Wormhole: 6% of W tokens will be unlocked on August 3rd

ChainCatcher news, the cross-chain interoperability platform Wormhole announced on social media that it plans to unlock 6% of the W tokens on August 3, 2024. By then, a total of 17% of the tokens will be fully unlocked, and these tokens will be held by the Wormhole Foundation, solely for future community-related projects. After the unlock, the unlocked/circulating supply of W tokens will be as follows:

• Community and Launch: 17% of 17% has been unlocked;
• Foundation Treasury: 3.78% of 23.3% has been unlocked;
• Ecosystem and Incubation: 5% of 31% has been unlocked;
• Strategic Network Participants: 11.6% not unlocked;
• Core Contributors: 12% not unlocked.

According to the tokenomics, the next unlock for strategic network participants, core contributors, guardian nodes, and the ecosystem will take place on April 3, 2025.