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

Odaily News 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 the community's total 17% of tokens will be unlocked. These tokens will be held 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 the ecosystem will be on April 3, 2025.