Caldera launches native Token ERA: Total supply of 1 billion, Airdrop accounts for 7%.

The Caldera Foundation announced the launch of its native Token $ERA to drive the development of the next generation of the internet. The Caldera architecture consists of two core components: the Rollup engine and the Metalayer. The Rollup engine is a modular operating system designed to launch high-performance custom chains for leading chains and frameworks such as Arbitrum, Optimism, Base, and ZKsync. The Metalayer automatically connects each chain into a network, allowing all chains to access shared Liquidity and secure, intent-based bridge services through this interoperability protocol, transforming the fragmented network into a unified "Internet of chains."

$ERA Token Initial Airdrop Announcement

Caldera now announces that the pre-claim event for the $ERA Token airdrop has begun. The total supply of this token is 1 billion, and this airdrop will allocate 7% of the total token supply as rewards, directly distributed to community members and ecosystem participants in recognition of their contributions to Caldera's development. For detailed steps and eligibility requirements for the pre-claim, please refer to the Caldera Foundation's documentation.

$ERA Token economics and unlocking plan

The total supply of $ERA is 1,000,000,000 coins. The distribution and unlocking plan aims to empower the community and ensure the long-term sustainable growth of the Caldera protocol.

Token distribution

The table below lists the final distribution of the total supply of 1,000,000,000 $ERA Tokens across various key ecological categories:

| Category | Allocation Ratio | Total Token Quantity | | ------------------ | ----------------- | ----------------------- | | Early Supporters and Investors | 32.06% | 320,600,000 | | Community Treasury | 21.00% | 210,000,000 | | Foundation | 14.94% | 149,400,000 | | Core Team | 14.75% | 147,500,000 | | R&D | 10.25% | 102,500,000 | | Airdrop | 7.00% | 70,000,000 | | Total | 100.00% | 1,000,000,000 |

Token Unlocking Plan

The token release schedule is specifically designed with unlocking mechanisms for each category to ensure network stability and long-term alignment.

Overview of main unlocking terms:

• Core Team & Early Supporters/Investors: There is a 1-year lock-up period (cliff). In the 12th month, 15% of their total allocation is unlocked, and the remaining 85% is unlocked linearly over a period of 24 months, until the end of the 36th month.

• Foundation & R&D: 25% of each category is unlocked at TGE (Token Generation Event), with the remaining 75% unlocking linearly over a period of 48 months.

• Community Treasury: 25% unlocks at TGE, with the remaining 75% unlocking linearly over a period of 48 months.

  

The above is the token economics of $ERA and its detailed distribution and unlocking plan. Through these measures, the Caldera protocol hopes to incentivize long-term stable development and ensure the sustainability of the ecosystem.

Note: Before the Token officially goes live, users need to register through the airdrop website. Eligible wallets must complete the pre-receiving process before July 17 at 12:00 AM UTC in order to receive the $ERA airdrop.

What is $ERA?

$ERA is the native Token of the Caldera ecosystem, designed to power this new type of interconnected system. The main functions of $ERA include:

1. Standard Gas Token for Cross-chain Operations: $ERA serves as the standard Gas token for Metalayer, used for cross-chain interactions and inter-chain data propagation. All related transactions will incur fees charged in $ERA.
2. Staking and Security: Validator nodes need to stake $ERA to ensure network security and validate cross-chain messages. The participation and influence of the nodes will be determined by their staking amount.

$ERA Token在治理中的作用

$ERA Token also provides holders with governance rights over the Metalayer protocol and its ecosystem. $ERA holders can propose and vote on Caldera Improvement Proposals (CIPs), influencing important decisions such as protocol upgrades and ecosystem funding.

• Protocol Upgrade: Caldera DAO will govern changes and upgrades to the protocol through on-chain voting.
• Ecosystem Funding: $ERA holders can vote to decide whether to provide funding to third-party developers and ecosystem participants to promote ecosystem innovation.
• Foundation and Committee Elections: The community will determine the leadership structure of the foundation and may elect members of the specialized committees.

$ERA's release and unlocking plan

The release plan for the $ERA Token is designed to support the long-term healthy development of the ecosystem. The tokens for the core team and early investors will have a one-year lock-up period, followed by a linear unlocking over 24 months. A detailed unlocking schedule will be published in the official documentation of the Caldera Foundation.

Caldera Foundation and Future Development

The Caldera Foundation will be responsible for supporting the growth and development of the Caldera ecosystem, promoting the gradual decentralization of the network, and providing legal and operational frameworks for ecosystem partners. The foundation will receive a certain proportion of $ERA Token to promote the development of the Caldera ecosystem.

Future Outlook: The release of $ERA marks an important step towards a scalable and interconnected future. Community members can participate in ecological construction to promote the building of this new type of internet.

Caldera, developed by Constellation Labs Inc. (now operating under the Caldera brand), is dedicated to solving the fragmentation problem of blockchain and promoting the realization of truly Web-scale applications with blockchain technology. Since its establishment in 2022, Caldera has supported over 50 launched Rollups, with a cumulative transaction volume exceeding 750 million, serving over 27 million unique wallet addresses, and a total locked value (TVL) of over 400 million dollars. To date, the team has raised a total of 25 million dollars in funding, including 15 million dollars in Series A funding led by the Founders Fund of Peter Thiel last year.

Disclaimer

This article is for informational reference only. The $ERA Token is a utility token within the Caldera ecosystem, and the information provided may be subject to change. Please be sure to conduct your own research and consult with professionals before making any financial decisions.