Deep Tide TechFlow News, on February 5th, Espresso, a blockchain infrastructure project, announced the economic model for the 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:
Contributor share 27.36%;
Investor share 14.32%;
Airdrops 10%;
Community Launchpad 1%;
Staking rewards 3.01%;
Future airdrops and incentives 24.81%;
Foundation operations 15%;
Liquidity provision 4.5%.
The ESP token will be used to support the network’s proof-of-stake consensus, allowing holders to participate in network operation by running validator nodes or delegating tokens. Espresso adopts a staking reward formula similar to Ethereum, offering higher incentives when staking rates are low, gradually decreasing rewards as participation increases to ensure network security and stability.
Previously, it was announced that Espresso completed a $28 million Series B funding round in 2024, led by a16z.
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Espresso announces the ESP tokenomics model, with an initial supply of 3.59 billion tokens and an airdrop allocation of 10%.
Deep Tide TechFlow News, on February 5th, Espresso, a blockchain infrastructure project, announced the economic model for the 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:
Contributor share 27.36%;
Investor share 14.32%;
Airdrops 10%;
Community Launchpad 1%;
Staking rewards 3.01%;
Future airdrops and incentives 24.81%;
Foundation operations 15%;
Liquidity provision 4.5%.
The ESP token will be used to support the network’s proof-of-stake consensus, allowing holders to participate in network operation by running validator nodes or delegating tokens. Espresso adopts a staking reward formula similar to Ethereum, offering higher incentives when staking rates are low, gradually decreasing rewards as participation increases to ensure network security and stability.
Previously, it was announced that Espresso completed a $28 million Series B funding round in 2024, led by a16z.