The ERA token serves as the value carrier of the Caldera ecosystem, and its economic model design reflects the long-term development thinking of the project party. The total supply of tokens is 10 billion, and the allocation plan is as follows:
- 35% ecological development
- 25% team and advisors
- 20% community incentives
- 15% private placement
- 5% public offering
In terms of utility, ERA mainly serves three major functions:
1. Network fee payment: All on-chain operations require the consumption of ERA
2. Governance voting: Token holders can participate in key decisions such as protocol parameter adjustments
3. Staking rewards: Validator nodes have an annualized return of approximately 12%, and ordinary users can obtain about 8% returns through delegated staking
It is worth noting that the project party has adopted a progressive unlocking mechanism, with a 4-year lock-up period for the team shares, released linearly every month. This design effectively reduces the risk of short-term selling pressure. Based on the current market price of $0.05 and a circulation of 500 million, its fully diluted valuation (FDV) is $500 million, which is within a reasonable range among similar projects
