W Airdrop Explained

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6 Mar 2024

Wormhole is the leading interoperability platform powering multichain applications and bridges at scale — the Web of Web3. The suite of open source protocols is used by developers of over 200 applications and more than 1 million unique wallets to move various types of data across over 30 blockchains. In total, the platform has handled over 1 billion cross-chain messages for applications and teams like Uniswap, Circle, Lido, Synthetix, Pyth, and more. In 2023, the Uniswap Foundation’s Bridge Assessment Committee conducted a third-party multi-month report that resulted in Wormhole being named the only unconditionally approved cross-chain protocol for use by the Uniswap DAO, based primarily on security and decentralization practices.
The Wormhole platform is being developed by a decentralized set of teams contributing to security, engineering, research, product development, ecosystem growth, and community. These teams include Wormhole Foundation, Wormhole Labs, xLabs, and Asymmetric Research, as well as other contributors like Wormhole China, Superteam, Lurk (ZK engineering), Zpoken (ZK engineering), and Succinct (ZK engineering), among others.
The Wormhole protocol is now further decentralizing. This post provides more information about the upcoming airdrop of Wormhole’s native token, W. It includes the Token Release Schedule, allocation to strategic stakeholders within the Wormhole network and ecosystem, as well as a description of its current and future utility. The token generation event (TGE), broad distribution, and usage of W are crucial steps in advancing Wormhole toward a decentralized and permissionless future.
If you’re new to Wormhole, you can learn more about the platform at the following links:

Tokenomics and Airdrop Details

With the recent announcement of W, the Wormhole protocol has embarked on a road of further decentralization. This launch airdrop is constructed to support that vision and meaningfully decentralize protocol stakeholders from the start.
W has a supply of 10 billion tokens, with an initial circulating supply of 1.8 billion, distributed in ERC20 and SPL formats across 5 initial chains: Ethereum, Solana, Arbitrum, Optimism, and Base. The token will be allocated across six main categories: Guardian Nodes, Community & Launch, Core Contributors, Ecosystem & Incubation, Strategic Network Participants, and the Foundation Treasury, with 82% initially locked and set to unlock over four years. The tokenomics structure is designed to support Wormhole's long-term success, stability, and progressive decentralization.
W is a native Solana SPL token and native ERC20 token that leverages Wormhole’s Native Token Transfers (NTT) framework for multichain functionality and can be transferred seamlessly to any Wormhole-connected network.
6.17% (617,305,000) of the W supply has been allocated from the Community & Launch category in connection with this airdrop across 397,704 wallets following anti-sybil measures. The airdrop included 500,000,000 W for onchain activity for users who used Wormhole ecosystem applications across the 30+ Wormhole-connected blockchains, as well as approximately 117,305,000 W for community users, such as Wormhole Discord users, various NFT communities, Monad community, and Pyth stakers. This Wormhole airdrop is designed to acknowledge and reward the contributions of dedicated users and developers of multichain applications built on Wormhole, as well as community members who have played a significant role in development and engagement within the Wormhole ecosystem. The snapshot to determine recipients for this airdrop has already been taken.
Read more details about W tokenomics.

Eligibility Criteria and How Eligibility Was Determined

Eligibility for this W airdrop may apply to you if you've interacted with ecosystem chains, applications, or the community within the Wormhole ecosystem in the past. Priority was allocated to users based on the length of their engagement with the Wormhole protocol, the cumulative volume of messages and transfers, and consistency of use throughout the protocol's lifespan, as well as participation in applications within the ecosystem.
A snapshot of users' on-chain activity within the Wormhole ecosystem applications to determine eligibility was taken on February 6, 2024 23:59 UTC. At the time of the snapshot, Wormhole was connected to nearly 30 blockchains and over 200 ecosystem applications, facilitating one billion messages reaching more than a million unique wallets across all its ecosystem applications. This eligibility assessment was informed by nearly three years' worth of data, offering a comprehensive understanding of user engagement and interaction. Frequent and long-time users of Wormhole’s decentralized app ecosystem were eligible for this airdrop to receive a W token allocation.
Please note that Wormhole core contributors are not permitted to participate in any aspect of this initiative, regardless of prior circumstances or use of the platform and ecosystem applications. This airdrop is exclusively for the Wormhole community who have supported the ecosystem for the last 3+ years.

Wormhole airdrop checker: http://airdrop.wormhole.com/