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: W

  • Maximum Supply: 10,000,000,000

  • Initial circulating supply: 1,800,000,000

  • Token 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.

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