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![Tanaka_L2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1456891312230506496.png) Tanaka [@Tanaka_L2](/creator/twitter/Tanaka_L2) on x 58.1K followers
Created: 2025-07-22 08:01:33 UTC

Kaito just announced their first launchpad project: Espresso.

Some people asked if I’ll join.

@EspressoSys is actually a solid project – strong backers like a16z, $60M previously raised, and building a modular confirmation + sequencing layer for rollups.

But I won’t join this round. Here’s why:

▸ FDV is $400M (High)

▸ Vesting is a no-go for me

→ XX% unlock after 1-year cliff, then linear vesting over another year.

→ Meaning: you get nothing for XX months while the token trades live.

“Nobody is gonna invest in this type of vesting.”

Espresso might succeed long term. But if you're locked for a year while liquidity plays out in the open market – you're holding risk, not upside.

With this kind of vesting, I’ll sit out the public round.

I’ll wait for TGE, observe the market reaction, there’s no rush.

#Kaito #Espresso

![](https://pbs.twimg.com/media/GwcmaZMbEAYKxdq.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947567678601982191/c:line.svg)

**Related Topics**
[realtime](/topic/realtime)
[$400m](/topic/$400m)
[$60m](/topic/$60m)
[andreessen horowitz](/topic/andreessen-horowitz)
[espresso](/topic/espresso)
[launchpad](/topic/launchpad)

[Post Link](https://x.com/Tanaka_L2/status/1947567678601982191)