Multicoin

Reported by The Block, the cross-chain protocol Wormhole has announced the airdrop of its native token. Using the ticker "W," the token will have a maximum supply of 10 billion with an initial "circulating supply" of 1.8 billion, according to a release. The digital assets will be divide among the following groups: guardian nodes, community and launch, ecosystem and incubation, core contributors, strategic network participants and the foundation treasury.
Wormhole added that 82% of the tokens will be initially locked and then release over the course of four years. The protocol will utilize the native ERC-20 and SPL token formats, also according to the release.
Last November, Wormhole closed a $225 million funding round, netting the firm a $2.5 billion valuation. Its backers include Brevan Howard, Coinbase Ventures, Multicoin Capital and Jump Trading, among others.
"Over time, Wormhole plans to progressively decentralize the protocol's governance to W holders. After the token generation and distribution events, on-chain governance will largely guide community programs and treasury-related activities," the protocol said in its release. "The goal of this governance launch is to empower and enable the Wormhole community to address these critical areas with the necessary resources and support."

Wormhole Announced Tokenomic and Airdrop Plan

TokenInsight

2024년 2월 8일에 게재된 다른 기사

Crypto’s Appearance in Terrorism Debate Makes Comeback; US Senator Poses Questions

3 Reasons Why Bitcoin (BTC) Broke $45,000

Federal Reserve predicts a gloomy future for US dollar

Crypto Custodian Bakkt Running On Fumes: Will They Find Funding Or Collapse?

Prospek Cerah Bitcoin (BTC) dan Ether (ETH) di 2024: Analisis Terbaru dari Fidelity Digital Assets

Lending sensation Kelexo (KLXO) receives big Bitcoin (BTC) & USD Coin (USDC) investment as expert...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!