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![CryptoJeremy01 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1564629056129302539.png) Crypto J. | Ø,G 🧡 [@CryptoJeremy01](/creator/twitter/CryptoJeremy01) on x 4032 followers
Created: 2025-07-22 10:37:05 UTC

I was okay with the KYC on Espresso presales, but the unlock period made it a no-go area for me. 

Here is my reason: 

1) The hype is already cooling off. Espresso is the first project on Kaito Capital's launchpad, but it's not even in the top mindshare leaderboard for the last X months or past XX hours. 

 2) Overvalued: The sale is happening at a $400M valuation, which is high (I might be wrong on this). 

3) Token locked: If we participate, you and I get X tokens at TGE. XX% unlocks after a 1-year cliff, and the remaining XX% via linear vesting over another year. 

4) High probability of receiving the token during a bear market, and if it indeed survives the bear market, I can buy it cheaper than the presale price. 

@EspressoSys should look into their terms and conditions for the presale and make adjustment.

Kindly share your thoughts on the presale in the comment section.

![](https://pbs.twimg.com/media/GwdKFQZW8AAwR7Q.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947606822359109675/c:line.svg)

**Related Topics**
[24 hours](/topic/24-hours)
[$400m](/topic/$400m)
[launchpad](/topic/launchpad)
[espresso](/topic/espresso)
[kyc](/topic/kyc)

[Post Link](https://x.com/CryptoJeremy01/status/1947606822359109675)