According to The Block, Caldera, a Rollup as a Service infrastructure provider, will launch its native token ERA, which will be the primary asset for paying gas fees, staking, and governance. The total number of tokens is 1 billion, with 7% reserved for distribution to community members and ecological participants. Users need to register on the application website before issuance in order to be eligible for it. ERA has three main functions: as a full chain gas token to drive network transactions; Support pledging to ensure cross chain message verification security; Promote decentralized governance through on chain voting.
The Caldera Foundation in the Cayman Islands oversees ecological growth and decentralization, with governance gradually becoming decentralized and sub committee members elected by token holders. At present, the company's team has raised a total of $25 million in financing, including $15 million in Series A funding led by Peter Thiel's Founders Fund last year.
