Caldera Foundation announced the launch of its ERA token, which will facilitate decentralized governance and staking opportunities. It is reported that 7% of the tokens will be distributed to the community through an airdrop.
ERA Token Launch: Key Aspects
The ERA token was launched on July 11 and signifies an important step towards decentralizing governance in Caldera's infrastructure. The token will serve as the primary gas asset for conducting transactions on the network. An initial supply of 1 billion tokens has been allocated, with 7% reserved for community participation, representing a significant move toward active engagement.
Price Dynamics and Expert Opinions
The ERA token exhibits variable market dynamics. Over the last 24 hours, there has been no change in trading volume, but the price has increased by 2.64%. According to CoinMarketCap, as of July 11, its market capitalization reached $26,980.88, with a circulating supply of 46,021,643 tokens. Researchers note that past instances, such as those seen with Uniswap and 1inch, demonstrate that retroactive airdrops can significantly enhance platform adoption.
General Information about ERA Token
ERA features several key functions, including supporting staking for cross-chain message verification and facilitating on-chain governance votes. Community reactions to the token announcement have been mostly positive, indicating participants' readiness to take advantage of the available opportunities.
The launch of the ERA token by Caldera Foundation marks progress in decentralized governance and provides the community with an opportunity to actively participate in developing the ecosystem, which can have a positive impact on network security.
