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

Cross-chain interoperability platform Wormhole posted on the X platform that it plans to unlock 6% of W tokens on August 3, 2024, when a total of 17% of the community's tokens will be unlocked. These tokens will be hosted by the Wormhole Foundation and used only for future community-related projects. After unlocking, the circulation of W tokens is:
Community and Launch: 17% of 17% unlocked
- Foundation Treasury: 3.78% of 23.3% unlocked
Ecosystem and Incubation: 5% of 31% unlocked
Strategic network participants: 11.6% unlocked
Core contributors: 12% unlocked
According to Token Economics, the next unlocking of strategic network participants, core contributors, custodial nodes, and ecosystems will take place on April 3, 2025.