Wormhole Begins Claiming Over 670 Million Token Airdrops Today
Interoperability platform Wormhole allows users to request a token airdrop starting today at 7:30 AM ET.
Nearly 400,000 wallets can claim a total of 678,823,000 Wormhole tokens, equivalent to 6.78% of the total 10 billion supply.
This is based on a February 6 snapshot of users across the project portal bridge and ecosystem apps across 30 blockchains connected to the wormhole.
Of the airdrop allocation, 117 million tokens will go to Wormhole Discord members, select Monad community members, Pyth stakers, and NFT collection holders including Bad Kids, DeGods, Mad Lads, and y00ts registered on the project’s Discord.
The tokens are a native ERC20 token and a native Solana SPL token, with an initial circulating supply estimated at 1.8 billion.
After claiming the airdrop, tokens are expected to be listed on exchanges (both centralized and decentralized). Binance is List The token is for trading at 8 PM ET and is paired with Bitcoin and stablecoins. Solana-based decentralized exchanges will enable token swaps immediately after airdrop claims begin.
The token is currently trading for over $1.50 on pre-launch markets such as HyperLiquid and Aevo, and has a fully diluted valuation of $15 billion.
What is a wormhole?
Wormhole is a communication protocol that allows users to move tokens and data across chains. Recently, we have integrated zero-knowledge proofs into our platform and developed a “light client” implementation for secure transfers between various chains using ZKP. The goal is to create a secure “corridor” between blockchains for messaging.
Wormhole’s plan is to create secure communication channels across major blockchains, including Ethereum, Near, Solana, Aptos, Sui, and Cosmos, solving scaling challenges associated with proof generation and verification for light clients over AMD chips.
The project is also working on Gateway, an application-specific blockchain within the Cosmos ecosystem. Wormhole closed a $225 million funding round last year, giving it a valuation of $2.5 billion.
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