Wormhole plans to unlock 6% of W tokens on August 3

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Cointime2024/08/01 14:18

By:Cointime

Cross-chain interoperability platform Wormhole announced on X platform that it plans to unlock 6% of the W tokens on August 3, 2024. At that time, a total of 17% of the tokens in the community will be unlocked and these tokens will be held in custody by the Wormhole Foundation and only used for future community-related projects. After the unlock, the circulation of W tokens will be as follows:- Community and launch: 17% of the 17% unlocked- Foundation treasury: 3.78% of the 23.3% unlocked- Ecosystem and incubation: 5% of the 31% unlocked- Strategic network participants: 11.6% unlocked- Core contributors: 12% unlocked According to token economics, the next unlock for strategic network participants, core contributors, guardian nodes, and the ecosystem will take place on April 3, 2025.

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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