Caldera Announces Community Airdrop and Launch of ERA Token

Caldera, the popular rollup-as-a-service infrastructure provider, has announced the launch of its native token, ERA. Along with the launch, Caldera has announced that 7% of ERA's 1 billion token supply has been reserved for distribution to its community members and ecosystem participants.

What is Caldera?

Caldera is a blockchain infrastructure provider designed to help developers and teams launch highly scalable, customizable Layer 2 rollups on Ethereum and other base chains. Caldera consists of two core components: the Rollup Engine and the Metalayer.

Caldera's Rollup Engine makes the process of building and deploying application-specific blockchains easy. The project helps developers build and optimize for throughput, latency, privacy, and cost. It has a flexible stack that can be integrated with various virtual machines, data availability layers, and modular components, a trait that makes it a favorite in the modular blockchain trend.

The Metalayer will automatically join all the chains into a single network. By this interoperability protocol, all chains have access to shared liquidity, secure, intention-based bridging, which turns fragmented networks into a unified Internet of Chains.

Since its launch, Caldera has raised more than $25 million and signed up a significant number of customers that use its infrastructure to break free of the limitations of Layer 1 and Layer 2 environments. It already has a total value locked (TVL) of over $400 million and has processed more than 850 million transactions.

Introducing the ERA Token

As more developers and teams embrace its technology, Caldera has now gone a step further to introduce its own native utility and governance token, $ERA. As stated in the official announcement, the $ERA token is not only a speculative asset, but it will also be a part of the Caldera ecosystem.

            Uses of the ERA Token

Caldera announced that $ERA will be the economic engine for the network's operations and grant its holders a direct impact on the ecosystem of the Metalayer protocol. The three pillars of ERA's utility are:

• Omnichain Gas: $ERA will be the standard gas token to operate on the Metalayer. Any inter-chain transactions made on the Metalayer will be charged a fee in the form of $ERA.
• Staking and Security: Validators stake $ERA to secure the network and verify cross-chain messages. Node stakes will be proportional to their involvement and role in the network.
• Governance: $ERA holders will have the ability to influence the Metalayer protocol and its ecosystem through the proposal and voting of Caldera Improvement Proposals (CIPs). $ERA holders will be able to vote on protocol enhancement, grants to the ecosystem, and Foundation elections.

By incorporating $ERA into the heart of its modular infrastructure, Caldera will seek to decentralize the governance process and allow its expanding community to actively participate in the development of the protocol.

How To Claim the ERA Airdrop

The airdrop will distribute 70 million $ERA tokens as a direct reward for the community and ecosystem members who have been instrumental in Caldera's journey. Ecosystem partners, early users, and testnet contributors can claim now through July 17 at 12:00 UTC, using the official claim portal.

Those who pre-claim will receive a share of the first distribution prior to the token generation event. All you need to do is register here and connect your wallet, X, and GitHub to see if you meet the eligibility criteria.

What's Next?

The release of the ERA token and community airdrop by Caldera will be a turning point in the emergence of modular blockchain systems. The airdrop could be followed by a token generation event and the mainnet launch.

Since developers are showing more interest in rollup systems that are flexible and performant, Caldera is well-positioned to emerge as one of the sector leaders.