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.
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