What is ERA? The core token of Caldera.

ERA is the native utility and governance Token of the modular blockchain platform Caldera, designed to serve its Rollup-as-a-Service (RaaS) architecture.

Caldera allows users to deploy Layer-2 Rollups based on EVM or SolanaVM with one click and provides a complete data availability layer, cross-chain communication protocol (Metalayer), and development tools. ERA serves as the value medium connecting various Rollups.

Token功能包括：

• Pay transaction fees (supports multiple Rollup networks)
• Participate in governance proposals and protocol parameter voting
• Support for future staking and fraud proof mechanisms
• As an ecological incentive and liquidity mining reward asset

ERA_USDT trading pair is now live on Gate, entering the spot market.

Figure:https://www.gate.com/trade/ERA_USDT

On the evening of July 17, 2025, the ERA_USDT trading pair officially launched on Gate exchange, and users can participate in trading through the following methods:

• Web address:https://www.gate.com/trade/ERA_USDT
• App path: Gate App → Trading → Spot → ERA Market

On the first day of its launch, the price of ERA fluctuated between 1.85 and 1.4 USD, with a 24-hour trading volume exceeding 24 million coins, indicating sufficient market liquidity.

The token economy and distribution model of ERA

The total issuance of ERA is 1 billion tokens, mainly distributed as follows:

• Airdrop Backtracking (30%): Rewards for early users and developers
• Team and Advisors (20%): Multi-year linear unlocking
• Investors and reserves (30%): used to support ecological expansion
• Ecosystem Incentives (20%): Rewards for staking, development, and governance participants

Currently, there is no destruction mechanism introduced, but the Caldera community can propose relevant governance proposals for voting in the future.

How to trade ERA_USDT? A beginner’s guide

Recharge Method:

1. Go to the Gate official website or App, click “Assets” → “Spot” → “Recharge” → Select ERA
2. Obtain the ERA address and transfer assets from the wallet to the platform.

Trading Method:

• Search for “ERA” in the “spot trading” interface.
• Choose the ERA_USDT trading pair for buying and selling.
• You can set limit prices, take profit and stop loss, or use market prices for quick transactions.

New users are advised to set alert prices, reasonably control positions, and avoid the impact of short-term market sentiment fluctuations.

Investment Tips and Market Outlook

The long-term value of ERA lies in its underlying technology platform Caldera, which, along with Metalayer’s cross-chain capabilities, modular deployment tools, and practical projects (such as RARI Chain, Ozean, inEVM), forms the supporting logic.

However, investors should still pay attention to the following risks:

• The initial public offering period is highly volatile and not suitable for chasing highs.
• The unlocking plan and staking mechanism have not been fully implemented.
• The competition in the cross-chain bridge and Layer-2 space is intense.
• Regulatory policy changes may impact trading channels.

In summary, the launch of ERA_USDT means that ERA has moved from the conceptual stage to the phase of actual trading circulation. Future trends will be closely related to ecological development and are worth continuous observation.