Wormhole, a cross-chain interoperability platform, announced on the X platform that it plans to unlock 6% of W tokens on August 3, 2024, when all 17% of the community's tokens will be unlocked. These tokens will be managed by the Wormhole Foundation and will only be used for future community-related projects. After unlocking, the circulation of W tokens will be as follows:
-Community and startup: 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 unlock for strategic network participants, core contributors, guardian nodes, and ecosystem will be on April 3, 2025.