The cross-chain messaging protocol Wormhole announced on Thursday (8th) its native token W’s token economics and airdrop plan. The maximum supply of W is 10 billion, with an initial “circulating supply” of 1.8 billion.
According to the token economics released by Wormhole, initially, 82% of W tokens will be locked and unlocked over four years according to its token release plan. The token format of W will adopt the native ERC-20 and SPL.
W tokens will be allocated to guardian nodes (5.1% of token supply), community and launch (17%), ecosystem and incubation (31%), core contributors (12%), strategic network participants (11.6%), and foundation treasury (23.3%). The snapshot for the community airdrop has already been completed before the publication of this article.
Wormhole stated in the article:
Related report: “Cross-chain protocol Wormhole announces ZK roadmap, will deploy ZK lightweight clients supporting multiple blockchains.”
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