Wormhole Token

Wormhole is simple message passing protocol that enables developers and users of cross chain applications built by developers to leverage the advantages of multiple ecosystem.

Wormhole has many potential uses in terms of applications that can be built on the protocol. Some examples of potential applications are:

• Cross Chain Exchange: Using Wormhole Connect, a developer can build an exchange that allows deposits from any Wormhole connected chain, massively increasing the liquidity their users can access
• Cross Chain Governance: If a group of NFT collections on different networks wanted their holders to vote on a combined proposal, they could pick a "voting" chain, and use Wormhole to communicate votes cast on their disparate chains to the voting chain.
• Cross Chain Game: A game could be built and played on a performant network like Solana, and it's rewards issued as NFTs on a different network, for example Ethereum.

Wormhole, W, has a maximum supply of 10,000,000,000. W is set to be distributed amongst six different categories:

• Guardian Nodes - 5.1%
• Community - 17.0%
• Ecosystem - 31.0%
• Core contributors - 12.0%
• Strategic network participants - 11.6%
• Treasury - 23.3%

• Check out Wormhole's blog for further details into W's tokenomics, categories, and token release schedule.

Wormhole holders can participate in governance by staking their W tokens then voting on proposals to shape the future direction of the Wormhole DAO and platform. Any user can explore the Wormhole Forum to engage in discussion of future proposals. For more details about the W governance process, check out their blog which explains process fully.

While Wormhole Token (W) is the only natively issued token for the protocol, Wormhole does issue bridged versions of popular tokens across different blockchains. To see a complete list of these tokens, see above under the "related tokens" section of this page.

Wormhole Token (W) is available on Solana, Ethereum, Arbitrum, and Base.