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.
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