{"id":243264,"date":"2024-02-07T23:37:08","date_gmt":"2024-02-07T18:07:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=243264"},"modified":"2024-02-07T23:37:08","modified_gmt":"2024-02-07T18:07:08","slug":"wormhole-unveils-tokenomics-and-upcoming-airdrop-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/wormhole-unveils-tokenomics-and-upcoming-airdrop-crypto-news\/","title":{"rendered":"Wormhole Unveils Tokenomics and Upcoming Airdrop – Crypto News"},"content":{"rendered":"

<\/p>\n

The popular cross-chain bridge\u2019s W token will have a total supply of 10B tokens, of which 11% will be airdropped to the community.<\/p>\n

\n

Wormhole, a protocol that allows users to bridge assets from Solana<\/a> to other networks, has unveiled the tokenomics for its upcoming W token.<\/p>\n

According to<\/a> the team, 17% will be allocated to the community, 23% to the Foundation\u2019s Treasury, 12% to core contributors, and 31% for ecosystem and incubation purposes. The remaining 17% will be distributed between strategic partnerships and guardian nodes.<\/p>\n

W Token Unlock Schedule<\/figcaption><\/figure>\n

While a date hasn\u2019t been set for the token launch, a snapshot of eligible wallets was taken before today\u2019s announcement. Of the 1.7B tokens allocated to the community, 1.1B is assigned to the airdrop, while the remaining 6% will unlock four months later.<\/p>\n

<\/p>\n

Wormhole has been in the spotlight in past years for varied reasons. In early February 2022, the protocol was hacked<\/a> and drained of $320M in the second-largest DeFi exploit to date.<\/p>\n

Last year, the protocol completed<\/a> 2023\u2019s largest crypto raise, selling $225M in token warrants at a $2.5B valuation.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The popular cross-chain bridge\u2019s W token will have a total supply of 10B tokens, of which 11% will be airdropped to the community. Wormhole, a protocol that allows users to bridge assets from Solana to other networks, has unveiled the tokenomics for its upcoming W token. According to the team, 17% will be allocated to […]<\/p>\n","protected":false},"author":2,"featured_media":243265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-243264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=243264"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243264\/revisions"}],"predecessor-version":[{"id":243267,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243264\/revisions\/243267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243265"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=243264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=243264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=243264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}