The Wormhole airdrop involves the distribution of W tokens, the native cryptocurrency associated with the Wormhole protocol. The Wormhole team announced an upcoming airdrop without specifying an exact date, but they indicated that a snapshot of eligible wallets had already been taken.
The airdrop aims to decentralize governance for the Wormhole project by granting W token holders a role in decision-making processes related to community programs and treasury activities. The distribution plan includes allocating a significant portion of W tokens to various stakeholders, such as guardian nodes, core contributors, strategic network partners, and the broader community.
The total supply of W tokens to be distributed over four years is set at 10 billion, with an initial circulating supply of 1.8 billion. The remaining tokens will be unlocked gradually according to a predefined schedule. The airdrop distribution strategy reflects Wormhole’s commitment to fostering community participation and ensuring a fair and inclusive distribution of tokens. Overall, the airdrop represents a key milestone in Wormhole’s journey towards decentralization and the promotion of its cross-chain protocol.
How To Claim Token
Wormhole has announced that there is an upcoming airdrop, but hasnt released specific information about when the airdrop would take place and other specific details about the airdrop