Wormhole is an advanced platform in the Web3 space, aimed at enhancing interoperability among different blockchains. Developed by a decentralized collective including Wormhole Foundation, Wormhole Labs, and partners like xLabs, Superteam, and ZK engineering teams Lurk and Zpoken, it offers a set of open-source protocols for moving various types of data across over 30 blockchains. Wormhole and its token W strive for scalable operations of multi-chain applications and bridges, effectively contributing to the interconnectedness of the Web3 ecosystem.
The token W has a total supply of 10 billion, with an initial circulating supply of 1.8 billion in native ERC20 and SPL formats, the latter utilizing Wormhole's native token transfer framework, with ERC20 to be added post-launch. Notably, 82% of W tokens were initially locked, scheduled to unlock over four years, underlining a strategic approach to distribution and tokenomics.
Furthermore, Wormhole plans to engage the community and promote network decentralization through airdrops, allocating about 6.173 million W tokens to "Community and Launch" initiatives, including 5 million specifically for users interacting with Wormhole applications across different blockchains. This airdrop aims to reach nearly 400,000 unique wallets, covering a wide array of community projects and participants, showcasing Wormhole's commitment to fostering a strong and decentralized community ecosystem within Web3.
Wormhole is an advanced platform in the Web3 space, aimed at enhancing interoperability among different blockchains. Developed by a decentralized collective including Wormhole Foundation, Wormhole Labs, and partners like xLabs, Superteam, and ZK engineering teams Lurk and Zpoken, it offers a set of open-source protocols for moving various types of data across over 30 blockchains. Wormhole and its token W strive for scalable operations of multi-chain applications and bridges, effectively contributing to the interconnectedness of the Web3 ecosystem.
The token W has a total supply of 10 billion, with an initial circulating supply of 1.8 billion in native ERC20 and SPL formats, the latter utilizing Wormhole's native token transfer framework, with ERC20 to be added post-launch. Notably, 82% of W tokens were initially locked, scheduled to unlock over four years, underlining a strategic approach to distribution and tokenomics.
Furthermore, Wormhole plans to engage the community and promote network decentralization through airdrops, allocating about 6.173 million W tokens to "Community and Launch" initiatives, including 5 million specifically for users interacting with Wormhole applications across different blockchains. This airdrop aims to reach nearly 400,000 unique wallets, covering a wide array of community projects and participants, showcasing Wormhole's commitment to fostering a strong and decentralized community ecosystem within Web3.