Espresso Tokenomics Announcement
$ESP Token Overview
- POS consensus algorithm, Ethereum mainnet ERC-20 token
- Main Utilities: Staking rewards, protocol fees, Espresso data processing fees
- Initial Supply: 3,590,000,000 $ESP (Not fixed, subject to inflation)
Token Distribution
- Contributors: Team, Developers 27.36%
* 1-year cliff + 4-year vesting
- Investors: VC 14.32%
* 1-year cliff + 4-year vesting
- Airdrop: 10%
* TGE 100% unlocked. Details to be announced later
- Community Launchpad: 1%
* 1-year cliff + 1-year vesting
- Staking rewards/network decentralization: 3.01%
* 2-year vesting
- Future airdrops, grants, and incentives: 24.81%
* 6-year vesting
- Foundation: 15%
* 6-year vesting
- Liquidity: 4.5%
* TGE 100% unlock
⚙ Original notice
💬 Airdrop registration link
I didn't do anything special, but after checking a few wallets, I saw that I'm eligible for the airdrop. lol
But I need to verify my identity, and the site is incredibly slow and unresponsive, which is really frustrating.