Wormhole Confirms the Arrival of an Airdrop and Introduces W
The Web3 ecosystem, in its quest for a transparent, trustless, open, and secure internet, has now made a major breakthrough with Wormhole.
This widespread messaging protocol, the first to connect Ethereum and Solana, has quickly established itself as a cutting-edge interoperability infrastructure, now ready to take a new step with the introduction of its native token, W.
A Vision of Increased Decentralization
Since its launch, Wormhole has transcended its initial role to become a full-fledged interoperability platform, enabling over 200 applications and hundreds of thousands of users to communicate across more than 30 blockchains. This remarkable growth has been supported by a secure and decentralized architecture, recognized notably by the Uniswap Foundation.
The Tokenomics Structure of W
The W token, with its maximum supply of 10 billion, represents a pivot towards decentralized governance for Wormhole. The initial distribution foresees 1.8 billion W in circulation, with a majority of tokens locked and released over a four-year schedule. This approach aims to ensure fair distribution while supporting the long-term development of the platform.
W is an ERC20 and SPL native token, compatible with Wormhole’s Native Token Transfer standard, facilitating cross-chain interactions.
Strategic Token Allocation
The allocation of W tokens is planned to strengthen the pillars of the Wormhole ecosystem:
- Guardian Nodes: 5.1% (510 million W) to secure and verify messages passing through Wormhole.
- Community and Launch: 17% (1.7 billion W), with 11% available immediately after the TGE to reward the community and support launch-related activities with an official airdrop.
- Key Contributors: 12% (1.2 billion W) allocated to teams contributing to the security, engineering, product, and growth of the platform.
- Ecosystem and Incubation: 31% (3.1 billion W) meant to stimulate the growth of the Wormhole ecosystem and support community development initiatives.
- Strategic Network Participants: 11.6% (1.16 billion W) to engage strategic partners through private sales, aiming for the long-term success of the network.
- Foundation Treasury: 23.3% (2.33 billion W) to finance priority initiatives and support the future development of the platform.
Find all the information on the official Wormhole website.
Towards Participatory Governance
With the introduction of the W token, Wormhole is embarking on its transition towards DAO governance, where W holders will be able to influence key decisions, from adding new blockchain connections to adjusting fees.
