Espresso network launches ESP token with 10% airdrop amid Ethereum layer-2 debate

The network transitioned to proof-of-stake and coincides with the rollout of the ESP token, which is used for staking, securing the network and protocol participation. What to know : The Espresso Network has officially transitioned to a permissionless proof-of-stake blockchain with the launch of its ESP token, opening participation in securing the network and distributing a community airdrop representing 10% of total supply. The transition coincides with the rollout of the ESP token , which is used for staking, securing the network and protocol participation. The Espresso Foundation said the total supply is 3.59 billion ESP, with 10% allocated to a fully unlocked community airdrop aimed at early ecosystem participants and users of Espresso-integrated rollups.