Wormhole to Unlock 6% of W Tokens on August 3
Wormhole, a cross-chain interoperability platform, posted on Platform X that it intends to unlock 6% of its W tokens on August 3, 2024, at which point a total of 17% of the community's tokens will be unlocked and held in escrow by the Wormhole Foundation to be used only for future community-related projects. After the unlock, the unlocked/circulating supply of W tokens will be as follows:
-Community & Launch: 17% of 17% unlocked;
-Foundation Treasury: 3.78% of 23.3% unlocked;
-Ecosystems & Incubation: 5% of 31% unlocked;
-Strategic Network Participants: 11.6% unlocked;
-Core Contributors: 12% unlocked.
The next unlocking for Strategic Network Participants, Core Contributors, Guardian Nodes and Ecosystems will take place on April 3, 2025, according to Token Economics.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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