Espresso Airdrop Guide: How to Join the $ESP Testnet & Earn BIG Rewards!

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Description

Join the Espresso Airdrop and earn $ESP tokens! Learn how to participate in Espresso Systems’ Milan, Cortado, and Kyoto 2.0 Testnets, bridge assets, and mint NFTs. Backed by a16z, this Layer 1 blockc...

AI Analysis

Okay, let's break down what's happening with Espresso and this potential airdrop.

Espresso is a long-standing project in the crypto space, focusing on being a Layer 1 blockchain. It's recently launched incentivized campaigns on Layer3, offering users a clear path to interact with their testnet and potentially earn rewards, including a confirmed USDC pool and likely future ESP token airdrop for participants. The project has strong backing, notably from Sokoa Capital and a16z.

Here are the key details and takeaways:

  • Espresso's Background: Espresso is a very old project, first covered back in 2022 when Sokoa Capital was the lead investor, which was a big deal then. It's backed by significant players like Sokoa Capital and a16z. It's part of the Ethereum ecosystem, which feels like a positive sign for its potential growth, similar to projects like Radius.
  • Airdrop Confirmation: Espresso has confirmed definite incentivized campaigns with concrete deadlines, indicating that yes, there will be an airdrop in the future for users who interact with the platform. This is not just speculation anymore; it's a confirmed path to earning.
  • How to Participate (Layer3 Campaigns): The main way to participate right now is through campaigns on Layer3. These campaigns just started on May 14th. There are six campaigns currently planned, starting with "Intro to Espresso." You need to complete the first one to unlock subsequent weekly campaigns (week two, three, four, five, and more).
  • Timeline for Layer3: The overall deadline for these campaigns is June 26th. However, it's stressed that you should complete the tasks as soon as possible. There might be internal deadlines that aren't explicitly stated, and waiting could mean missing out.
  • Rewards from Layer3: There's a confirmed $50,000 USDC reward pool specifically for participants of the Layer3 campaigns. On top of this, participation is expected to be a key factor for the main ESP token airdrop later.
  • The OG NFT (Composables): Espresso had an OG NFT collection called "Composables." Holding this NFT is likely to put you in a good position for future airdrops, similar to how OG NFTs on other chains like Celestia (Celestine slots) and Solana (Mad Lads) have received surprise airdrops from the main project or projects building on the chain.
  • Missing the NFT: Unfortunately, it was missed covering the Composables NFT distribution phase, which happened last month. The latest phase involved signing up on eth.cash and depositing $25, but it was very limited (only 1000 randomly selected participants). There's a bit bummed out about missing this opportunity.
  • Strategy for the NFT Now: If you missed the Composables allowlist, the strategy now is to wait until the Espresso mainnet goes live. It's anticipated they will have their own NFT marketplace. You should then watch the floor price of the Composables NFT there to see if it's worth buying. The belief is that acquiring an OG NFT on a new, promising chain like Espresso is definitely worth considering due to potential future perks and airdrops from dApps building on the chain.
  • Partnerships and Ecosystem: Espresso has a lot of partnerships, including familiar names like LogX. Being part of the Ethereum ecosystem is seen as a very positive sign and makes feel super bullish on ETH ecosystem activity beyond just investing.
  • Comparison to Other Projects: Espresso is mentioned alongside other potentially good testnet farming opportunities like Monad and Aztec Network (which recently had its own video guide). Sui airdrops are also noted as being currently hot and good. Beamable and Axiom (more trading-focused) are also mentioned as other projects worth looking into.
  • Forgotten Runiverse Mention: Briefly, Forgotten Runiverse is mentioned. There's an ongoing event ending soon where you can claim PIXELS tokens by redeeming Quanta. While this offers immediate cash potential (by selling the PIXELS), prefer waiting for the XP token, which is the governance token for Forgotten Runiverse.
  • Overall Sentiment: The general feeling is very optimistic ("super bullish on ETH," "All season is going to be insane boys"). The belief is that 2025 is going to be a significant year for crypto, and "we're not even close to the peak" yet. Keep farming is the key takeaway.

Transcript

Welcome back to Off a Drop. My name is Ron. My name is Martin. And today we're going to be talking about some projects that you need to be start farming this month, May 2025. These are reputable projects to farm. All right. So without further ado, let's dive straight in. Now, the project we're talking about is Espresso. This is a very, very old project. This is actually one of the first projects I covered on boxmining.com way back in 2022 when Sokoa Capital was the lead investor for their proje...