distribution of the ERA token is quite meticulous: about 30% is allocated for retroactive airdrops, rewarding early users, developers, and active community contributors who participated in the Caldera testnet; about 20% is given to the team and advisors, but this share will be gradually unlocked over two to four years to ensure core members continue to contribute to the project; about 30% is allocated to investors and reserves to support ecosystem expansion, strategic partnerships, and project funds; the remaining approximately 20% is used for ecosystem incentives, such as liquidity mining, developer bounties, and governance rewards, encouraging community members to actively participate.
The use cases of ERA are also numerous. It can be used to pay transaction fees on any Caldera Rollup chain, not limited to ETH. In the future, a staking module will be launched, allowing token holders to use ERA to support fraud proof systems or data availability commitments. Moreover, as long as you hold ERA, you can participate in important voting decisions regarding Metalayer upgrades, transaction fee parameter settings, and ecosystem fund allocations.
Currently, users can acquire ERA by purchasing it through the ERA/USDT OTC trading pair on exchanges like XT.com, or by participating in Caldera community activities to earn it. Although there is currently no automatic burning mechanism, Caldera's governance framework allows the community to propose and vote on a transaction fee burning model in the future to balance supply and demand.
In the Caldera ecosystem, there are already quite a few application scenarios developed based on ERA. For example, RARI Chain focuses on NFTs, has built-in royalty enforcement, extremely low transaction fees, and can seamlessly integrate with mainstream wallets and NFT indexers, making it a favorite among creators and collectors.
