According to TechFlow TechFlow, on February 5th, blockchain infrastructure company Espresso released the economic model for its ESP token. ESP, an Ethereum ERC-20 token, has an initial total supply of 3.59 billion tokens, with no fixed maximum supply.
The ESP token distribution plan includes:
Contributors accounted for 27.36%;
Investors accounted for 14.32%;
Airdrops account for 10%;
Community Launchpad accounts for 1%;
Staking rewards accounted for 3.01%;
Future airdrops and incentives account for 24.81%;
The foundation's operating share is 15%;
Liquidity provision accounted for 4.5%.
The ESP token will be used to support the network's proof-of-stake consensus. Holders can participate in the network's operation by running validator nodes or delegating tokens. Espresso adopts a staking rewards formula similar to Ethereum, providing higher incentives when the staking rate is low and gradually reducing the reward rate as staking participation increases to ensure network security and stable operation.
Previously, it was reported that Espresso completed a $28 million Series B funding round in 2024, led by a16z.
