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
bonk.fun Founder: Bonk does not own the One Piece IP, and the Meme tokens released by Freya are spontaneous actions.
bonk.fun founder Tom stated that the misunderstanding about a One Piece token is because it is not issued by bonk, but by a third-party project called Freya. He emphasized that if they had the relevant IP authorization, they would actively promote it, and pointed out that the project bypassed bonk.fun to inject liquidity directly, leading to misunderstandings and losses.
GateNewsBot1h ago
This week, tokens worth over $317 million are unlocked, with JUP, H, and GRASS released simultaneously.
The last week of February 2026, the cryptocurrency market will see a total token unlock of over $317 million, including more than $62 million worth of restricted tokens from the three major projects Jupiter (JUP), Humanity (H), and Grass (GRASS). The JUP unlock this time amounts to 253 million tokens, which is more than 4.7 times its regular monthly release of 53.47 million tokens.
MarketWhisper3h ago
3 tokens unlocked notable in the last week of February 2026
The cryptocurrency market is preparing for a major token unlock with a total value of over $317 million in the final week of February 2026. Three prominent projects – Jupiter (JUP), Humanity (H), and Grass (GRASS) – will officially release previously restricted tokens into circulation, promising to bring significant impacts to the market.
TapChiBitcoin3h ago
The Ethereum Foundation promotes DeFi and establishes the "DeFipunk" team, but V God has been continuously selling off tens of thousands of ETH.
The Ethereum Foundation announced the establishment of a DeFi team, appointing Charles St. Louis and Ivan to promote the spirit of "DeFipunk," emphasizing permissionless, censorship-resistant, and privacy-first principles. However, at the same time, Vitalik Buterin has sold over 10,000 ETH since February, sparking community concern over his selling intentions. This incident highlights the contradiction between the foundation's commitment to ecosystem development and V God’s selling behavior.
動區BlockTempo5h ago
Vitalik continues to liquidate ETH! Ethereum Foundation's $44.7 million tightening plan revealed
Ethereum co-founder Vitalik Buterin recently exchanged ETH for stablecoins through a decentralized exchange. Over the past few days, his associated wallet has sold more than 3,100 ETH, worth over $6.1 million. Buterin previously announced plans to sell approximately $47 million worth of ETH assets to support the Ethereum Foundation's financial needs during a period of "mild contraction."
MarketWhisper5h ago
RootData: CHEEL will unlock tokens valued at approximately $2.58 million in one week
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Cheelee (CHEEL) will unlock approximately 6.45 million tokens, worth about $2.58 million, at 8:00 AM Beijing time on March 3.
GateNewsBot5h ago
