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
Japanese Yen Stablecoin: Can Japan Shake Up the $40 Trillion On-Chain Arbitrage Market Worldwide?
Japan is actively promoting the Japanese Yen stablecoin to reshape its position in the global financial market, aiming to strengthen the core role of the Yen through on-chain arbitrage trading. Despite challenges such as liquidity, regulation, and retail participation, its success will bring an important non-USD asset base to on-chain finance.
PANews51m ago
Avantis has opened the claim for the second season airdrop.
Odaily Planet Daily reports that the leading decentralized derivatives exchange in the Base ecosystem, Avantis, has opened the second season of airdrop claims. This season's claims will be distributed over 4 days, starting from today, with 25% unlocked each day at 19:30 (Beijing Time). The claim window is 24 hours each day.
GateNews3h ago
Figure: Securitized stablecoin YLDS circulating supply increased to $588 million, a 56% increase compared to the previous period
Figure Technology Solutions announced its latest business operation report, stating that the circulating supply of its securitized stablecoin YLDS increased to $588 million, a 56% month-over-month growth. YLDS aims to maintain a fixed dollar price and provide investment returns. Additionally, the transaction volume in the consumer loan market in February was $896 million, a 10% month-over-month increase.
GateNews4h ago
Paradex Foundation: DIME Token Now Open for Claiming
Foresight News: The Paradex Foundation announces the launch of the DIME token claim. Eligible participants can claim DIME through the Paradex user interface during the two-week claim period.
DIME's genesis date is March 5, 2026, at 17:10, with the initial launch scheduled for March 5, 2026, at 22:00. DIME will initially be traded only on the Paradex platform.
GateNews6h 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
CryptoNewsFlash6h ago
Jump Crypto and Mainfold Trading received 4 million OPN as market-making tokens, accounting for 2% of the initial circulating supply.
On-chain analyst Ai Yi announced on the X platform that the OPN Launchpool project will conduct a token generation event (TGE) tonight. Jump Crypto and Mainfold Trading have received 2.5 million and 1.5 million OPN tokens respectively, accounting for 2% of the initial circulating supply. Both market makers have already deposited some tokens into exchanges.
GateNews6h ago
