$W is listed on Upbit, the largest exchange in South Korea💥
After listing, it soared 50% 🔥
Is w worth buying? What is the real role of the token?
Hello everyone, I am Bit-eight. I will explain the real value of w. Double-click to like and follow
1. W, formerly known as Wormhole, is a cross-chain messaging protocol launched in 2020 to help developers create cross-chain applications.
It initially focused on two-way bridging between Ethereum and Solana, and later developed into a general messaging protocol that supports multiple blockchains and became independent from Jump Crypto.
Although Wormhole experienced a major security breach in 2022 and lost about 120,000 ETH, it still thrived and built a complete ecosystem, with more than 200 projects on its platform.
In 2023, Wormhole completed a $225 million financing with a valuation of $2.5 billion, attracting the participation of many well-known investment institutions.
2. Overview of the issuance and economic model of the native token W:
Wormhole's native token is W, which supports ERC-20 and Solana SPL standards, with a total supply of 10 billion and an initial circulation of 1.8 billion. The remaining 8.2 billion tokens will be locked at the initial issuance and will be gradually unlocked over the next 4 years.
The above are his functions and token value
I personally do not recommend opening a position because of security issues and ecosystem dependence
If you are a big investor, will you buy tokens for staking?
