Big News from Wormhole: 617 Million Tokens Airdropped to Ecosystem Users!

Crypto News- Check out the juicy news! The cross-chain protocol, Wormhole, just made a big announcement! They’re dropping a whopping 617 million tokens to show some love to their ecosystem users. In a recent blog post, Wormhole expressed their gratitude to the hardworking users and developers who’ve been building and engaging with their multichain applications. They’re not holding back either – this airdrop represents about 6% of their total token supply!

Big News from Wormhole: 617 Million Tokens Airdropped to Ecosystem Users!

So, who’s getting all these tokens? Well, almost 400,000 wallets are in luck, including those who’ve been active across Wormhole-connected blockchains. But that’s not all! Another batch of tokens, around 117 million, is reserved for various community members, from Discord users to NFT enthusiasts and more.

And let’s talk numbers! Wormhole’s W token will have a max supply of 10 billion, with an initial circulating supply of 1.8 billion. These tokens will be distributed among different groups, ensuring a fair and balanced distribution.

But wait, there’s more! Wormhole is gearing up for some serious decentralization by introducing a token-based governance system. W holders will soon have the power to shape the protocol’s future by voting on governance proposals. Talk about giving the community a voice!

This isn’t Wormhole’s first rodeo either – they closed a whopping $225 million funding round last November, securing a hefty $2.5 billion valuation. With backers like Brevan Howard, Coinbase Ventures, and Multicoin Capital, Wormhole is definitely one to watch in the blockchain space.