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Wormhole Opens Trading Alongside a 617M Token Airdrop

Wormhole kicked off trading and rewarded early users with 617 million W tokens in its launch airdrop.

CreatorND Magazine
DateApr 4, 2024

The tokens released represent 6% of the total supply, a further 12% of which has been allocated to core contributors and 23.3% will be put toward the foundation's treasury. The token was launched initially on Solana and will be natively issued on Ethereum and layer-2 networks at a later date.

Holders will be able to delegate W tokens to take part in governance votes. Delegation can take place on Solana or any of the compatible Ethereum-based chains in a process that is being dubbed the "first ever" multichain governance system.

This content is for information and commentary only and is not investment advice.

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