The Wormhole interoperability protocol has just unveiled its tool to check if you are eligible for its W token airdrop. How to access it?
How to check if you are eligible for Wormhole’s W token airdrop?
The Wormhole interoperability protocol has just unveiled its tool for checking whether you are eligible for its W token airdrop.
According to the press release, Wormhole has processed over a billion transactions across 200 applications and more than a million wallets.
In this respect, Wormhole has unveiled the tokenomics of its W token. The latter will have a total supply of 10 billion tokens over time, and will benefit from a release of 1.8 billion tokens at launch, although no date has yet been announced. The W token will initially be available on the Ethereum, Solana, Arbitrum, Optimism and Base networks.
With regard to the airdrop of W tokens, 397,704 wallets are eligible for distribution. This means that 6.17% of the dedicated supply, or 617.3 million W tokens, can be claimed.
According to Whales Market, the value of a W token is around $1.5.
“The airdrop includes 500,000,000 W for on-chain activity of users who have used Wormhole ecosystem applications on more than 30 blockchains connected to Wormhole, as well as approximately 117,305,000 W for community users, such as Wormhole Discord users, various NFT communities, the Monad community and Pyth stakers. “
Eligibility criteria are based on interactions carried out with the various networks supported by the Wormhole protocol, particularly concerning the cumulative value of cryptocurrencies transferred and the frequency of exchanges. The snapshot was taken on February 6, 2024, according to the release.
You can check your eligibility for Wormhole’s W token airdrop from the official page shared by the protocol.
Wormhole’s verification tool seems to be experiencing latency issues. If the page isn’t working, you can check your allocation from Zenith’s tool, which doesn’t require any connection from your wallet.
Wormhole’s airdrop is one of the most eagerly awaited token distributions of recent times. Indeed, the company was recently valued at a staggering $2.5 billion.
