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Wormhole, an interoperability platform that supports multi-chain applications and bridges at scale, announced the airdrop of its native token W.
According to the official statement, the upcoming airdrop of Wormhole's native token W marks the next step in the decentralization of the protocol. W will have a supply of 10 billion tokens with an initial circulation supply of 1.8 billion and will be distributed across 5 initial chains in ERC20 and SPL formats: Ethereum, Solana, Arbitrum, Optimism and Base.
The token will be allocated to six main categories: Guardian Nodes, Community and Launch, Core Contributors, Ecosystem and Incubation, Strategic Network Participants, and Foundation Treasury. The token will initially be 82% locked and will be unlocked within four years.
6.17% of the W supply (617,305,000) was allocated in the Community and Launch category in conjunction with this airdrop to 397,704 wallets following anti-sybil measures. The airdrop includes 500,000,000 W for on-chain activity for users using Wormhole ecosystem applications across 30+ Wormhole-connected blockchains, as well as approximately 117,305,000 W for community users such as Wormhole Discord users, various NFT communities, the Monad community, and Pyth stakers. Contains W.
According to the description, if you have interacted with the ecosystem chains, applications or community in the Wormhole ecosystem in the past, you may be eligible for this W airdrop. Priority was allocated to users based on the length of their interaction with the Wormhole protocol, cumulative volume of messages and transfers, and consistency of use over the life of the protocol, as well as their participation in applications in the ecosystem.
*This is not investment advice.