My friend Ah Ming has recently been researching ERA and is conflicted about whether to invest: "Sequoia and these institutions have invested 24 million, the ecological data looks good, but I'm always afraid of stepping into a pit."

ERA, as Caldera's ecological token, has a clear function: to pay transaction fees, stake for security, and participate in governance, with a total supply of 1 billion tokens. The distribution is tilted towards early users and the ecosystem, while the team and investors' shares are unlocked in stages to avoid sell pressure.

From an investment perspective, Caldera's RaaS model is indeed impressive, already operating over 30 Rollup chains with a TVL exceeding 600 million and millions of independent wallets. Technically, it can flexibly adapt to different needs, solving the fragmentation issue of Layer 2. The endorsement from top institutions and the rapidly expanding ecosystem are its core attractions. #Caldera

However, the risks must also be clear: competition among similar RaaS platforms is fierce, regulatory policies are volatile, and the maturity of technology still needs time to be tested. @Caldera Official

Ah Ming ultimately decided to try a small position: "I am betting on the possibility of continued ecological explosion, after all, the institutions and data are there, so I have to keep an eye on dynamic adjustments." Investment is always about finding opportunities within risks, and ERA is just such an option full of variables. $ERA