The cross-chain interoperability platform Wormhole is set to unlock 6% of its W tokens on August 3, 2024. After this, a total of 17% of tokens will be unlocked. The Wormhole Foundation will retain these tokens, designating them solely for future community-related projects.
Following the unlocking, the distribution of W tokens will be as follows:
- Community and Startup: 17% of 17% unlocked
- Foundation Finance: 3.78% of 23.3% unlocked
- Ecosystem and Incubation: 5% of 31% unlocked
- Strategic Network Participants: 11.6% unlocked
- Core Contributors: 12% unlocked
- Guardian Nodes: 5.1% unlocked
This brings the total unlocking ratio to approximately 25.78%.
According to the token economics roadmap, the next unlocking for strategic network participants, core contributors, guardian nodes, and ecosystem tokens is scheduled for April 3, 2025.
