Wormhole protocol is preparing to launch its Governance Token W with an Airdrop scheduled for April 3.
This initiative marks a major milestone, distributing a staggering 617.3 million W Token to over 400,000 wallets. It aims to reward early adopters and contributors on Solana , Ethereum, and many other chain .
Wormhole's 617.3 million Token Airdrop program
Solana Whales Move Hundreds Of Millions Worth Of launch is set for 11:30 UTC on April 3. This Token Airdrop program aims to strengthen the Wormhole ecosystem, further enhancing their commitment to facilitates seamless cross- chain transactions.
“The W launch is structured to significantly decentralize protocol stakeholders from the start, with a 10 billion Token supply and an initial circulating supply of 1.8 billion distributed as SPL Token on Solana.
The distribution spans a variety of categories, including Ecosystems & Incubators, Communities & Startups, among others, ensuring broad distribution that supports Wormhole's long-term vision of success, stability, and further decentralization,” Wormhole wrote.
Adding to the anticipation, several leading crypto exchanges, including Binance, OKX , and Huobi, have announced their readiness to list the W Token for spot trading starting at 12:00 UTC on April 3.
This rapid migration to trading platforms reflects the Token 's potential and the community's eagerness to embrace it. However, Binance advises users to be cautious when approaching new Token .
“W is a relatively new Token that carries higher than normal risk and is therefore likely to be subject to high price volatility .
Please ensure that you exercise adequate risk management, have done your own research on W fundamentals, and fully understand the project before choosing to trade the Token,” Binance explained.
With 1.8 billion W Token set to circulate at launch, priced at $1.65 in pre-market trading, Wormhole is positioning the W Token as a key asset in the crypto space.
If the price stays the same, the Token 's market Capital could increase to nearly $3 billion. Thus, securing its position as the 50th largest cryptocurrency by market Capital .
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