Many infrastructures have governance tokens, but the use of ERA is more practical: it is designed as the universal fuel for the entire Caldera network—cross-rollup transaction fees (especially through Metalayer's cross-chain/cross-rollup actions), staking and security incentives for node/validator participation, as well as governance voting for protocol upgrades and the treasury, all revolve around it. Authoritative entries and platform interpretations consistently summarize these three key pillars.
Why is universal Gas important? When you split applications into multiple dedicated rollups, and they need to communicate seamlessly, if each chain requires its own set of Gas assets, the user experience will quickly collapse. Letting ERA serve as a cross-rollup passport can make the payment experience a one-time authorization, usable everywhere. This is especially crucial in Metalayer's cross-rollup communication.
Staking and security is the second leg. Network participants (such as message relayers/validator nodes, etc.) earn rewards and priority by staking ERA, while also increasing the cost of malicious actions, forming weighted reputation and economic constraints. Many comments describe it as a key mechanism for aligning incentives and stabilizing service quality.
The third aspect is governance and finance: major parameters (such as cross-rollup fee rates, routing strategies, DA selections, treasury allocations) are decided by votes from ERA holders, ensuring that those who use it have a say. This makes Caldera more like a sustainable public infrastructure rather than a custodial service of a single company.
In terms of supply, information generally mentions a fixed supply of 1 billion, early circulation ratio and community distribution ratio (such as airdrops/ecosystem incentives) etc.; the specific pace is subject to disclosure by official sources and trading platforms, with research drafts often referencing an initial circulation of <20%. From an investment perspective, attention should be paid to the unlocking curve and actual usage, rather than just market capitalization rankings.
In Caldera, ERA = fuel + security + voting rights. When it binds the users of the network, the maintainers of the network, and the decision-makers of the network to the same economic loop, the token transcends mere decoration and becomes a necessary condition for the network's operation.
@Caldera Official #Caldera $ERA
