A Multichain Native Token
W will initially launch as a native Solana SPL token. ERC20 functionality will be enabled post-launch through Wormhole's Native Token Transfers (NTT), allowing seamless transfers across any Wormhole-connected network.
W is the native token that powers the Wormhole platform
W will initially launch as a native Solana SPL token. ERC20 functionality will be enabled post-launch through Wormhole's Native Token Transfers (NTT), allowing seamless transfers across any Wormhole-connected network.
Token symbol
W
Max supply
10,000,000,000
Initial circulating supply
1,800,000,000
Token format
Native ERC20 and SPL (using Wormhole’s Native Token Transfer framework) — ERC20 to be added post-launch
Vesting
82% of W are initially locked, which will unlock over the course of four years per the vesting schedule below.
Wormhole's token-based governance system empowers token holders to influence the protocol's future. Some possible areas of decisions include:
Connection Management
Add and remove blockchain connections to Wormhole
Contract Upgrades
Upgrade smart contracts across Wormhole
Fee Adjustment
Adjust fees across various Wormhole products
Guardian Expansion
Expand or add new parties to the Guardian set
Rate Limiting
Adjust rate limits with regards to Wormhole security
Token Utility
Influence token utility and design
Staking goes live on EVM Chains: Ethereum, Arbitrum, Optimism and Base
The Wormhole Staking Rewards Program (SRP) goes live on all chains, along with the launch of W staking on Solana.
Marking the start of the Wormhole DAO. At this point, delegation, proposals, and voting can begin across Solana and the EVM chains.
Additional W use cases go live for securing the network and accessing products.
