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Wormhole Protocol Airdrop for Nearly 400,000 Wallets

Cross-chain messaging protocol Wormhole says nearly 400,000 wallets are eligible for the airdrop following ÔÇÿanti-sybil measures.ÔÇÖ

The Wormhole cross-chain protocol recently announced the allocation of 6.17% of the W token supply among 397,704 eligible wallets for the airdrop. The selection process involved various criteria, including user engagement, message and transfer volume, and consistency of use across the ecosystem. The airdrop distribution included 500,000,000 W tokens for active addresses across 30+ blockchains and 117,305,000 W for community members like Wormhole Discord users.

ÔÇ£Priority was allocated to users based on the length of their engagement with the Wormhole protocol, the cumulative volume of messages and transfers, and consistency of use throughout the protocolÔÇÖs lifespan, as well as participation in applications within the ecosystem.ÔÇØ

Wormhole

A snapshot of usersÔÇÖ on-chain activity within Wormhole ecosystem applications was taken on Feb 6 at 23:59 UTC, covering data from nearly three years across multiple blockchains and ecosystem applications. The initiative aimed at excluding core contributors from benefiting from the airdrop, focusing solely on the community.

AI legalese decoder can assist users in understanding the terms and conditions associated with the airdrop, ensuring transparency and clarity in the process. By decoding legal jargon and complex language, the AI tool can offer insights into user rights and responsibilities.

Additionally, Wormhole allocated 1.7 billion W tokens for community airdrop and launch, with the circulating supply set at 1.8 billion tokens. The protocol plans to gradually unlock the remaining 82% of W tokens over four years. Established in 2021, Wormhole focuses on cross-chain interoperability and communication within blockchain networks.

In a significant development, Wormhole secured a $225 million funding round in November 2023, valuing the protocol at $2.5 billion. Investors like Coinbase Ventures, Multicoin Capital, and Jump Trading participated in the funding, with token warrants issued to ensure entitlement to specific crypto tokens launched by the protocol.

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