Kate Hoang
Contributor
Prior to this, Binance is scheduled to list Wormhole (W token) at 12:00 a.m. on April 3 (UTC) with the Seed tag. Spot trading pairs available for trading include W/BTC, W/USDT, W/FDUSD, and W/TRY. Withdrawal time is set for 12:00 a.m. on April 4 (UTC). OKX and Bitget platforms also announced the listing of W token at the same time.
The project, launched in August 2021, currently has a valuation of about $2.5 billion. The platform announced its airdrop and four-year tokenomics plan in February. According to the official announcement, Wormhole will use the “W” token with a maximum supply of 10,000,000,000 W. The platform expects 82% of the tokens to be locked up post-issue linearly over four years, leaving the original circulating supply The initial amount is $1.8 billion.
W token is used in the governance system of Wormhole DAO. Token holders have the right to vote on decisions such as adding or removing blockchains connected to Wormhole, upgrading smart contracts, changing fees...
Wormhole to airdrop W token on April 3rd to over 400,000 Covalent (CQT) staking addresses. In this airdrop, the project allocates 500 million W for on-chain activities and approximately 117 million for community users such as Discord members, NFT communities...
Wormhole's airdrop program aims to reward contributors shaping the ecosystem. Covalent is a blockchain data layer, one of the early supporters of Wormhole.
#Wormhole #Wtoken #Coinbay
What is Wormhole?
Wormhole is a cross-chain bridge protocol that allows asset transfer between blockchains such as Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche and Oasis... The project solves the interoperability problem of decentralized applications dApps, smart contracts on many different blockchains, and help make the process of swapping tokens between blockchains easier and more convenient.The project, launched in August 2021, currently has a valuation of about $2.5 billion. The platform announced its airdrop and four-year tokenomics plan in February. According to the official announcement, Wormhole will use the “W” token with a maximum supply of 10,000,000,000 W. The platform expects 82% of the tokens to be locked up post-issue linearly over four years, leaving the original circulating supply The initial amount is $1.8 billion.
W token is used in the governance system of Wormhole DAO. Token holders have the right to vote on decisions such as adding or removing blockchains connected to Wormhole, upgrading smart contracts, changing fees...
Tokenomics
- Token name: W
- Symbol: W
- Maximum power supply: 10,000,000,000 W
Wormhole to airdrop W token on April 3rd to over 400,000 Covalent (CQT) staking addresses. In this airdrop, the project allocates 500 million W for on-chain activities and approximately 117 million for community users such as Discord members, NFT communities...
Wormhole's airdrop program aims to reward contributors shaping the ecosystem. Covalent is a blockchain data layer, one of the early supporters of Wormhole.
#Wormhole #Wtoken #Coinbay