Dear Bitruers,
Today, we are excited to share a new article about Wormhole (W)!. Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
Introduction
In the vast expanse of the crypto universe, Wormhole emerges as a celestial bridge—a conduit connecting disparate blockchain realms. Let’s unravel the cosmic mysteries of W, the native token of Wormhole, and explore its tokenomics.
Wormhole in a Nutshell
Wormhole isn’t your run-of-the-mill blockchain. It’s a multiverse messenger, threading together over 30 blockchains with its secure and decentralized protocol. Here’s a glimpse of its journey:
- Genesis: Over three years ago, Wormhole launched as the first-ever generalized messaging protocol, uniting Ethereum and Solana. Since then, it has evolved into a full-fledged interoperability platform, powering multichain applications and bridges across the Web3 galaxy.
- Cosmic Connections: Wormhole’s suite of open-source protocols facilitates seamless data movement for 200+ applications and hundreds of thousands of users. Uniswap, Circle, Lido, Synthetix, and Pyth are among the cosmic travelers who’ve entrusted Wormhole with over 950 million multichain messages.
Tokenomics Constellations
Let’s peer through the telescope and observe the stars of W:
- Maximum Supply: The cosmic vault holds 10 billion W tokens.
- Initial Circulation: As we embark on this interstellar voyage, 1.8 billion W tokens are already in circulation.
- Lock-Up Period: A cosmic countdown begins—82% of W tokens remain initially locked. Over the next four years, they’ll gradually unlock, aligning with the Token Release Schedule.
Token Allocation Across Cosmic Realms
The cosmic council has allocated W tokens across six categories:
- Community: 17%—For stargazers, explorers, and believers in the Wormhole vision.
- Foundation’s Treasury: 23%—Fuel for the cosmic engines, ensuring Wormhole’s perpetual motion.
- Core Contributors: 12%—The celestial architects shaping Wormhole’s destiny.
- Ecosystem and Incubation: 31%—Nurturing fledgling dApps, fostering innovation, and seeding cosmic gardens.
Wormhole’s Utility Warp Drive
- Interchain Fuel: W tokens power the cosmic engines, enabling cross-chain transfers and data flow.
- Governance Constellations: Holders participate in shaping Wormhole’s trajectory—voting on upgrades, proposals, and cosmic treaties.
- Cosmic Staking: Stake your W tokens to secure the multiverse and earn cosmic rewards.
Conclusion: Riding the Cosmic Winds
As Wormhole decentralizes further, we invite you to join our cosmic caravan. Strap in, fellow spacefarers, as we ride the wormhole—a beacon of trust, openness, and boundless exploration in the Web3 cosmos.