There are several cryptocurrency tokens named "Era," but the most well-known ones are Caldera (ERA) and Era Token (Era7). Both operate on blockchain technology and have their own unique ecosystems.
Caldera (ERA)
Caldera (ERA) is primarily a Layer-2 scaling platform designed to make the Ethereum blockchain more efficient. The ERA token serves several purposes within this platform, including:
* Paying gas fees: ERA is used to cover transaction costs on the network.
* Staking: Holders can stake ERA to help secure the network and earn rewards.
* Governance: ERA token holders can participate in the protocol's decision-making process.
Caldera aims to create a customizable, scalable, and interoperable environment for various applications like DeFi (Decentralized Finance), gaming, and the metaverse, while still leveraging Ethereum's security and decentralization.
Era Token (Era7)
Era Token (Era7) is a utility token for a metaverse-based trading card game (TCG) called "Era7: Game of Truth." Built on the Binance Smart Chain (BSC), this token facilitates in-game transactions, card collection, trading, and participation in the game's governance.
Era7 combines NFTs (Non-Fungible Tokens), DeFi, and blockchain technology to offer a unique GameFi (Gaming Finance) experience. The cards within the game are NFTs, which can be collected, traded, and appreciated in value on the blockchain, while also offering playability within the game itself.
Both of these tokens rely on the core principles of blockchain: decentralization, security, and transparency.
