Espresso announces ESP tokenomics: 10% will be allocated for airdrops, 24.81% will be used for future incentives
Foresight News reported that blockchain infrastructure Espresso has announced the ESP tokenomics. The initial total supply of ESP tokens is 3.59 billions, and due to the dynamic adjustment of the staking reward mechanism, ESP does not have a fixed maximum supply cap. Of the total, 27.36% will be allocated to contributors (1-year cliff unlock, 4-year linear vesting), 14.32% will be allocated to investors (1-year cliff unlock, 4-year linear vesting), 10% will be used for airdrops (eligibility and distribution are determined by a comprehensive evaluation mechanism, including more than 40 qualification criteria, fully unlocked at TGE), 1% will be used for community sale (1-year cliff unlock, 2-year linear vesting), 3.01% will be used for staking rewards and network decentralization (2-year linear vesting), 24.81% will be used for future incentives (this portion will support diversified programs, 6-year linear vesting), 15% will be used for foundation operations (6-year linear vesting), and 4.5% will be used for liquidity provision and additional activation (fully unlocked at TGE).
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