2024-03-07
On Mar 7, 2024, Wormhole
cross-chain messaging protocol announces
617,305,000 million W token airdrop to community and users who have used Wormhole’s ecosystem.
617,305,000 million
W tokens is equal to 6.173% of W total supply. Wormhole will airdrop W tokens
to 397,704 wallets.
500,000,000 W allocate
to onchain activity for users who used Wormhole ecosystem applications across
more than 30 Wormhole-connected blockchains.
117,305,000 W allocate community users, such as Wormhole Discord users, various NFT communities, Monad
community, and the top 10,000 Pyth stakers.
Wormhole is more than just
a blockchain bridge, it can send crypto assets as well as information from one
blockchain to another blockchain.
Wormhole bridges currently
support Ethereum, BNB, Chain, Polygon, Avalanche, Fantom, Celo, Moonbeam,
Solana, Sui, Aptos, Base, Arbitrum, Optimism, Algorand, Acala, SEI, etc.
Wormhole is used by
developers of more than 200 applications and more than 1 million unique wallets
to move crypto assets and data across over 30 blockchains.
It has processed over 1
billion cross-chain messages for applications such as Uniswap, Circle, Lido,
Synthetix, and Pyth.
W token
On Feb 7, 2024 Wormhold has unveiled its tokenomics.
Wormhole’s native token
uses ticker symbol “W”. It has a max supply of 10 billion tokens
(10,000,000,000). The token will have a vesting period of 4 years and 8 months
(56 months).
W tokens run on both
Solana and Ethereum. They are Solana SPL token and ERC20 token that
leverages Wormhole’s Native Token Transfers (NTT) framework for multichain
functionality and can be transferred seamlessly to any Wormhole-connected
network.
W token
airdrop
6.173% (617,305,000) of the W supply comes from the Community & Launch category.
Wormhole’s W token utility
Wormhole will release full information of token utility in the future. W tokens will use for governance and the Wormhole DAO.
W token holders can vote on proposals through the Wormhole DAO on issues such as
-Adding and removing blockchain connections to Wormhole.
-Upgrading smart contracts across Wormhole.
-Adjusting fees across various products of Wormhole.
-Expanding or adding new parties to the Guardian set.
-Adjusting rate limits (a security feature).
-Token utility and design.
Check airdrop eligibility at https://airdrop.wormhole.com/.
