Compass Investments

Crypto vs. Dollar

📌 The initiative marks a major milestone in the distribution of 617.3 million W tokens to over 400,000 wallets. It aims to reward early adopters and contributors to Solana, Ethereum and other chains.

617.3 million Wormhole tokens. Token

– 617.3 million Wormhole tokens

617.3 million Wormhole (W) Airdrop tokens will be released on April 3.

On April 3, Wormhole will issue 617.3 million tokens for its managed token launch.

Several cryptocurrency exchanges, including Binance, OKX and Huobi, will list the tokens for trading.

With a pre-market price of $1.65, the W token could debut with a market value of about $3 billion.

Wormhole, a cross-chain protocol, is preparing to introduce the W control token, which is scheduled to be released on April 3.

The initiative marks a significant milestone: 617.3 million W tokens will be distributed to more than 400,000 wallets. It aims to encourage early adopters and participants of Solana, Ethereum and other blockchains.

The launch, dubbed “Wormhole Wednesday,” is scheduled for April 3 at 11:30 UTC. The token issuance is intended to strengthen the Wormhole ecosystem and foster a commitment to seamless cross-chain transactions.

The launch of W will be organized in a way that significantly decentralizes protocol participants from the start: 10 billion tokens and 1.8 billion tokens will be distributed as SPL tokens on Solana. The distribution will span across categories including ecosystem and incubation, community and launch, providing a broad distribution that supports Wormhole’s long-term vision for success, stability and further decentralization,” Wormhole wrote.%%%%%%

– It added: “Several major cryptocurrency exchanges, including Binance, OKX and Huobi, have announced their intention to make W tokens available for spot trading starting April 3 at 12:00 UTC.

“The rapid move to this trading platform reflects the token’s potential and the community’s willingness to embrace it. However, Binance advises users to approach this new token with caution.

With 1.8 billion W tokens in circulation at launch and a pre-market price of $1.65, Wormhole positions the W token as a significant asset in the cryptocurrency space. If this price holds, the market value of the tokens could rise to nearly $3 billion. This would make them the 50th largest cryptocurrency by market capitalization.

This reflects Wormhole’s cross-chain philosophy, supporting the Solana SPL20 token standard and extending support for Ethereum’s ERC-20.

Bitcoin

Bitcoin

$64,027.24

BTC 0.71%

Ethereum

Ethereum

$3,066.39

ETH 0.09%

Binance Coin

Binance Coin

$557.60

BNB 1.43%

XRP

XRP

$0.50

XRP 0.22%

Dogecoin

Dogecoin

$0.15

DOGE 1.13%

Cardano

Cardano

$0.47

ADA 3.37%

Solana

Solana

$145.02

SOL 3.96%