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W Airdrop Explained

Mar 06, 2024

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6 min read

https://images.ctfassets.net/n8aw1cra6v98/64a1j8uVeKrEAx8t0mgXVc/63d5d96bc4d7b60ee8c23259016ec488/w-airdrop-explained.png

Wormhole is the leading interoperability platform powering multichain applications and bridges at scale — the Web of Web3. The suite of open source protocols is used by developers of over 200 applications and more than 1 million unique wallets to move various types of data across over 30 blockchains. In total, the platform has handled over 1 billion cross-chain messages for applications and teams like Uniswap, Circle, Lido, Synthetix, Pyth, and more. In 2023, the Uniswap Foundation’s Bridge Assessment Committee conducted a third-party multi-month report that resulted in Wormhole being named the only unconditionally approved cross-chain protocol for use by the Uniswap DAO, based primarily on security and decentralization practices.

The Wormhole platform is being developed by a decentralized set of teams contributing to security, engineering, research, product development, ecosystem growth, and community. These teams include Wormhole Foundation, Wormhole Labs, xLabs, and Asymmetric Research, as well as other contributors like Wormhole China, Superteam, Lurk (ZK engineering), Zpoken (ZK engineering), and Succinct (ZK engineering), among others.

The Wormhole protocol is now further decentralizing. This post provides more information about the upcoming airdrop of Wormhole’s native token, W. It includes the Token Release Schedule, allocation to strategic stakeholders within the Wormhole network and ecosystem, as well as a description of its current and future utility. The token generation event (TGE), broad distribution, and usage of W are crucial steps in advancing Wormhole toward a decentralized and permissionless future.

If you’re new to Wormhole, you can learn more about the platform at the following links:

About Wormhole

Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.

The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, Twitter, Discord, or blog.