Wormhole launches 617 mln token airdrop to boost decentralization
Wormhole, a cross-chain interoperability protocol, has announced an airdrop of 617 million W tokens to nearly 400,000 wallets to enhance its ecosystem’s decentralization and incentivize community participation.
The airdrop follows a positive security audit by the Uniswap Foundation’s Bridge Assessment Committee.
The tokens are intended to facilitate governance and encourage contributions within the Wormhole network, which supports data transfer across over 30 blockchains.
The allocation of W tokens, representing 6% of the total supply, includes 500 million tokens for on-chain activity and approximately 117 million for community users, such as Discord members and various NFT communities.
Airdrop eligibility was determined by ecosystem interactions as of February 6.
The W token will function across multiple chains, including Ethereum and Solana.
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