• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Wednesday, October 15, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Wormhole Protocol Airdropping 1.7 Billion W Tokens

Jordan Avery by Jordan Avery
February 10, 2024
in News
Reading Time: 3 mins read
0
Wormhole-airdrop-protocol 1
Share on TwitterShare on Facebook

The Wormhole team announced that it is going to launch its own token under the ticker W. The developers did not name the exact date, but shared details of the tokenomics of the project and an upcoming airdrop. 

 

Wormhole Tokenomics and Airdrop 

The cross-chain protocol Wormhole (W) based on Solana (SOL) announced an airdrop, and also shared a four-year tokenomics plan. The total emission of tokens of the ERC-20 and SPL standard – W – will be 10 billion coins. Of these, approximately 1.8 billion tokens will go into the initial supply, and the rest will be unlocked over the next four years. 

According to its tokenomics, the team will distribute assets as follows: 

17% – among the community;

12% – among developers;

11.6% – among strategic network partners;

31% – to maintain the ecosystem;

23.3% goes to the fund’s treasury. 

The Wormhole network currently consists of 18 guardian nodes , which are responsible for maintaining consensus by identifying malicious or dysfunctional validator nodes. Voting rights are evenly distributed among these custodian nodes. 

Through the free distribution of tokens, the project plans to transfer the rights to manage the protocol to holders of native coins. The Decentralized Autonomous Organization (DAO) will adjust fees, update smart contracts, and add and remove support for various blockchains. 

 

(W) Tokens: From Hack to Recovery

Wormhole-w-token-airdrop

Wormhole is a cross-chain protocol launched in 2021. It allows you to transfer funds between different blockchains, for which the developers have come up with a special set of infrastructure solutions. It works simply: users block assets on one network and receive copies of them on another. 

In 2022, the project experienced a large-scale hacker attack. The attackers withdrew $325 million worth of cryptocurrency from the protocol. This hack is considered one of the largest in the entire history of decentralized finance (DeFi).

However, the team managed to cope – in November 2023, Wormhole attracted $225 million in investments from investors such as Coinbase Ventures and Multicoin Capital. The funding round brings the network’s valuation to over $2.5 billion. Earlier, the airdrop was announced by the team of the DeFi protocol for creating rollups AltLayer (ALT). The Celestia (TIA) developer token distribution will begin on February 20th.

 

About Wormhole

Wormhole is an open source blockchain development platform connecting the decentralized web. 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.

Tags: airdropDeFiExploithack recoverySOLsolanaToken LaunchTokenomicsW TokenWormhole
Previous Post

Solana Labs Released the Root Cause Analysis

Next Post

Avalanche (AVAX) Price Surges 10% Amid Altcoin Rally

Related Posts

Featured

Zeta Network Raises $231M in Bitcoin Deal

October 15, 2025
Featured

USDT, USDC Inflows Signal Crypto Still Alive

October 15, 2025
Featured

Bitcoin and Ethereum ETFs See $339M Inflows After Market Crash

October 15, 2025
Binance Issues $283M Compensation After Market Turbulence
News

Binance Issues $283M Compensation After Market Turbulence

October 13, 2025
Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off
News

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

October 11, 2025
News

Trump China’s Warning Sparks $700M Crypto Market Liquidation

October 10, 2025

Press Releases

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off
News

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

by Alex Mercer
October 11, 2025

Bitcoin prices slid sharply this week, mirroring the turbulence seen during earlier 2025 market corrections. Nearly $20 billion in BTC...

Read more
NFT Market Sees $129M Weekly Sales as BNB Chain Surges

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

September 28, 2025
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier