Foresight News reports that the Espresso Foundation has announced the launch of the ESP token. According to the ESP token economic model, 10% of the initial total supply will be allocated for the first airdrop. Additionally, another 24.81% will be reserved for future airdrops, grants, and rewards. Unclaimed tokens from the initial airdrop will also be redistributed for future airdrops. Espresso stated that the airdrop will be distributed by calculating a holder score for each wallet address, which is measured by analyzing the address’s behavior after receiving previous airdrops to assess long-term investment intent. This method considers whether users have held, staked, or sold tokens from major ecosystem airdrops, including projects such as Caldera, Arbitrum, ApeChain, Hyperlane, Succinct, LayerZero, Uniswap, EigenLayer, and others.
This airdrop will be distributed to over one million addresses that participated in more than 30 activities. Eligible addresses can claim tokens on the day of the token launch. These users include participants in the 2024 mainnet registration event, holders of Espresso’s NFT series “The Composables” who will receive rewards based on specific snapshot dates and long-term holding, developers participating in Espresso’s Build & Brew hackathon and Brew House accelerator, members of the Espresso Caffeinated Creator Program, participants in community sales on Kaito Launchpad who bid for quotas, individuals who have received POAPs from various Espresso events (online and offline) over the past two years, those involved in the first seamless cross-chain NFT minting between ApeChain and RARI Chain, other community activities, and users within the partner ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polkadot to Reset Tokenomics on March 12 With Major DOT Supply and Staking Changes
Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%.
The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours.
On March 12, Polkadot will reset
CryptoNewsFlash1h ago
Multiple Perpetual DEX Projects Launch Airdrop Campaigns
Gate News bot message, several decentralized perpetual exchange projects have launched active airdrop campaigns. The projects are categorized into different tiers: S-tier includes Variational, edgeX, and Nado; A-tier comprises Ethereal, GRVT, Extended, Hibachi, and Liquid; B-tier features Pacifica,
GateNews9h ago
VeChain Demonstrates Blockchain Benefits With 5.2M Wallets Earning Weekly Rewards
VeChain’s VeBetter DAO has verified 48 million actions on more than 50 apps, and 5.2M wallets can now earn B3TR every week.
VeChain’s B3TR guide details app rewards, Vote2Earn, and GM NFT incentives tied to verified onchain sustainability actions.
VeChain has presented fresh data from its Ve
CryptoNewsFlash10h ago
Sky (SKY) Token Surges After Governance Vote Cuts Emissions and Expands USDS Stablecoin Credit Infrastructure
SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market.
Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum.
SKY, the governance token of the DeFi protocol
CryptoNewsFlash11h ago
Millions Quietly Gear Up for Pi Network's Big Leap
More users are still preparing to the Pi Network global vision as they approach more adoption. New updates regarding the migration progress and ecosystem expansion throughout the network boosted the level of community discussions.
Pi Network Global Vision gets a good Community Momentum
The Pi Net
Coinfomania11h ago
Matrixport: Low retail participation, lack of new narratives, and token unlock sell-offs putting pressure on altcoins
Matrixport report indicates that meme coins underperformed expectations over the past year, mainly due to low retail participation, lack of new narratives and real-world application projects, as well as ongoing token unlock pressures, which hindered market rebounds. Despite overall pressure, some localized opportunities can still be identified.
GateNews11h ago
