Summary
Wormhole is planning an airdrop of its new native currency, W tokens, to expand its ecosystem. The airdrop will allocate 617 million tokens to support community engagement and protocol use. The maximum supply of W tokens will be 10 billion, with 1.8 billion initially circulating. Airdrops are used to reward active community members. The protocol plans to make W tokens the governance token for its Wormhole DAO, gradually decentralizing governance to token holders. Wormhole has open-source protocols for messaging, connecting, querying, and gateway services.
Key Points
1. The interoperability platform Wormhole is planning an upcoming airdrop to expand its ecosystem through the distribution of its new native currency — W tokens.
2. The airdrop will allocate 617 million tokens, or 6% of the total supply, to support community engagement and protocol use across 397,704 wallets following anti-sybil measures.
3. The protocol plans to make W the governance token for its Wormhole DAO, with on-chain governance guiding community programs and treasury-related activities in the future.