Financing Background and Token Status
The vision of capital often reveals industry trends. Caldera has raised a total of $25 million, backed by top institutions such as Sequoia, Dragonfly, and Founders Fund.
In terms of the token, $ERA is currently priced at $0.86, with a market cap of approximately $127 million. However, it is important to note that the circulation rate is only 14.85%, and the FDV is relatively high, indicating significant unlocking pressure in the future.
The role of the ERA token mainly includes three points:
As an asset for cross-chain settlement and trading
Node staking, providing security assurance
Protocol governance, linked with the "ERA Force One" rank system
In other words, $ERA is not just "merely a governance token"; it is deeply tied to the operation of Caldera. However, investors should be cautious, as short-term unlocks may lead to price fluctuations.