The Espresso Foundation has announced the upcoming launch of the ESP token as part of its transition to a decentralized Proof-of-Stake (PoS) consensus mechanism. The ESP token, an ERC-20 token, will have an initial supply of 3.59 billion tokens with no fixed maximum supply. It will support Espresso's HotShot consensus, pay protocol fees, and promote network decentralization and ecosystem growth. The token allocation includes 27.36% for contributors, 14.32% for investors, 10% for airdrops, 1% for community launchpad, 3.01% for staking incentives, 24.81% for future incentive plans, 15% for foundation operations, and 4.5% for liquidity supply. The airdrop portion will be fully unlocked, while other allocations will follow various linear unlocking schedules. The Espresso Network aims to enhance rollup capabilities, offering fast, secure finality, low-cost data availability, and seamless inter-chain interoperability.