$ERA Token Economics: Unlocking Schedule and Selling Pressure Warning

#caldera (ERA) token economics design directly affects its market supply and demand balance, necessitating close attention to the unlocking schedule and potential selling pressure risks. According to official disclosures, the total supply of ERA is 1 billion tokens, with an initial circulating supply of only 148.5 million tokens (accounting for 14.85%), but the future unlocking pace may trigger market volatility:

Stage Unlocking Pressure

Team and Advisor Tokens (20%): To be unlocked linearly over 2-4 years, with a lower release ratio in the first year, but may gradually increase circulation from 2026 onwards.

Investor Shares (30%): Some institutional tokens may be unlocked in batches after the mainnet goes live, requiring vigilance against short-term concentrated selling.

Ecological Incentives (20%): Dynamic release mechanisms may result in actual circulation exceeding expectations; based on experiences from similar projects, the annual release volume may exceed planned amounts by 2-3 times.

Market Supply and Demand Imbalance Risk

The current ERA price is supported by liquidity premiums from its initial listing on Binance, but if the growth of Total Value Locked (TVL) does not keep pace with the token release rate (as seen in the case where Arbitrum caused a 97% loss for holders due to unlocking), it may trigger a price correction.

Hedging Strategy Recommendations

Investors should monitor on-chain data (such as changes in whale holdings) and ecological progress (such as the adoption rate of the Metalayer protocol), adjusting positions before key unlocking nodes to avoid short-term selling pressure impacts.

Conclusion: The long-term value of $ERA depends on whether ecological expansion can absorb token increments, but concentrated unlocking after 2026 may pose the greatest challenge. @Caldera Official