Binance recently listed $ERA token via its BNB Hodler program and here is everything you may want to know about the project.
**What is caldera? **
Caldera is the internet of rollups - an ecosystem of modular, interconnected, and customizable chains.
** ERA Token Utility **
Era utility will include the following:
🔸 Universal Cross-chain Gas: ERA will be used as the payment mechanism for cross-chain transaction relays.
🔸Network governance: ERA holders will be responsible for governing changes to the underlying protocol, including technical upgrades, fee mechanisms and DAO treasury spend
🔸Staking: ERA tokens will be used to secure the network. In the future, ERA can be used as a staking token for sub-networks.
🔸ERA will also be used as a social coordination tool to further unite rollups to bootstrap their networks to achieve success in their earliest stages
** Caldera Existing Products **
Caldera combines two products:
🔸The rollup engine, enabling any amount of performant new chains to be created quickly
The Caldera Rollup engine now secures $1B+ in total value and has processed 550M+ transactions across 17M+ unique addresses. This growth underscores Caldera’s ability to handle real-world demand while maintaining reliability and efficiency.
🔸The metalayer, an all-purpose full-stack interoperability solution that makes it possible to interact across chains.
it is designed to revolutionize how rollups interact with other chains, the Metalayer provides a seamless, secure, and efficient platform for cross-chain operations.
** Era Tokenomics **
Token Name: Caldera (ERA)
Genesis Total Token Supply: 1,000,000,000 ERA
Max Token Supply: 1,000,000,000 ERA
Circulating Supply 148,500,000 ERA (14.85% of total token supply)
Read More indepth analysis of $ERA Token Here 👇
