Wormhole (W) announces airdrop and 4-year tokenomics plan

Following a series of recent projects, cross-chain protocol Wormhole is the next name to announce an airdrop.
Wormhole (W) announces airdrop and 4-year tokenomics plan

According to information posted late on the evening of February 7, the Wormhole cross-chain solution will use the “W” token, with a maximum supply of 10 billion and an initial circulating token of 1.8 billion USD.

The above token amount is allocated to many different categories, including:

Run transaction validation node (5.1% - 510,000,000 W);

Community and token issuance (17% - 1,700,000,000 W);

Ecosystem and incubation (31% - 3,100,000,000 W);

Core Contributors (12% - 1,200,000,000 W);

Network participants (11.6% - 1,160,000,000 W);

Treasury foundation (23.3% - 2,330,000,000 W).

Wormhole Tokenomics (W)

In the community category, Wormhole deducts 11% of tokens for airdrop. This allocation will be unlocked as soon as the project releases W (TGE). The remaining amount (6%) will be locked for 4 months after TGE.

Wormhole's W token unlocking schedule
Along with that, 82% of the total initial token supply will be locked and released to the market over the course of 4 years. The protocol will use native token formats ERC-20 and SPL.

Under Jump Trading (2022), Wormhole was stolen by hackers of 120,000 ETH, approximately 323 million USD at that time. This is also one of the largest DeFi attacks in history.

Immediately after that, the project quickly rebuilt its reputation and achieved many significant achievements. On top of that, last November, Wormhole successfully raised $225 million in capital, giving the company a valuation of $2.5 billion. Participating in the funding round were Brevan Howard, Coinbase Ventures, Multicoin Capital and Jump Trading.

In its airdrop announcement, Wormhole said it has processed nearly 1 billion cross-chain transactions for applications and projects such as Uniswap, Circle, and Lido.

Before Wormhole, recently the cryptocurrency market also received a lot of good news from other projects such as Pyth Network (2nd phase for dApp), Head of Mavia game, HAI stablecoin protocol, Shardeum layer-1 blockchain, sect platform. birth of Aevo, DEX Jupiter...