Espresso Airdrop Guide: How to Join the $ESP Testnet & Earn BIG Rewards!
AlphaDrop
26 days ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
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
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 project. This is a very big deal back in 2022. Now they've kickstart a whole new incentivized campaign for users. So if you've been interacting with their testnet since 2022, I think you're in a good position right now. But now they've confirmed, hey, we have campaigns, definite campaigns with concrete deadlines for users. Just letting you guys know, yes, there will be an airdrop in the future if you play with Espresso. Okay. So now you can go to layer three. This recently just started May 14. There are six campaigns for you to do to interact with Espresso. So the first one being intro to Espresso. So this one, complete this one, then you'll be able to wait for the week two activation. Then they'll have week three, week four, week five, and more activations coming soon. So the last, the deadline for this is June 26, but make sure to complete this as soon as possible in case maybe they decide to like lock this one. If you, they might have like an internal deadline. So do this one. Okay. In fact, they also have a $50,000 USDC reward pools for the layer three participants of this Espresso project. Okay. And another thing to note is if you want to maximize on the Espresso airdrop, they actually have an OG NFT collection called the composables. So this one, we're a bit too late for this one because this, uh, happened back last month. And the latest phase was the, the one for public where you need to, uh, sign up for an account on eth.cash and then deposit $25 to, to be eligible for the public round. But this is still very limited because they only choose 1000. So it's randomly selected. Okay. But how we're going to approach this now, if you missed the composables allow list is I think once the Espresso main net goes live, they'll have their own NFT marketplace. And let's actually see what the floor price will look like from there on and see if, you know, maybe it's worth getting as I've said time and time again, if there's a new chain, a new infrastructure with, uh, an OG NFT, it's definitely worth considering to get. Okay. We've seen this with Celestia and their Celestine slots. Those NFT holders have been eating very, very good. Mad lads, right. Um, you hold those NFTs, you get surprise airdrops. So what if, if Espresso is going to be building a lot of, uh, projects, maybe a lot of dApps will be building on Espresso and they're going to launch their, launch their own token airdrop, they might consider, Hey, if you have the composables NFT, we'll also distribute some aloe to you, words, you guys. So pretty bummed out. I kind of missed out on this one. I forgot that this was here. So I'm very sorry that I did not cover the, uh, composables NFT, but Hey, the next step now is to see, uh, where they're going to be listed on. Okay. Cool to see Espresso having a lot of partnerships actually. Yeah. You can see log X and a bunch of familiar names that we've covered before. Yeah. And in fact, they're part of the Ethereum ecosystem, very similar to, uh, radius as well. So let's go, dude. I'm super bullish on ETH. I'm actually hoping to see a lot of more activities on, uh, not just the investment side, but also in the ecosystem side for Ethereum. All season is going to be insane boys. Just saying. Okay. Yeah. You know, speaking of test nets, I think apart from Monad, Espresso can be good. Espresso can be good and Aztec network. So Martin here did a video about Aztec network. You can watch that. Uh, if there's more updates needed for Aztec network, we'll, we'll cover that as well. Of course. So very interesting story. Yeah. Espresso and Aztec network, I cut, there were the first projects I covered on box mining.com. Yeah. 2022. Yeah. What else is good? I mean, suey airdrops are good. They're hot right now. Of course there's Monad, uh, beamable is good. Axiom is good. This is more of the trading side though. Mm-hmm. We have, yeah, just a bunch. Yeah. So many. Uh, Oh, I also forgot to mention for game.runiverse.world, right? Forgotten runiverse. Uh, let's see. So there's an event now where you can claim pixels token by redeeming quanta, your quanta. Yeah. So some people opt for that, but I'm not, I think I'm going to be waiting for the XP token itself, the governance token of forgotten runiverse. So here pixel event, this will end in two days, two days and nine hours. So, you know, maybe if you want like immediate cash right now, you can go for this one, but I, I think immediate cash, immediate cash. Yeah. You can sell, you can sell them. How much is pixel right now? It's like way down from its all time high. Thank you guys so much for tuning into the stream. Keep farming. Okay. 2025 is going to be one hell of a ride. We're not even close to the peak. Okay. We're not even close to the peak. Not even close to the peak. Not even close. All right. So guys know what to do. Smash up the like button. Subscribe to the channel. My name is Ron Martin. Sean and I check out airdropler.com. Yes, sir.