Espresso Foundation has just concluded the community Token sale with demand far exceeding $4 million in ESP Token value, applying allocation based on registration time and ownership of NFT Composables.
To thank supporters, the fund will airdrop additional ESP Tokens with a fixed amount and special benefits for NFT holders, all will be unlocked when the project officially launches.
MAIN CONTENT
Espresso Foundation's ESP Token sale exceeded the demand of $4 million in supply.
Token allocation is based on registration time, ownership of NFT Composables, and influence in the L2 space.
Espresso Systems completes the Series B funding round with $28 million led by a16z crypto.
How did Espresso Foundation end the community Token sale?
Espresso Foundation announces the completion of the ESP Token sale on the KaitoAI platform with demand far exceeding the total supply of $4 million in Token value. Token allocation is based not only on registration ratio but also includes registration time, ownership of NFT Composables, and roles in the Layer 2 space.
The allocation based on multiple criteria aims to optimize fairness and enhance the experience for participants, highlighting Espresso's reputation and professionalism in building Rollup-native infrastructure for Blockchain.
What is Espresso's airdrop policy for supporters?
To acknowledge community contributions, Espresso will airdrop additional Tokens including a fixed 25,000 ESP, 33% of the registered purchase amount, and an additional 10% for those who own NFT Composables. All these Tokens will be fully unlocked when the project officially launches.
The airdrop policy increases value for loyal supporters while stimulating the cryptocurrency market by developing a sustainable ecosystem linked to NFTs and Layer 2.
How did Espresso Systems raise funds in the Series B funding round?
Espresso Systems has completed a Series B funding round with $28 million led by investor a16z crypto, affirming market and large investment funds' trust in their cryptocurrency infrastructure development potential.
This funding helps Espresso boost research and development of Rollup-native technology, a core trend enhancing scalability and efficiency for Layer 2 Blockchains, contributing to shaping the future of the DeFi ecosystem.
This successful funding round demonstrates deep investor trust in the technology and team of Espresso Foundation.
– Founder of Espresso Foundation, 2024
Frequently Asked Questions
On what criteria are ESP Tokens allocated?
ESP Tokens are allocated based on registration time, number of purchases, ownership of NFT Composables, and influence in the Layer 2 space.
How is the ESP airdrop for participant groups?
Participants will receive a fixed 25,000 ESP Tokens, plus 33% of the registered Token amount and 10% for NFT Composables holders.
What is the scale of Espresso Systems' Series B funding round?
Espresso Systems raised $28 million in the Series B funding round led by a16z crypto.
What is the significance of owning NFT Composables in the ESP Token sale?
Owning NFT Composables will help users receive additional ESP Tokens in the airdrop, increasing rewards for supporters.
When will ESP Tokens be fully unlocked?
All ESP Tokens from the sale and airdrop will be fully unlocked when the project officially launches.
Source: https://tintucbitcoin.com/esp-token-airdrop-thuong-staking-nft/
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