DEFI

Wormhole announces the launch of the "W" token, with a total airdrop of 617 million tokens. Airdrop eligibility can now be checked.

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Wormhole announces the launch of the "W" token, with a total airdrop of 617 million tokens. Airdrop eligibility can now be checked.

The cross-chain protocol Wormhole has finally announced the token issuance after years of development. The airdrop took place with a snapshot on February 7th at 07:59 (Taiwan time), accounting for approximately 6% of the total token supply.

Wormhole Confirms Airdrop

The cross-chain protocol Wormhole officially announced on March 7th that it will issue the token W and commit to airdropping 617 million tokens to past users, accounting for 6% of the total token supply.

W will be a governance token, allowing holders to vote on the upcoming Wormhole DAO for decisions such as fee structures.

Wormhole stated that they will airdrop to users who have used over 30 cross-chain bridges supported by Wormhole, including 5 billion tokens, with another approximately 1.17 billion tokens being distributed to community users such as Wormhole Discord users, various NFT communities, Monad communities, and Pyth holders.

Wormhole W Airdrop Eligibility Check

The W airdrop took place on February 7th at 07:59 Taiwan time, and Wormhole emphasized that this eligibility assessment is based on data from the past three years, providing a comprehensive understanding of user participation and interaction.

Users can check their eligibility on the Airdrop Confirmation Page by selecting their current wallet network.

If users believe they have actively participated in Wormhole but were still deemed ineligible, they can submit a form through Google Forms to appeal to the official team.

Airdrop Eligibility Check Page

Wormhole W Token Economics

According to the official announcement, W will be issued following the Solana SPL and Ethereum ERC20 token standards, launching on five different blockchains including Ethereum, Solana, Arbitrum, Optimism, and Base.

Token Information

  • Symbol: W

  • Maximum Supply: 10 billion

  • Initial Circulating Supply: 1.8 billion

  • Token Format: ERC20, SPL (using Wormhole's native token transfer standard)

  • Token Lockup: 82% of W, 8.2 billion, will be unlocked over four years

Token Distribution

  • Nodes: 5.1%

  • Community, Initial Issuance: 17%

  • Ecosystem Development: 31%

  • Core Contributors: 12%

  • Strategic Partners: 11.6%

  • Foundation Treasury: 23.3%

W Token Distribution