First, let me explain what Espresso does:
Espresso is a cross-chain 'super coordinator' that makes transactions between different blockchains (such as Ethereum, Arbitrum, Polygon) faster and more secure.
Its HotShot consensus can confirm transactions in seconds, making it suitable for scenarios like Rollup, cross-chain bridges, DeFi, and can also provide ordering and data availability services.
In one sentence: making cross-chain as smooth as single-chain, solving issues of slowness, insecurity, and incompatibility.
Profit model:
Espresso will issue tokens in the future for:
Staking to participate in consensus and ensure security;
Paying transaction fees and governance voting;
Receiving network rewards (similar to 'interest').
It does not charge user fees, relying on token appreciation + network usage fees to generate profit, similar to Ethereum.
In one sentence: first build a large network → later rely on tokens and services for profit.
In summary: Although the project background is decent, I personally feel the technical applications lack imagination, and the project's technical focus has been shifting for two years.
Talk about Layer3 tasks
First, let's look at the tasks
1. Distribute $50,000 in rewards and draw a whitelist (most likely also 1,000 addresses)
2. Each phase of the task must be completed
3. It is uncertain whether there will be other additional rewards
Why not participate
1. The number of participants has exceeded 240,000, making the chance of drawing a whitelist extremely small
2. The tasks are not systematic (I always feel that systematic tasks and dedicated task platforms have a much larger chance)
3. The cost of the first week's tasks is very low, but the costs for the second and third weeks surge, so to undertake this task, you must complete it; the subsequent costs are uncertain
4. The share of the NFT airdrop will definitely be substantial; all tasks aim to obtain its NFT, and even if there are additional rewards for completing this task, the potential for imagination is limited
