When it comes to the Caldera project, the most crucial element is its ERA token. Within the system, it's like gold coins in a game; it's essential for everything. Simply put, ERA governs three key functions:
First, voting rights. With ERA, you have a say in project development. For example, you can vote on major decisions like cross-chain fee adjustments and system upgrades. Unlike some projects that claim to be decentralized, the final say rests with the project owners.
Second, it earns interest. You can deposit ERA to help maintain network security, just like earning interest on bank deposits. Currently, the annualized return is 8%-15%, significantly better than Yu'e Bao. And the more you deposit, the more secure the network becomes—a win-win situation.
Third, it provides convenience for developers. Building chains with ERA is incredibly easy, allowing for customization. For example, game developers can set transaction fees to zero, allowing players to experiment freely. Transactions are also incredibly fast, confirming in the blink of an eye.
I think the smartest thing about ERA is that it's not just for speculation, but it can actually connect the entire system. As more people use it, it might actually become the "universal currency" of the blockchain world.
