$ESPR Overview - Utility and Value Accrual
Let's explore the mechanisms behind $ESPR:
$ESPR Utility during Token Deployment
$ESPR holders with more than 3million $ESPR are entitled to discounts on their token launches.
As $ESPR is only available on ETH mainnet, by holding enough $ESPR on mainnet you get discounts on any other chains you might be launching tokens on.
Holders with enough $ESPR can unlock 100% free token launches, as they can deploy with 0% LP tax and 0% buy/sell tax, but other tiers are present as well:
Ristretto (requirement = 3 million $ESPR): 0.6% LP Deposit Fee, 0.6% Buy/Sell Tax
Lungo (requirement = 4 million $ESPR): 0.3% LP Deposit Fee, 0.3% Buy/Sell Tax
Doppio (requirement = 5 million $ESPR): 0% LP Deposit Fee, 0% Buy/Sell Tax
$ESPR Buyback and Burn
EspressoBot is allocating 100% of revenues net of costs to buyback and burn $ESPR tokens. Buyback and burn transactions do not happen at a fixed time, but you can track the most recent updates on Espresso official Twitter account: https://twitter.com/espressoTG
To learn more about the number of tokens burned to date, please refer to Etherscan and the $ESPR balance in dead wallet 0x000000000000000000000000000000000000dEaD https://etherscan.io/token/0xa3c31927a092bd54eb9a0b5dfe01d9db5028bd4f#balances.
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