Wormhole has raised $225 million in its most recent funding round, bringing the company's valuation to $2.5 billion. Wormhole is the most widely used developer platform for facilitating communication between blockchain networks.
The Wormhole project has received funding from a slew of illustrious investors, including as Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, Arrington Capital, and other well-known investors.
Additionally, the Wormhole Foundation has launched Wormhole Labs, which will come out of hiding to play a pivotal role in the Wormhole development project. Wormhole Labs' grand opening was the occasion for this announcement. The main focus of the independent technology firm Wormhole Labs is focuses on the development of products, tools, and reference implementations that contribute to the expansion of cross-chain activity and technological advancement.
There are a plethora of prominent blockchains and projects out there, and Wormhole has been an integral component of their infrastructure since its launch in 2021. Since its debut, this has been the situation. Wormhole has successfully processed over 35 billion dollars worth of value, in addition to handling over two million cross-chain communications every day across over 30 chains.
A Wormhole: What Is It?
Developers can build scalable and operationally effective decentralized apps with the help of Wormhole, a state-of-the-art technology. Its messaging protocol is the backbone of its architecture; this feature allows for the safe and smooth flow of data and value over a vast network that includes hundreds of applications and about thirty main blockchains. This component is fundamental to its design.
Context Regarding the Wormhole Foundation
The Wormhole Foundation is the main entity responsible for overseeing the operations of Wormhole, the pioneering global communications protocol. The objective is to allow people a chance to make a difference by participating in blockchain interoperability technology research and development. This project's goal is to provide the Wormhole ecosystem's participating teams with the tools they need to build open-source, secure, decentralized solutions. To achieve this purpose, we will use ecological activities, grants, and research.
#Wormhole

#BinanceTournament The Shiba Inu community, known as the #SHIBARMY , might need to pay greater attention at this time as bad actors continue to target Shiba Inu holders.These bad actors do not stop at anything to defraud unsuspecting users and are always devising new ways to perpetuate scams. These individuals seek to leverage SHIB's immense popularity and its past price returns to sway naive holders. Thus, Shiba Inu holders are urged to be vigilant and cautious.Against this backdrop, Shiba army scam alerts, or Susbarium, an X account that seeks to protect the #ShibaInuCommunity by uncovering scams, has issued an urgent warning as the number of scammers impersonating well-known members of the SHIB team and the community increases.Susbarium warns Shiba Inu holders to only interact with the official SHIB team and beware of scammers who use fake accounts to provide misleading information to create doubt, redirect to fake websites or even obtain personal information that will be used maliciously.This is why it may be required to pay more attention, as many scammers clone legitimate accounts to trick unsuspecting users, and the discrepancies can only be spotted at a closer look.In its tweet, Shib army scam alerts flagged a fake account impersonating Ragnar Shib, a Shiba Inu Telegram admin. Days ago, Marswap, a Shibarium DEX, reported a fake account impersonating its official X handle.Extra tips to stay safeIn an earlier tweet, Shib army scam alerts offered five tips for the Shiba Inu community to stay safe as scams proliferate.The first is to beware of unsolicited messages. Second, they should enable two-factor authentication (2FA) to add an extra layer of security. Third, they should consider utilizing a hardware wallet to safely store cryptocurrency. Private keys are kept offline in hardware wallets, making it extremely difficult for hackers to obtain access to funds.Fourth, they should not rush into investments or share sensitive information without verifying the legitimacy of the source.Fifth, they should be wary of "pump and dump" schemes in which deceptive individuals artificially inflate cryptocurrency prices before selling their holdings at the peak, leaving others with substantial losses.#Wormhole #WhaleAlert

Wormhole
#Wormhole is a leading interoperability platform that connects over 20 blockchain networks, providing developers with access to liquidity and users. Through its foundational Wormhole Messaging protocol, it enables a wide range of use cases spanning DeFi, NFTs, and governance. Wormhole’s decentralized architecture, exemplified by products like Wormhole Connect, ensures secure cross-chain communication, trusted by major teams such as Circle and Uniswap.

Token Distribution & Release Schedule
Ticker: WMaximum Supply: 10,000,000,000Initial circulating supply: 1,800,000,000Token Format: Native ERC20 and SPL (using Wormhole’s Native Token Transfer standard)Lock Up: 82% of W are initially locked and such tokens will unlock over the course of four years per the Token Release Schedule below.

Token Allocation

The popular cross-chain bridge’s W token will have a total supply of 10B tokens, of which 11% will be airdropped to the community.

Wormhole, a protocol that allows users to bridge assets from Solana to other networks, has unveiled the tokenomics for its upcoming W token.
According to the team, 17% will be allocated to the community, 23% to the Foundation’s Treasury, 12% to core contributors, and 31% for ecosystem and incubation purposes. The remaining 17% will be distributed between strategic partnerships and guardian nodes.

While a date hasn’t been set for the token launch, a snapshot of eligible wallets was taken before today’s announcement. Of the 1.7B tokens allocated to the community, 1.1B is assigned to the airdrop, while the remaining 6% will unlock four months later.
Wormhole has been in the spotlight in past years for varied reasons. In early February 2022, the protocol was hacked and drained of $320M in the second-largest DeFi exploit to date.
Last year, the protocol completed 2023’s largest crypto raise, selling $225M in token warrants at a $2.5B valuation.
The airdrop to the Wormhole community underscores the platform's dedication to fostering a participatory and inclusive ecosystem. By distributing $W tokens to its community, Wormhole rewards its users and empowers them to participate actively in the platform's governance.
 Airdrop Highlights:
Community & Launch Allocation: 17% of the total supply is allocated to the community, with 11% unlocked at the (TGE) for immediate distribution to the community via an airdrop.
- Snapshot: A pre-announcement snapshot was taken on the 7th of February to ensure a fair and transparent selection process.
Eligibility Criteria:
In anticipation of Wormhole's significant community airdrop, the platform has yet to unveil the eligibility criteria details, creating a sense of curiosity among its users. However, there is a way to gauge your likelihood of qualification through the official Wormhole scan, where users can review their transaction history, volume, and interaction dates with the platform. Moreover, the introduction of specific roles within the Wormhole Discord community, such as RIFT and EARLY, hints at their potential influence on determining eligibility for the airdrop.
Special recognition has been extended to a leading NFT project on Solana, like Mad Lads, which received a dedicated role and channel in the Wormhole Discord, indicating a tailored airdrop allocation. This approach is mirrored in the inclusion of Y00ts and DeGods into the community, suggesting a strategic effort to reward active contributors and key ecosystem players. This trend of rewarding top NFT projects across different chains aligns with broader crypto practices aimed at cultivating a loyal user base, as seen with protocols like Dimension rewarding communities like Tensorians and Madlads, further underlining the importance of active engagement and contribution within the Wormhole ecosystem.
$W Tokenomics: Structuring a Decentralized Future
The unveiling of $W tokenomics is a pivotal development in Wormhole's journey, introducing a detailed token distribution, allocation, and utility framework. This structure supports the platform's long-term objectives, ensuring a balanced ecosystem where all stakeholders are aligned and incentivized.
#AirdropAlert #PIXEL #DYM #STX $DYM $ARB $TIA